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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

Post by EdgarLon May 13, 2016 10:57am
129 Views
Post# 24870124

Switch to Avnel already

Switch to Avnel alreadyIntegra already did it's thing going from 30 cents to 70.  Avnel Gold (AVK) is just about to.  Why not move the money there and do it over again.  Integra just diluted - Avnel shouldn't have to dilute.  Over the next week or two, they'll hit the magic number of 20 days with a volume average over 30 cents bringing in $14 million of warrant money.  This will bring the cash up to about $19 million.  The DFS is done and the government permitting is issued now.  Other than a few who have to buy the warrants who are selling (that's the buying opportunity), the ceiling will soon be gone and we'll be above 60 cents quickly.  The vast majority of the warrants are owned by Elliott Management (Paul Singer's company) and they won't need to raise money for them nor will they be selling them.  So the time is limited on this one.  
I like Integra a lot - I'll be buying later.  If your in it for a lovefest, fine - stay.  But if you're in it to make money, move over to Avnel, double your money and buy Integra again.  Integra will still be there.  IMHO
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