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XcelMobility Inc (XCLL)

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Last Post: 1/16/2018 3:10:35 PM - Followers: 52 - Board type: Free - Posts Today: 6

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

 

 

 

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PostSubject
#2381   Teally Badali 01/16/18 03:10:35 PM
#2380   All volume at .002 Badali 01/16/18 10:38:15 AM
#2379   Nice volume Buying and holding time now Badali 01/16/18 10:24:16 AM
#2378   Xcll boom .002 is now on bid .0025 break Badali 01/16/18 10:16:36 AM
#2377   Xcll .0025 is coming up here soon Badali 01/16/18 10:10:28 AM
#2376   Xcll double digit penny without any question Badali 01/16/18 09:34:30 AM
#2375   Outsiders does have that much shares . I Badali 01/14/18 06:42:50 PM
#2374   This turd move $1,151 on Friday. There is money2013 01/14/18 05:36:55 PM
#2373   Been holding this and watching closely for well SPM555 01/11/18 03:26:23 PM
#2372   Keeps going up!!! bige777 01/11/18 02:16:53 PM
#2371   Well one thing for sure it is only Monroe1 01/09/18 12:46:47 PM
#2370   Trading very well lately. Methinks things get interesting SPM555 01/09/18 11:02:05 AM
#2369   Great updates. I believe ban is going to Badali 01/06/18 07:25:31 PM
#2368   From Technavio the independent researh firm dated Jan.13 Monroe1 01/06/18 07:06:57 PM
#2367   Well that time it will cross is historical Badali 01/01/18 11:31:35 PM
#2366   Winter Olympics in a month and a half. bige777 12/31/17 10:12:39 PM
#2365   That was just a gtc order that was SPM555 12/29/17 10:28:14 AM
#2364   Ask is at .0018 and this desperate for NewBreedd 12/29/17 09:46:41 AM
#2363   Coming updates anytime now Badali 12/29/17 09:29:42 AM
#2362   Obviously this will run when China updates and SPM555 12/28/17 09:27:57 PM
#2361   Agreed!! Encouraging for a change. bige777 12/28/17 06:51:26 PM
#2360   Highest close in 9 months, should start to SPM555 12/28/17 04:34:38 PM
#2359   Some nice action here today. I think with SPM555 12/28/17 02:39:49 PM
#2358   I think they are weeding out the corruption Monroe1 12/27/17 09:53:43 AM
#2357   That's the million dollar question. Nobody really knows Kelke41 12/22/17 12:44:15 PM
#2356   In my opinion, No. Hope to be wrong. money2013 12/22/17 12:42:18 PM
#2355   Any real hope of getting lottery approval before bige777 12/22/17 12:29:45 PM
#2354   $$$$ wise is insignificant. I have said repeatedly. The money2013 12/20/17 10:50:25 AM
#2353   Starting to see some volume. Any news? bige777 12/20/17 10:16:03 AM
#2352   All shares are holding insider here China updates are Badali 12/15/17 12:47:11 PM
#2351   BEST PLAY HERE SIT AND WAIT IT WILL seriousonly 12/13/17 10:58:21 AM
#2350   This junky remains the very same as last year. money2013 12/11/17 01:54:41 PM
#2349   Watching now and will get in when I Badali 12/09/17 03:43:16 PM
#2348   Then it will be run crazy when ban Badali 12/06/17 10:06:56 PM
#2347   Lifting the suspension is gonna be what it Monroe1 12/06/17 06:18:24 PM
#2346   Mostly insiders I can say that as there Monroe1 12/06/17 06:16:30 PM
#2345   Who is holding all shares Nothing is showing Badali 12/06/17 12:39:37 PM
#2344   yes, getting interesting. Lifting that ban will take Monroe1 12/05/17 12:55:13 PM
#2343   Exciting times ahead without a doubt. Monroe1 12/05/17 11:02:55 AM
#2342   That is an encouraging sign Kelke41. It is Monroe1 12/05/17 11:01:16 AM
#2341   Looking some action here Bid and ask are Badali 11/30/17 01:27:45 PM
#2340   It's getting close: https://calvinayre.com/2017/11/28/business/china-hints-res Kelke41 11/28/17 11:09:06 PM
#2339   This article can out early in the year. Monroe1 11/19/17 09:26:52 AM
#2338   China lottery business will explode and chase will Badali 11/17/17 09:46:16 PM
#2337   here or elsewhere? This is the way I Monroe1 11/17/17 12:14:58 PM
#2336   Looks like something is coming up Looking interesting Badali 11/17/17 12:08:57 PM
#2335   keep a few on the table! Good luck Monroe1 11/02/17 03:24:31 PM
#2334   Out here and looking another play Badali 11/02/17 01:31:57 AM
#2333   Latest lottery numbers for sports betting: https://www.ggrasia.com/sport-bettin Kelke41 10/30/17 08:39:23 AM
#2332   $$XCLL $$--once the ban is lifted this will BONGWHOLE 10/27/17 10:43:13 PM
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