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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 ricklangon Jul 30, 2017 10:13am
203 Views
Post# 26526278

RE:RE:RE:RE:RE:RE:RE:RE:How does 1.21 per share be reduced to 86 and no class action

RE:RE:RE:RE:RE:RE:RE:RE:How does 1.21 per share be reduced to 86 and no class actionIt's a good question that's been asked more than once, I'm not sure why the share price has dropped so much. Usually it's a combination of things and that's probably the case with ER. One thing could be lack of communication from management, although that appears to be improving. Another could be that projects are not progressing as fast as shareholders would like. I'm sure there's other factors contributing to the share price decline but I think it may be oversold and due for some appreciation, especially if the second half of the year goes well with an updated RE and a little help from the price of gold. 
Not betting the farm on it but it's something to watch for myself and accumulate in small portions over time. Best of luck to you Albertan, I'm an Albertan too, from Red Deer. GLTA
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