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XcelMobility Inc (XCLL)

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Last Post: 8/20/2018 4:06:31 PM - Followers: 56 - 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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#2875   exactly Monroe1 08/20/18 04:06:31 PM
#2874   Well they need to find out the way Badali 08/20/18 01:49:38 PM
#2873   Yes, the tax from the sales will in Monroe1 08/20/18 09:43:52 AM
#2872   I would say that must be location based Badali 08/18/18 05:58:23 PM
#2871   Asian Review, "Some analysts believe a key factor Monroe1 08/18/18 01:38:34 PM
#2870   Forbes in June wrote: Monroe1 08/18/18 01:34:19 PM
#2869   I would advise anyone and all, to BUY BONGWHOLE 08/16/18 09:45:02 PM
#2868   I believe when this goes it will be massive seriousonly 08/16/18 05:58:50 PM
#2867   Welcome back! Kelke41 08/16/18 05:56:15 PM
#2866   good luck to all seriousonly 08/16/18 05:55:30 PM
#2865   glad to be back seriousonly 08/16/18 05:55:08 PM
#2864   any info on when the bill gets past seriousonly 08/16/18 05:53:38 PM
#2863   hello seriousonly 08/16/18 05:53:10 PM
#2862   Shake is over here and note is just Badali 08/16/18 03:36:37 PM
#2861   Ask is very thin now Badali 08/16/18 02:37:20 PM
#2860   Xcll can we see .015 now with that Badali 08/16/18 01:01:17 PM
#2859   Almost 5 m volume Who got those shares? Badali 08/16/18 12:59:15 PM
#2858   Yes there is no guarantee if gets shares Badali 08/16/18 11:05:04 AM
#2857   I do not have pm and I can Badali 08/16/18 11:03:14 AM
#2856   Not much selling here Just blocking the road Badali 08/15/18 12:16:28 PM
#2855   Very nice adding at this level . More interest Badali 08/13/18 06:52:58 PM
#2854   1.63 mil for me, now, and counting..... BONGWHOLE 08/13/18 06:23:14 PM
#2853   Today we have a little more volume and Badali 08/13/18 05:32:31 PM
#2852   But japan online lottery is coming in October Badali 08/13/18 10:05:08 AM
#2851   I don't know but it has to be Monroe1 08/13/18 09:59:28 AM
#2850   Is there any clue what is tie between Badali 08/13/18 09:53:00 AM
#2849   Got this from an article on AG Tech: “Given Kelke41 08/13/18 07:42:04 AM
#2848   Do you know what exactly shares are in Badali 08/11/18 11:56:51 AM
#2847   Just checking in on my gem. still holding NewBreedd 08/11/18 04:03:27 AM
#2846   The chart is coiled like a rattle snake Monroe1 08/10/18 03:12:27 PM
#2845   CANT will get smothered eventually. Monroe1 08/09/18 02:54:31 PM
#2844   CANT needs to move the ask higher at .015 Badali 08/09/18 11:28:27 AM
#2843   CANT need shares Blocking at ask at .0047 Badali 08/09/18 10:19:59 AM
#2842   I would say stay alert Anything happen anytime Limited Badali 08/09/18 10:18:33 AM
#2841   .005 now, what's next? Up 34%. Come on Monroe1 08/09/18 09:58:32 AM
#2840   Nice trading Badali 08/08/18 12:47:00 PM
#2839   I've been in this for 3-4 years now, BONGWHOLE 08/07/18 12:58:36 PM
#2838   They can buy some of mine next year. Monroe1 08/07/18 11:54:44 AM
#2837   Selling means they will lose their shares Badali 08/07/18 11:54:10 AM
#2836   They can call me Little Rocket Man in Monroe1 08/07/18 11:49:09 AM
#2835   Xcll will fly easily .50 and it will Badali 08/07/18 11:47:50 AM
#2834   they sell a little, then get back in Monroe1 08/07/18 11:47:26 AM
#2833   slow creep up... good sign, right what I Monroe1 08/07/18 11:45:07 AM
#2832   Someone here is looking shares very badly and Badali 08/07/18 11:39:29 AM
#2831   We will hear soon . Be ready .006 is Badali 08/07/18 03:53:08 AM
#2830   The increasing (albeit still small) volume seen over Monroe1 08/03/18 10:32:37 AM
#2829   Let them to get out and they will Badali 08/02/18 09:23:14 AM
#2828   China Life July 31, 2018 Monroe1 08/01/18 01:39:12 PM
#2827   If flippers want in they have to do Monroe1 08/01/18 01:07:49 PM
#2826   Be ready some big things are coming up. Badali 07/30/18 11:03:45 AM