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XcelMobility Inc (XCLL)

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Last Post: 12/15/2017 12:47:11 PM - Followers: 51 - Board type: Free - Posts Today: 0

A/S increased to 4.2B 5/18/2016

****** O/S 660,553,090 shares a/o May 13, 2016 At Par Value .001****

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. 

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.




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,






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#2352   All shares are holding insider here China updates are Badali 12/15/17 12:47:11 PM
#2351   BEST PLAY HERE SIT AND WAIT IT WILL seriousonly 12/13/17 10:58:21 AM
#2350   This junky remains the very same as last year. money2013 12/11/17 01:54:41 PM
#2349   Watching now and will get in when I Badali 12/09/17 03:43:16 PM
#2348   Then it will be run crazy when ban Badali 12/06/17 10:06:56 PM
#2347   Lifting the suspension is gonna be what it Monroe1 12/06/17 06:18:24 PM
#2346   Mostly insiders I can say that as there Monroe1 12/06/17 06:16:30 PM
#2345   Who is holding all shares Nothing is showing Badali 12/06/17 12:39:37 PM
#2344   yes, getting interesting. Lifting that ban will take Monroe1 12/05/17 12:55:13 PM
#2343   Exciting times ahead without a doubt. Monroe1 12/05/17 11:02:55 AM
#2342   That is an encouraging sign Kelke41. It is Monroe1 12/05/17 11:01:16 AM
#2341   Looking some action here Bid and ask are Badali 11/30/17 01:27:45 PM
#2340   It's getting close: Kelke41 11/28/17 11:09:06 PM
#2339   This article can out early in the year. Monroe1 11/19/17 09:26:52 AM
#2338   China lottery business will explode and chase will Badali 11/17/17 09:46:16 PM
#2337   here or elsewhere? This is the way I Monroe1 11/17/17 12:14:58 PM
#2336   Looks like something is coming up Looking interesting Badali 11/17/17 12:08:57 PM
#2335   keep a few on the table! Good luck Monroe1 11/02/17 03:24:31 PM
#2334   Out here and looking another play Badali 11/02/17 01:31:57 AM
#2333   Latest lottery numbers for sports betting: Kelke41 10/30/17 08:39:23 AM
#2332   $$XCLL $$--once the ban is lifted this will BONGWHOLE 10/27/17 10:43:13 PM
#2331   The Chinese lottery market recorded sales growth of Monroe1 10/27/17 12:10:44 PM
#2330   for many years they wanted to do that. Monroe1 10/24/17 05:59:21 PM
#2329   I don't know. Monroe1 10/24/17 05:56:44 PM
#2328   TEXAS WANTS TO PASS CASINOS BECAUSE THE TRIED seriousonly 10/24/17 03:24:46 PM
#2327   Not sure when China will lift the ban Badali 10/24/17 02:19:38 PM
#2326   China Welfare and Sports lotteries bring in massive Monroe1 10/24/17 10:48:33 AM
#2325   Who knows about China? Let's see what will happen Badali 10/24/17 06:13:42 AM
#2324   PRAYING CHINA NEXT seriousonly 10/23/17 02:27:17 PM
#2323   JAPAN PASSES LOTTERY ! seriousonly 10/23/17 02:25:23 PM
#2322   Nice ask block wall Badali 10/20/17 03:48:27 PM
#2321   CHINA CONGRESS IN SESSION IN MINUTE KABOOM seriousonly 10/19/17 11:32:13 AM
#2320   Yes with China govt updates it will be huge Badali 10/18/17 02:13:46 PM
#2319   TARGETS ARE GUESSES- IT WILL BE HUGE seriousonly 10/18/17 12:08:20 PM
#2318   Xcll double digit pennies easily Target .85 Badali 10/18/17 11:07:41 AM
#2317   CONGRESS STARTED THIS MORNING! seriousonly 10/18/17 08:37:18 AM
#2316   Looking here to add now Not a too much Badali 10/17/17 02:44:32 PM
#2315   I will stay away now Badali 10/12/17 03:58:04 PM
#2314   I think lower prices bought we share are Badali 10/11/17 06:20:06 PM
#2313   Nothing about what I saw looked like dilution, SPM555 10/11/17 04:52:36 PM
#2312   So company is diluting the shares or someone Badali 10/11/17 04:46:14 PM
#2311   Someone accumulating a few more shares since they SPM555 10/11/17 02:43:14 PM
#2310   Why was such a big volume yesterday ? Watching Badali 10/11/17 10:23:46 AM
#2309   TIME TO ROCK AND ROLL seriousonly 10/10/17 10:51:41 AM
#2308   This dog woke up? money2013 10/10/17 10:30:28 AM
#2307   New 26 week high hit. SPM555 10/10/17 10:28:50 AM
#2306   So incredibly thin, not much left under .002 SPM555 10/10/17 10:21:01 AM
#2305   I think you are referring to the Seventh Kelke41 10/02/17 12:30:15 PM
#2304   CONGRESS STARTS IN 8 DAYS seriousonly 10/02/17 11:39:36 AM
#2303   Companies are getting creative and gearing up. Monroe1 09/27/17 06:36:18 PM