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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 EdgarLon Apr 13, 2016 3:51pm
154 Views
Post# 24763179

RE:RE:RE:RE:Level 2 quotes . . .

RE:RE:RE:RE:Level 2 quotes . . .I love temporary downward pressure!  My many comments on this blog back when ICG was at 15.5 cents are here for all to see.  I bought I think $100k at that time and made a very good profit.  The reason for that was the temporary downward pressure of a stupid fund selling.  Over the past few weeks DNA had that happening and I made more than 15% off of that one yesterday.  That opportunity is gone now but the opportunity now is in backing up the truck for ICG and also AVK (Avnel).  The downward pressure here is in warrants and in Avnel it is the #7 you can see on level II currently with 213,500 shares for sale at 33.  There are lots of #7's on the board but this particular one moves around but always hovers over the price for the purpose of holding it down.  They've been doing this for about 6 months, arguably to keep a low average price for an upcoming buyout.  Buying at times like this is how to make money in the miners! 
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