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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 Mar 06, 2017 5:54pm
164 Views
Post# 25940350

RE:RE:RE:RE:RE:RE:Lamaque deep mixed messages

RE:RE:RE:RE:RE:RE:Lamaque deep mixed messagesBlue, some comments below.
- Open door policy: True that any respectable entity, e.g. G or AEM, etc.., even an individual like one of us, if we have a sizable chunk of shares, would be able to access the "data room" if they are willing to sign the CA agreement. This is a more reliable way to obtain the info with the promise to keep it to yourself. But there are other way to get a general idea about some key information... through "rumours" and "gossips" at the so-called local watering holes.

- Seat at the BoD at 20%: It's all depend on the agreement between the 2 companies involved. I am not sure if this was written in the original "15% strategic investment"   (ELD holding has been reduced to 13%). It would be useful if you could point out a link to this fact. I believe that at the 20% level, a company (ELD in this case) would be required to complied with another set of security rules to prevent a creeping TO of the target company (ICG).

Note: As indicated, it all depends on the mutual agreement. We have a case at hand, ICG and ER. ICG had the original " less than 10% strategic investment" in ER but has 2 members sitting on ER BoD (de Jong and Salamis) and two Tech Reps/Advisers on the exploration program. Not too long ago, ICG sold some of the holding to reduce it to 5.1%, but since it above 5% there is no chnage in the BoD and Technical representations. This is so, because the agreement says so.

- ELD war chest: True that it would appear on the surface that ELD has about $1B at its disposal. But, I believe it has some debt over ($0.5B, don't remember precisely how much, could be some 0.6B?). The due date is not too far away, so ELD would have to make sure that it would not get caught between a rock and a hard place, if they could not re-finance the "long-term" debt within a year and something would happen to Greece and/or Turkey. 

May be, there is some incentive to for ELD to retreat back to Canada (Val d'Or has a nice ring), but I don't think ELD can compete against the other majors (Alright, ELD can certainly start the bidding process, let's give it that credit, lol).
Just my take.
GH
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