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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 wwadehammeron Nov 17, 2016 3:01pm
150 Views
Post# 25476762

RE:RE:RE:RE:RE:RE:RE:Ulterior motive ?

RE:RE:RE:RE:RE:RE:RE:Ulterior motive ?Don't know whether to agree or disagree with you HTG.  Anything is possible as management always tries to take care of itself.  Don't know if the Board and Management control enough shares to grease a low-ball bid or would risk a lawsuit by withholding good drill results.

What Rick Rule said on BNN makes sense to me.  He said he was awaiting results from the drilling (IMO he means the Lamaque Deep and several of the GRC targets) and was willing to pay a higher price if the drilling pans out.  Another 2 to 4 million ounces found at Lamaque or GRC and the SP is off to the races.  If they don't hit anything else then maybe a buyout for $1.  Can't see how we'll have any REs on the Lamaque Deep or GRC for at least another year but some positive hits in the next couple of months would go a long way to raising the offer of any takeout bids.
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