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XcelMobility Inc (XCLL)

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Last Post: 3/28/2017 2:56:22 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

 

 

 

XCLL

 
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#2088   I'm with ya there. Someday she is gonna Monroe1 03/28/17 02:56:21 PM
#2087   possibly tomorrow---who knows ?????----We could wake up in BONGWHOLE 03/22/17 08:50:07 PM
#2086   Philipines cranking back up the online gambling licenses Monroe1 03/22/17 07:49:26 PM
#2085   Is this thing alive? Maybe next December? money2013 03/22/17 01:21:50 PM
#2084   Grabbed a few tickets today, thanks! XCLL winboy01 03/21/17 05:35:29 PM
#2083   Sell off today. Maybe more coming but overall Monroe1 03/21/17 04:46:19 PM
#2082   I bought in at .0002/.0003, April 2016, and BONGWHOLE 03/21/17 04:27:12 PM
#2081   .002s will look cheap, once this hit .003s BONGWHOLE 03/21/17 04:17:25 PM
#2080   Xcll is really shaping up. Looks like 003s NewBreedd 03/20/17 07:48:12 PM
#2079   XCLL really shaping up, looks like 003s will NewBreedd 03/20/17 07:46:55 PM
#2078   A lot of eyes on Xcll Not sure when SMART STOCK 03/20/17 03:51:02 PM
#2077   I wish I can add 1 m more SMART STOCK 03/20/17 03:36:22 PM
#2076   I think I first bot into this back Monroe1 03/20/17 03:00:49 PM
#2075   Under .002 already cleaned here Ask need to move SMART STOCK 03/17/17 10:47:24 AM
#2074   I have wish too if I can have SMART STOCK 03/16/17 10:52:48 PM
#2073   oh without any doubt. And when income starts Monroe1 03/16/17 10:27:28 PM
#2072   after lift the ban Xcll will be easily SMART STOCK 03/16/17 07:31:03 PM
#2071   Needless to say about this suspension lifting getting Monroe1 03/16/17 09:18:27 AM
#2070   Here is Yahoo claimed 61% insiders holding SMART STOCK 03/14/17 06:53:09 PM
#2069   OTC website has different number.In last two years SMART STOCK 03/14/17 06:48:47 PM
#2068   No kidding. I knew it had to be Monroe1 03/14/17 12:00:24 PM
#2067   Waiting for that As per yahoo data insiders are SMART STOCK 03/13/17 06:41:25 PM
#2066   Just about any news and we leg up. Monroe1 03/13/17 05:26:24 PM
#2065   In earlier fillings they mentioned they are focus On SMART STOCK 03/13/17 09:35:07 AM
#2064   I think they can anywhere in the world SMART STOCK 03/09/17 06:12:05 PM
#2063   I like that Japan possibility. Greater disposable income. Monroe1 03/09/17 05:10:57 PM
#2062   I think Japan Huge SMART STOCK 03/09/17 02:33:08 PM
#2061   Since they are in more than just the Monroe1 03/08/17 05:14:54 PM
#2060   Hopefully I will get more share at my SMART STOCK 03/07/17 03:36:25 PM
#2059   They have 2 or 3 auditions due as SMART STOCK 03/07/17 02:57:22 PM
#2058   I have to believe there won't be any Kelke41 03/07/17 02:40:22 PM
#2057   Xcll very low volume and waiting for updates Next SMART STOCK 03/07/17 01:45:45 PM
#2056   It is overdue now Hits are coming at .004 SMART STOCK 03/06/17 01:15:23 PM
#2055   Come now China Govt. Monroe1 03/06/17 10:16:26 AM
#2054   XCLL partnered with China Mobil to provide the Kelke41 03/03/17 03:53:48 PM
#2053   AG is using Alibaba online platform in China SMART STOCK 03/03/17 03:12:19 PM
#2052   yes, exciting times ahead. In 18 days we Monroe1 03/02/17 08:34:24 AM
#2051   Xcll nice updates with 8k Exciting time is ahead SMART STOCK 03/01/17 02:34:25 PM
#2050   These guys have been a "going concern" for Kelke41 03/01/17 02:32:28 PM
#2049   XcelMobility Inc. (OTCMKTS:XCLL) Files An 8-K Changes in trendmkr 03/01/17 02:07:40 PM
#2048   In general as industry . It is industry related future SMART STOCK 03/01/17 01:10:16 PM
#2047   I agree. Unless they know something re China Kelke41 03/01/17 01:01:35 PM
#2046   I think it would be wise for XCLL Monroe1 03/01/17 12:55:52 PM
#2045   How is this connected to XCLL or are Monroe1 03/01/17 12:52:55 PM
#2044   Xcll future is brilliant Here we go https://maltaigamingsummit.com/latest-news/g SMART STOCK 03/01/17 11:47:55 AM
#2043   Xcll next break is .0053 then .01 plus SMART STOCK 03/01/17 11:22:46 AM
#2042   Xcll has ask now at .0022 with 550000 SMART STOCK 02/28/17 01:44:53 PM
#2041   Ask .0019 Now SMART STOCK 02/28/17 11:51:42 AM
#2040   My baby growing up, doesn't want to be NewBreedd 02/28/17 10:47:16 AM
#2039   More buying pressure will be here Xcll will SMART STOCK 02/28/17 10:46:57 AM
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