Intchains Group Ltd V.ICG

Primary Symbol: ICG

Technology Semiconductors

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

Intchains Group Ltd > No deal

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Comment by Albertan22on May 16, 2017 10:31am

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Post# 26249276

RE:RE:RE:No deal

"The idea is to stir up the pot for potential bidders to come out. The 3% ($18M) penalty is insignificant to worry about for a much better offer (e.g. for $1.5+/s). All they need to do is to dish out a few juicy drilling results to show multi-million oz potential beyond the current Triangle RE."

I'm curious -- if they wanted to stir the pot to bring in a better offer, wouldn't it be simpler to just release the juicy drilling results and not worry about soliciting a low-ball bid?

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