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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 chadioon Oct 28, 2016 3:07pm
132 Views
Post# 25399799

RE:ICG sells nearly half of it's Eastmain shares

RE:ICG sells nearly half of it's Eastmain shares has anyone tried to contact IR to see what this all about?..............obviously an event happend that funds were needed immediately instead of waiting for a PP to close..........I don't believe they are just padding their bank account because they could have sold these shares for more not that long ago............something happened that the company didn't want to alter their budget going forward.............the question is was it a positive event or a negative event.....the possiblities are numerous.......maybe M2 was correct in buying the Airport property.......maybe they want to upgrade the mill and start toll milling to raise some cash instead of leaving the mill idle.......maybe something unforseen happened while building  the ramp that needs immediate funding.........these are just guesses.......hope we find out soon though.......DeJong did say in a Northern Miner interview that they would do pp's and avoid debt untill getting close to the end and then take on some debt at that point.........I assume the end meaning getting close to production and no longer being classified as an explorer but as a producer...............maybe this cash influx will help out in delaying taking on debt.......once again these are my stabs in the dark over this current event
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