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Intchains Group Ltd V.ICG


Primary Symbol: ICG

Intchains Group Ltd is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). The Company utilizes a fabless business model and specializes in the front-end and back-end of Integrated circuit (IC) design, the two components of the IC product development chain. The Company’s products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware, the products are mainly used in the blockchain industry. The Company had built a technology platform named Xihe. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.


NDAQ:ICG - Post by User

Comment by goldhunter11on Apr 08, 2016 2:38pm
249 Views
Post# 24746193

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Strategic Investment Announced

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Strategic Investment AnnouncedFB,
Thanks for the link. From what de Jong was saying, Robinson is on his way out and it would seem that the proposal for the new Board and Interim CEO is a done deal. It would still be passed by the vote at the AGM (29 April 2016), but it's unlikely that Robinson can muster enough support.

de Jong said, a merger is not in the work. For the moment ER would take the lead in drilling to get the project (Eau Claire) to the next level and ICG people would be in the background "advising'/pulling strings, since their main effort would be on the development of ICG Lamaque project....unless (my speculation here) something else would happen to ICG, e.g. TO'd by somebody. If that happened then de Jong and Salamis would have something to do at ER, at least at the Board's level, plus some golden parachute with their departure from ICG. No worries!

May be, just may be, the big fish just follow the example of its PRB's acquisition to fold most of ICG in its grip, leaving the extra bits to merge with ER.The big fish would retain a sizable chunk of the new company, say 15%, and a couple of directors on the BoD, just to keep an eye on things.

GH
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