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XcelMobility Inc (XCLL)

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Last Post: 2/17/2017 11:57:25 AM - Followers: 50 - 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
  • Website: http://www.xcelmobility.com
    Phone: (650) 320-1728
    Email: [email protected]

 

 

 

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PostSubject
#2027   One thing about it.... it has to happen Monroe1 02/17/17 11:57:25 AM
#2026   Xcll : .002 breaking is coming anytime soon SMART STOCK 02/17/17 10:23:30 AM
#2025   $ XCLL $ ---people are holding their shares BONGWHOLE 02/14/17 01:00:17 PM
#2024   Yes, and you can best believe, WEI is BONGWHOLE 02/10/17 02:12:50 AM
#2023   They converted $100,000 salary amount in 50m shares SMART STOCK 02/10/17 01:50:44 AM
#2022   $ XCLL $----yes, at a conversion salary of BONGWHOLE 02/10/17 01:49:44 AM
#2021   Salary Kelke41 02/09/17 07:51:00 PM
#2020   Think I saw a Form 4 where Wei Monroe1 02/09/17 05:32:14 PM
#2019   $XCLL$----time to MOVE UP !!!! BONGWHOLE 02/09/17 04:45:02 PM
#2018   Macau GGR growth likely to speed up in SMART STOCK 02/08/17 12:06:55 AM
#2017   $$ XCLL $$---the quoted section below, from today's BONGWHOLE 02/07/17 09:29:48 PM
#2016   My discomfort with this ticket it's been that money2013 02/07/17 09:04:29 PM
#2015   No worries, but my previous statements still stand DeRailed 02/07/17 08:53:44 PM
#2014   Derailed, I apologize. That was for a different board. money2013 02/07/17 08:47:12 PM
#2013   There are no bad MMs here either...the very DeRailed 02/07/17 05:36:42 PM
#2012   $$ XCLL $$---OBVIOUSLY, from the report below, this BONGWHOLE 02/07/17 05:19:11 PM
#2011   It will continue to dry up. We are money2013 02/07/17 05:17:52 PM
#2010   Why such low volume today? DeRailed 02/07/17 05:06:14 PM
#2009   Yes and it is good. money2013 02/07/17 03:09:04 PM
#2008   Anyone notice the 8K? DeRailed 02/07/17 02:24:44 PM
#2007   We, longs, believe this is a multi dollar money2013 02/06/17 10:16:30 AM
#2006   Thanks, looks pretty stable, but I do hate Monroe1 02/06/17 09:37:32 AM
#2005   Monroe I've been on OWC$ since .0047. Come money2013 02/05/17 10:18:18 PM
#2004   keep your eye on the PRIZE---BIG PRIZE !! BONGWHOLE 02/03/17 12:36:58 PM
#2003   Been here longer than most. But other tickers Monroe1 02/03/17 12:28:53 PM
#2002   May be closer than we think!---online lottery was BONGWHOLE 02/03/17 12:18:11 PM
#2001   Saw this the other day... we have to Monroe1 02/02/17 04:57:30 PM
#2000   http://www.igaming365.com/index.php/industry-news/331-online-lottery-to-grow-4-5 BONGWHOLE 02/01/17 09:32:25 PM
#1999   http://calvinayre.com/2017/01/23/business/china-sports-lottery-double-digit-gain BONGWHOLE 02/01/17 09:30:17 PM
#1998   https://www.reviewed-casinos.com/news/chinas-online-lottery-market-growth-path/ BONGWHOLE 02/01/17 09:27:46 PM
#1997   CHINA SAID BEFORE THE 2020 BECASUE THE OLYMICS seriousonly 02/01/17 04:41:16 PM
#1996   in addition to China lottery reinstallation, if we Monroe1 01/30/17 09:13:28 PM
#1995   I think all shares dried up under .002 Only SMART STOCK 01/29/17 05:08:30 PM
#1994   think i will just hang on a few Monroe1 01/29/17 03:48:07 PM
#1993   China online lottery ban can be release anytime SMART STOCK 01/29/17 11:20:30 AM
#1992   Xcll is buy put babe. Who will jump Google SMART STOCK 01/28/17 08:29:49 PM
#1991   Been here over 6 years. This will be Monroe1 01/27/17 03:21:56 PM
#1990   WE ARE ALL WAITING!!!!!!!!!!!!! money2013 01/24/17 09:45:24 PM
#1989   $$ XCLL $$ BONGWHOLE 01/24/17 12:49:45 PM
#1988   $$ XCLL $$--CHINA IS NEXT !! BONGWHOLE 01/24/17 12:45:00 PM
#1987   Yeap, this is churning away. money2013 01/19/17 12:54:36 PM
#1986   I fully believe this will be a game SPM555 01/10/17 05:33:08 PM
#1985   http://www.newschannel10.com/story/34090456/online-lottery-market-in-china-2016- BONGWHOLE 01/10/17 11:14:21 AM
#1984   Spread is getting tighter and some larger blocks SPM555 01/10/17 11:01:04 AM
#1983   jajjaja. I thought you would not spend energy money2013 01/09/17 09:14:14 PM
#1982   You must be pretty miserable to go out SPM555 01/09/17 09:04:34 PM
#1981   So kids, still kidding yourselves? What is it money2013 01/09/17 08:43:38 PM
#1980   Setting up beautifully under .002 resistance, break that SPM555 01/04/17 10:17:44 AM
#1979   So typical right after the holiday. Most traders Monroe1 01/03/17 11:52:01 PM
#1978   Nice volume today to start the year. money2013 01/03/17 06:21:08 PM
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