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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 May 15, 2016 9:11am
112 Views
Post# 24874530

RE:Next week ! (Eldorado)

RE:Next week ! (Eldorado)M2,
Your post says: "Eldorado will buy 25% of Integra by investing, (25% 30m shares @ .70 = $21m)".

I am trying to follow your math but it does not seem to add up.
- Assumption: 25% = 25% ICG total ELD stake, after the addtional investment (also OS is assumed to be ~450M shares).
- Currently ELD has a little less than 15%, ~ 67.5Ms/OS~450M= 14.06%. It will need to buy a few more share to maintain 15% (say 1% of 450M = 4.5M share @ ??? for ~$3M)
- You were talking about 30M @ 0.70 = 21M shares in addition to what ELD already has. So, 30Ms/~450Ms = 6.7%OS.
14% (or 15%) + 6.7% = ~20% (so where did the 25% come from?)

May be it's too early for me to do the math.
BTW, why increase to 25% at the risk of being subject to more stringent requirement (e.g. creeping take over?). If they want to their own director to be appointed, would 20% be enough? The other thing is that ICG probably has enough money for now...They would need to chew up all the FT money before year end?
Cheers,
GH
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