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XcelMobility Inc (XCLL)

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Last Post: 12/7/2016 11:05:38 PM - 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

 

 

 

XCLL

 
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#1916   You missed to mentioned that was it at money2013 12/07/16 11:05:38 PM
#1915   $ XCLL $...based on where this stock was BONGWHOLE 12/06/16 09:13:04 PM
#1914   OK, now I'm convinced it is the comedy club. money2013 12/06/16 07:23:24 PM
#1913   Yep, and as that announcement draws nearer and SPM555 12/06/16 06:26:57 PM
#1912   $$ XCLL $$-- HIGHER LOWS!!--"CLEAN' & STEADY, UPWARDS BONGWHOLE 12/06/16 04:06:42 PM
#1911   Strap, chewing, churning, are you guys from the money2013 12/05/16 06:46:26 PM
#1910   We are rolling, I'm strapped in for NewBreedd 11/30/16 10:58:22 PM
#1909   Paint job. money2013 11/30/16 06:30:35 PM
#1908   $$ XCLL $$ could be sooner than BONGWHOLE 11/30/16 04:21:40 PM
#1907   Copy that. Thx. money2013 11/30/16 01:17:02 PM
#1906   well, so far.... I have been with this Monroe1 11/30/16 12:55:55 PM
#1905   More like saying I have a nail in money2013 11/29/16 10:08:44 PM
#1904   So far this move reminds me of how SPM555 11/29/16 12:07:39 PM
#1903   $$ XCLL $$----HIGHER lows !!! BONGWHOLE 11/29/16 11:15:10 AM
#1902   Any Time Now TurningPoint 11/28/16 01:15:44 PM
#1901   You've got to be new to this garbage stock. money2013 11/27/16 08:11:48 PM
#1900   Xcll is holding strong Blue flag 11/27/16 01:01:39 AM
#1899   LOL - As it consolidates beautifully at 52 SPM555 11/25/16 04:07:20 PM
#1898   How is that chewing going? Taking time to digest...???? money2013 11/24/16 09:50:21 PM
#1897   Incredible action again, we're steadily chewing through the SPM555 11/22/16 03:28:00 PM
#1896   10 Q is out. money2013 11/20/16 09:23:20 AM
#1895   Pretty amazing day, love to see this begin SPM555 11/17/16 04:07:25 PM
#1894   Xcll is going to 01+ under the radar NewBreedd 11/17/16 12:53:36 PM
#1893   Danggg, looking so good right now! Getting excited! SPM555 11/17/16 11:37:26 AM
#1892   $ XCLL $--this will never see 000's again! $XCLL$ BONGWHOLE 11/17/16 10:01:57 AM
#1891   $ XCLL $--this will never see 000's again! $XCLL$ BONGWHOLE 11/17/16 10:01:46 AM
#1890   .0015 x .0018 - even printed a .002 SPM555 11/17/16 09:47:22 AM
#1889   We are getting close now, ready for the NewBreedd 11/13/16 11:38:09 PM
#1888   Locked and loaded. Let her rip. $XCLL$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Monroe1 11/08/16 12:04:48 PM
#1887   $$ XCLL $$--THIS IS PRIMING FOR TAKE OFF BONGWHOLE 11/08/16 10:36:27 AM
#1886   $$ XCLL $$--THIS IS PRIMING FOR TAKE OFF BONGWHOLE 11/08/16 10:36:21 AM
#1885   WE are getting so close to the Chinese Monroe1 11/01/16 11:00:13 AM
#1884   480 million is low float? LOL. This company money2013 10/30/16 01:04:13 PM
#1883   Once some ask slapping takes place this should NewBreedd 10/28/16 11:49:36 AM
#1882   Ditto! SPM555 10/21/16 02:20:11 PM
#1881   XCLL is really shaping up, getting a lil NewBreedd 10/21/16 12:50:14 PM
#1880   Now we're talking! Big ole bid now. SPM555 10/20/16 03:54:08 PM
#1879   Looking nice with that bid. Xcll NewBreedd 10/20/16 11:42:08 AM
#1878   Agreed. Could be tomorrow it gets a PR SPM555 10/19/16 04:29:07 PM
#1877   could come at any moment although for some Monroe1 10/19/16 03:07:48 PM
#1876   $XCLL$---PATIENCE!!--this is gonna BLOW UP hard !!!! $$$$$$$$$ 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
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