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XcelMobility Inc (XCLL)

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Last Post: 9/20/2016 9:13:56 AM - Followers: 52 - Board type: Free - Posts Today: 0
A/S increased to 4.2B 5/18/2016  
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=XOYnRfwm0iR24fPE2HAPPQ%253d%253d&nt7=0

****** O/S 660,553,090 shares a/o May 13, 2016 At Par Value .001****
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11401890

Reasons for the Amendment 


The primary purpose of this amendment to increase the number of authorized shares of Common Stock is to make available for future issuance by us additional shares of Common Stock and to have a sufficient number of authorized and unissued shares of Common Stock to maintain flexibility in our corporate strategy and planning. We believe that it is in the best interests of our Company and its stockholders to have additional authorized but unissued shares available for issuance to meet business needs as they arise. The Board of Directors believes that the availability of additional shares will provide our Company with the flexibility to issue Common Stock for possible future financings, stock dividends or distributions, acquisitions, stock option plans, and other proper corporate purposes that may be identified in the future by the Board of Directors, without the possible expense and delay of a special stockholders’ meeting. The issuance of additional shares of Common Stock may have a dilutive effect on earnings per share and, for stockholders who do not purchase additional shares to maintain their pro rata interest in our Company, on such stockholders’ percentage voting power. 

The authorized shares of Common Stock in excess of those issued will be available for issuance at such times and for such corporate purposes as the Board of Directors may deem advisable, without further action by our stockholders, except as may be required by applicable law or by the rules of any stock exchange or national securities association trading system on which the securities may be listed or traded. Upon issuance, such shares will have the same rights as the outstanding shares of Common Stock. Holders of Common Stock have no preemptive rights. The availability of additional shares of Common Stock is particularly important in the event that the Board of Directors determines to undertake any actions on an expedited basis and thus to avoid the time, expense and delay of seeking stockholder approval in connection with any potential issuance of Common Stock of which we have none contemplated at this time other than as discussed herein. 

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11389481 




We have no arrangements, agreements, understandings, or plans at the current time for the issuance or use of the additional shares of common stock proposed to be authorized. The Board of Directors does not intend to issue any common stock except on terms which the Board of Directors deems to be in the best interests of our company and its then existing stockholders.

Revenue recognition

 
Our source of revenues is from internet accelerator software, which includes new software license revenues and software plus hardware and maintenance arrangements, and the source of revenue of Jifu is from developing and distributing optical transmitters and receivers, electronic surveillance equipment, and other communications equipment; and trading of electronic products, network products, and communications equipment. We also engage in software research and development, GPS system development and website development projects along with maintenance arrangements.

   

We evaluate revenue recognition based on the criteria set forth in FASB ASC 985-605, Software: Revenue Recognition and Staff Accounting Bulletin (“SAB”) No. 101, Revenue Recognition in Financial Statements, as revised by SAB No. 104, Revenue Recognition.

 

 

Patents

The Company has three patents as listed in the table below relating to its internet accelerator software products. Fees related to registering these patents were insignificant and have been expensed as incurred.

Patent   Register Number   Issued By
Mach5 Internet Acceleration Software V.6.0   2007SR09253   National Copyright Administration of PRC
Mach5 Enterprise Acceleration Software V.3.3   2009SR058767   National Copyright Administration of PRC
Mach5 Web Browser Software   2010SR001089   National Copyright Administration of PRC

 


 

CEO Mr. Renyan Ge
Mr. Ge currently serves as the Chief Executive Officer of the Company and a member of the Board and has held those positions since 2011.
Effective December 31, 2015, the Board appointed Mr. Renyan Ge as Chairman of the Board.
 
Effective December 31, 2015, Mr. Strauss resigned as Executive Chairman and a member of the Board and from all positions at the Company’s subsidiaries,
http://ih.advfn.com/p.php?pid=nmona&article=69895031

CONTACT INQUIRY

 

 

 

XCLL

 
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XCLL
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#1824   I've been holding since earlier this year, trading SPM555 09/20/16 09:13:56 AM
#1823   You have hold this junk for 10 years? money2013 09/20/16 09:12:40 AM
#1822   That bid for a few million at .0007 SPM555 09/19/16 11:32:01 PM
#1821   Slowly pushing up .0009 then cross .0012 then M-invest 09/19/16 11:07:23 PM
#1820   I don't care what you think. I've been SPM555 09/19/16 09:26:56 PM
#1819   All of those words of wisdom for the money2013 09/19/16 05:28:16 PM
#1818   Nice tight spread, tightest it's been in a SPM555 09/19/16 04:42:06 PM
#1817   Someone successfully painted the tape this morning. Only money2013 09/19/16 10:05:54 AM
#1816   Perhaps Xcel could take a look at entering Monroe1 09/18/16 03:42:44 PM
#1815   I wish you were right. If you have money2013 09/14/16 10:41:14 PM
#1814   The volume was ZERO. it couldn't have gone money2013 09/14/16 10:38:40 PM
#1813   IMO you will eat your words on this SPM555 09/14/16 09:44:38 PM
#1812   I don't understand why Ihub doesn't show .0012 gmoney20 09/14/16 04:09:42 PM
#1811   and today $0. Not even the MM get money2013 09/14/16 03:15:36 PM
#1810   This junk moved $35 today. What a waste money2013 09/13/16 10:19:57 PM
#1809   We are very close to getting updates from BADALI 09/07/16 02:31:50 PM
#1808   I notice that many of the "players" involved Monroe1 09/07/16 01:32:13 PM
#1807   now that brings a smile to my face... Monroe1 09/07/16 01:24:49 PM
#1806   Heavy volume today of 0 (zero shares) to money2013 09/07/16 10:32:29 AM
#1805   I believe acquisition updates will be out soon BADALI 09/07/16 09:55:03 AM
#1804   Monroe1, you are 100% correct. This junk is money2013 09/06/16 11:25:56 PM
#1803   Before that 2 to 4 acquisitions are coming BADALI 09/06/16 11:14:21 PM
#1802   XCLL will be in good shape. I hope Monroe1 09/06/16 02:53:08 PM
#1801   Need to fill the GAP .0009 BADALI 09/06/16 02:03:46 PM
#1800   XCLL will buy out by AGTECH in near BADALI 09/06/16 01:44:43 PM
#1799   this patience game is getting old. price increase Monroe1 09/06/16 01:32:54 PM
#1798   yes i know...just others may get the wrong picture. Monroe1 09/06/16 12:34:18 PM
#1797   XCLL's market cap is only a fraction of SPM555 09/06/16 12:02:02 PM
#1796   To clarify.... AGTech could buy out xcll or Monroe1 09/06/16 11:41:03 AM
#1795   XCLL will end up with AGTech. BADALI 09/06/16 01:58:47 AM
#1794   The 8k that was released on Friday stated SPM555 09/05/16 07:28:25 PM
#1793   In March of this year, provider of technology BADALI 09/05/16 01:32:14 AM
#1792   .0014... quite a bit different than .14. SPM555 09/02/16 04:54:04 PM
#1791   $$ XCLL $$----Is the BAN LIFT next week?--I BONGWHOLE 09/02/16 03:47:09 PM
#1790   Just waiting on news, until then patient buyers SPM555 08/23/16 10:34:56 AM
#1789   Nice Shake BADALI 08/23/16 01:15:30 AM
#1788   what's wrong over here? Rainer 08/22/16 03:03:35 PM
#1787   .002 will be just the first stop, imo. SPM555 08/19/16 11:25:49 PM
#1786   Looks like it will blow soon and hit .002 BADALI 08/19/16 02:25:36 PM
#1785   XCLL Chart Bid.0005/5M /// Ask.0007/245K 10K-CANT imgoingfishing1 08/19/16 11:53:23 AM
#1784   Yeah, we'll need to continue to be patient, SPM555 08/19/16 09:59:55 AM
#1783   There is o movement here but Just BADALI 08/19/16 09:49:28 AM
#1782   Congrats to whomever was patiently bidding those 0006s SPM555 08/18/16 12:00:37 PM
#1781   Buy & hold some imo M-invest 08/17/16 01:21:16 PM
#1780   Definitely an 'if', however lots of speculation and SPM555 08/17/16 12:03:28 PM
#1779   Big "IF" no??? gmoney20 08/02/16 03:30:51 PM
#1778   Nice bid. SPM555 07/25/16 01:54:59 PM
#1777   Jiang suggested June’s lottery numbers would show “a Monroe1 07/21/16 09:28:55 AM
#1776   http://www.bloomberg.com/view/articles/2016-07-12/china-should-let-soccer-fans-g SPM555 07/17/16 08:10:14 PM
#1775   All I know is if this stock get powell7365 07/14/16 10:08:16 AM
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