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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 Marine2on May 23, 2017 6:20pm
287 Views
Post# 26274835

RE:RE:As I stated, more news to come !

RE:RE:As I stated, more news to come !

tom g

 

Sorry,, had to go fishing with the family today

 

tom

 

Integra can’t stop all reporting and play dead until this offer closes,, they must report all material information when it becomes available. (2 months a long time with no news)

 

Just as todays NR proves, they must still report material information when it becomes available in fact there would be more emphasis on an up to date discloser before we vote. I am sure Steve & George would like to see someone come in with a $1.50 bid !

 

All George stated,

 

This was just too compelling an offer not to present it to our shareholders.”

 

Does not mean another offer is be waiting in the wings with more NR / disclosures !

 

 

Disclosure of Material Changes

 

https://www.osc.gov.on.ca/en/Companies_continuous-disclosure_index.htm

 

Reporting issuers are required under securities legislation to publicly disclose any material changes to the issuer's affairs. 

 

A material change is (for a reporting issuer other than an investment fund):

a change in the business, operations or capital of a company that would reasonably be expected to have a significant effect on the market price or value of any of its securities;

 

Mineral Projects and Oil & Gas Activities
 

Companies that are engaged in mineral projects or oil and gas activities are subject to additional continuous disclosure requirements. 

 

For example, a company must ensure that all disclosure of scientific or technical information concerning a mineral project on a property material to the company is based on information prepared by or under the supervision of a qualified person. Detailed disclosure requirements for mineral projects are set out in National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101)

 

In addition, upon becoming a reporting issuer in a jurisdiction in Canada an issuer must file a technical report for a mineral project on each property that is material to the issuer. The disclosure requirements for technical reports are contained in NI 43-101 and Form 43-101F1 Technical Report.

M2

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