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XcelMobility Inc (XCLL)

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Last Post: 10/21/2016 2:20:11 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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Current Price
Bid Ask Day's Range
#1882   Ditto! SPM555 10/21/16 02:20:11 PM
#1881   XCLL is really shaping up, getting a lil NewBreedd 10/21/16 12:50:14 PM
#1880   Now we're talking! Big ole bid now. SPM555 10/20/16 03:54:08 PM
#1879   Looking nice with that bid. Xcll NewBreedd 10/20/16 11:42:08 AM
#1878   Agreed. Could be tomorrow it gets a PR SPM555 10/19/16 04:29:07 PM
#1877   could come at any moment although for some Monroe1 10/19/16 03:07:48 PM
#1876   $XCLL$---PATIENCE!!--this is gonna BLOW UP hard !!!! $$$$$$$$$ BONGWHOLE 10/19/16 11:23:11 AM
#1875   I like our chances of going to .01+, SPM555 10/19/16 11:01:16 AM
#1874   Have you done any homework on it? I SPM555 10/19/16 10:59:49 AM
#1873   I'm looking forward to XCLL making a major NewBreedd 10/19/16 10:57:17 AM
#1872   CAPITAL LETTERS BECUSE OF MY EYES seriousonly 10/19/16 10:56:48 AM
#1871   MOVING UP SOON ? seriousonly 10/19/16 10:54:40 AM
#1870   I HOPE THIS WILL BE A VERY MAJOR seriousonly 10/19/16 10:48:36 AM
#1869   A BIG PROFIT COMMING seriousonly 10/19/16 10:45:50 AM
#1868   Nice buys let's keep it going !! Very thin MADDSTACKER 10/19/16 10:10:37 AM
#1867   So Wang sold to Wei and Wang will Monroe1 10/18/16 02:56:01 PM
#1866   IMO I doubt it's to scare people, if SPM555 10/18/16 02:47:28 PM
#1865   Someone keep flashing that 8 mil, guessing to NewBreedd 10/18/16 01:35:11 PM
#1864   Loading :) MADDSTACKER 10/18/16 11:57:10 AM
#1863   Agreed. Getting some whackers out and the NewBreedd 10/18/16 11:55:47 AM
#1862   I like the fact that the CEO has SPM555 10/18/16 10:05:36 AM
#1861 BONGWHOLE 10/17/16 10:10:09 PM
#1860   And the bid upticked to .0013 for 500k SPM555 10/17/16 04:16:31 PM
#1859   Lots of filings... Kelke41 10/17/16 04:15:43 PM
#1858   Nice day, 0014s was getting slapped into the closing NewBreedd 10/17/16 04:05:13 PM
#1857   Yes sir, glad I'm not the only one SPM555 10/17/16 12:19:11 PM
#1856   XCLL keeps climbing slowly, she will break loose NewBreedd 10/17/16 12:09:49 PM
#1855   Future stock M-invest 10/16/16 10:52:11 PM
#1854   I'm thinking the same thing and looking forward SPM555 10/15/16 09:57:39 AM
#1853   XCLL is starting to coil up tight, once NewBreedd 10/14/16 08:18:08 PM
#1852   Looking better and better everyday we manage to SPM555 10/13/16 04:38:44 PM
#1851   Nothing going on here ........ gmoney20 10/11/16 12:13:27 PM
#1850   I think a lot more excitement is to SPM555 10/10/16 03:06:59 PM
#1849   So after owning this for so long, its gmoney20 10/07/16 01:20:05 PM
#1848   $$ XCLL $$---this will shoot up when you BONGWHOLE 10/07/16 11:27:49 AM
#1847   Very nice to see the little spike in SPM555 10/06/16 02:36:06 PM
#1846   Moving nicely .0012 X .0016 M-invest 10/06/16 01:55:16 PM
#1845   We are on our way. Lets go XCLL NewBreedd 10/06/16 11:32:39 AM
#1844   I like the way you think.. it just SPM555 10/05/16 08:55:48 PM
#1843   With the new CEO XCLL have, I think NewBreedd 10/05/16 06:19:12 PM
#1842   .0011 x .0012 today at the close. Looks SPM555 10/05/16 04:49:02 PM
#1841   12 million bid now at 0008, that's quite SPM555 10/04/16 03:34:43 PM
#1840   Monster bid in. Hope we quietly run to NewBreedd 10/04/16 01:34:12 PM
#1839   They should change the company name to MONTANA. money2013 10/04/16 12:13:35 AM
#1838   yes, competition is heating up in anticipation of Monroe1 10/03/16 11:19:54 AM
#1837   ok, sounds good perhaps. I would stay away Monroe1 10/02/16 11:44:52 PM
#1836   What is the chance of an update from Monroe1 10/02/16 11:19:04 PM
#1835   I'd wager the same thing as well, though SPM555 10/02/16 08:08:09 PM
#1834   Holding .0050 + January 2017 , my assumption M-invest 10/02/16 01:36:19 PM
#1833   The move to .0016 was all cosmetic, it SPM555 10/01/16 03:58:19 PM