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Intchains Group Ltd V.ICG


Primary Symbol: ICG

Technology Semiconductors
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

Intchains Group Ltd > Strategic Investment Announced
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Comment by Caribbeanmanon Apr 09, 2016 10:36pm
146 Views
Post# 24748943

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Strategic Investment Announced
tomgranite wrote:
chadio wrote: .......Steven said in the interview on BNN that some warrants hit the forced exercise price today.............could that have contributed to the high volume?......looks like the pie is getting bigger and brighter


This could explain some of the sell side on Friday. Some warrants are 26c and the vast majority are 30c, so I guess whatever terms regarding the SP being above a certain price for X number of days has been reached. The expiry date is end of June anyway. I think De Jong said $6mil of warrants were forced so @ 30c it is 20mil which is basically all the outstanding warrants. To cover the cost of $mil, 12mil shares @ 50c would have to be sold. If equal number of shares were sold to the number of warrants exercised, then 20mil shares would hit the market. SP held up well on Friday but let's see what happens in next few days, I'm looking to buy a few more. There could be a NR out regarding the forced exercise of warrants.


My .30 warrants are still intact at the end of the trading day Friday. 
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