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XcelMobility Inc (XCLL)

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Last Post: 4/28/2017 1:36:11 PM - Followers: 51 - 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

 

 

 

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PostSubject
#2140   Has anyone tried calling them? Kelke41 04/28/17 01:36:11 PM
#2139   Any PR would work just fine. Nice to Monroe1 04/28/17 01:23:26 PM
#2138   Mgmt is sleeping and they are just trying SMART STOCK 04/27/17 08:08:33 PM
#2137   Hello XCLL management... read below, and enter. Let's Monroe1 04/26/17 04:45:02 PM
#2136   Let me know where is bottom so I SMART STOCK 04/25/17 03:47:38 PM
#2135   I nominated XCLL for one of the China Monroe1 04/24/17 11:43:28 AM
#2134   Did you get to talk to HQ? If Monroe1 04/24/17 11:41:48 AM
#2133   and this: Monroe1 04/21/17 03:15:55 PM
#2132   http://www.gamingintelligence.com/lottery/42365-agtech-plots-chinese-online-lott BONGWHOLE 04/19/17 03:41:22 PM
#2131   grab a few myself, good move. Monroe1 04/19/17 02:22:57 PM
#2130   Picked up an additional 70k today. GLTU. XCLL winboy01 04/19/17 01:36:19 PM
#2129   Lol, taxes...but I guess I should have made Monroe1 04/19/17 12:59:21 PM
#2128   Taxes or Texas?i think you are talking about SMART STOCK 04/19/17 06:20:11 AM
#2127   taxes first! Could be we hear something Monroe1 04/19/17 02:46:00 AM
#2126   Great just find out so we can arrange SMART STOCK 04/19/17 02:42:55 AM
#2125   There was a press release back in October Monroe1 04/19/17 02:26:14 AM
#2124   Which consulting company? Can you lease explain more SMART STOCK 04/19/17 01:57:23 AM
#2123   the consulting company hired by the government should Monroe1 04/19/17 01:51:11 AM
#2122   Buy more whatever anyone can. Insider as holding SMART STOCK 04/19/17 01:43:53 AM
#2121   Management is great.And Strauss still helping out too. Monroe1 04/19/17 01:38:06 AM
#2120   NO 10K on this junk yet? I wish money2013 04/18/17 10:58:47 PM
#2119   China has no option to lift the ban SMART STOCK 04/13/17 07:27:47 PM
#2118   https://www.dowjones.com/scoops/alibabas-financial-services-affiliate-raising-up BONGWHOLE 04/13/17 06:20:52 PM
#2117   http://www.dgap.de/dgap/News/corporate/agtech-announces-alipay-lottery-channel-a BONGWHOLE 04/13/17 05:57:44 PM
#2116   HEADQUARTERS IN CALIFORNIA AND CHINA SAID WILL START seriousonly 04/13/17 05:39:08 PM
#2115   HEADQUARTERS IN CALIFORNIA AND CHINA SAID WILL START seriousonly 04/13/17 05:39:08 PM
#2114   Trying to get in now and watching. SMART STOCK 04/11/17 09:54:24 PM
#2113   ** ACCUMMULATE! ACCUMULATE! $XCLL$ BONGWHOLE 04/10/17 08:45:44 PM
#2112   Doesn't exist. This is a POS management and money2013 04/10/17 07:52:54 PM
#2111   Ok. What is estimated date I mean month SMART STOCK 04/10/17 04:46:25 PM
#2110   There is, but that info in not public. Monroe1 04/10/17 12:59:20 PM
#2109   Is there any exact date when China will SMART STOCK 04/10/17 12:24:34 PM
#2108   near the bottom. China will renew the online Monroe1 04/10/17 10:32:48 AM
#2107   What does mean we are near the bottom. Where SMART STOCK 04/10/17 04:07:23 AM
#2106   He must have got tired, sold with the Monroe1 04/09/17 09:30:46 PM
#2105   Xcll looks ugly but I will try to SMART STOCK 04/06/17 07:58:13 PM
#2104   No worries, mate!-XCLL-JUST A MATTER OF TIME; BANK BONGWHOLE 04/06/17 07:50:48 PM
#2103   No worries, mate!-XCLL-JUST A MATTER OF TIME; BANK BONGWHOLE 04/06/17 07:50:47 PM
#2102   No worries, mate!-XCLL-JUST A MATTER OF TIME; BANK BONGWHOLE 04/06/17 07:49:29 PM
#2101   All this because a donkey put up that NewBreedd 04/06/17 01:52:41 PM
#2100   Agree I knew someone is purposely taking down to SMART STOCK 04/04/17 08:19:48 PM
#2099   NO PROBLEM!----I have been there before, on this BONGWHOLE 04/04/17 04:09:43 PM
#2098   Xcll is giving good time to entry but SMART STOCK 04/04/17 03:10:05 PM
#2097   Xcll good time to buy when it is SMART STOCK 04/04/17 02:09:46 AM
#2096   Xcll China lottery growth in February http://www.gamingintelligence.com/lottery/ SMART STOCK 04/04/17 02:00:50 AM
#2095   This is really big XCLL http://www.wtva.com/story/34443756/online-lottery-in-chi SMART STOCK 04/04/17 01:55:31 AM
#2094   APRIL 2017, will be the 2 year mark BONGWHOLE 04/03/17 01:54:30 PM
#2093   http://vietnamgaming.vn/en/asia/other/mainland-china-lottery-sales-soar-in-febru BONGWHOLE 04/03/17 01:51:13 PM
#2092   Me too...the cart is loaded and will remain so! Kelke41 04/03/17 12:20:36 PM
#2091   NO SELLING, for me!------I'll be here till the BONGWHOLE 04/03/17 12:09:45 PM
PostSubject