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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

Post by Albertan22on May 22, 2017 8:19pm
246 Views
Post# 26271271

management

managementYou know, I think it's important to remember that management has wound up Integra at a stock price more than 25% above its recent hard ceiling of $.96, which itself is more than 100% greater than most of us bought in at, and 200% greater for many of us.  I made 150% profit.  If this had happened when Integra was at .60, we would be getting about .90 cents.  Management deserves recognition for negotiating a takeout at a better price than Integra has seen for a long time.

And -- remember that management doesn't make this decision, shareholders do.  People are going to vote on it.  When you're railing at management, you're also railing at other shareholders, who are going to accept this bid.  Saying that the bid shouldn't be made is basically saying "I want the risk of developing the mine because the potential rewards are greater, AND I don't want ICG shareholders to get to make that choice."  What's happened here is that management has accepted a buyout that gives a good profit, reduces the risk, and is giving shareholders a chance to vote on it.  I don't think that they deserve the label of Judas that many people here consider appropriate.  The future's uncertain, and 200% profit is 200% profit.  
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