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XcelMobility Inc (XCLL)

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Last Post: 12/17/2018 9:30:16 AM - Followers: 57 - 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

 

 

 

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PostSubject
#2987   I never thought about that. Interesting. That would Monroe1 12/17/18 09:30:16 AM
#2986   So that mean xcll will be buy out Badali 12/17/18 05:17:31 AM
#2985   I think it is 500.com , i mentioned Monroe1 12/16/18 08:03:32 PM
#2984   What is contract with other company you mentioned Badali 12/15/18 06:01:59 PM
#2983   It is ok let them to sell Which company Badali 12/15/18 04:06:35 PM
#2982   Don't know, but other stocks have suffered as Monroe1 12/15/18 02:04:07 PM
#2981   So who sold when you said som one Badali 12/15/18 01:38:01 PM
#2980   No, I have only added. I will wait Monroe1 12/15/18 11:07:24 AM
#2979   What contract are you talking about? axle1 12/15/18 08:42:34 AM
#2978   You sold i think xcll is out of Badali 12/15/18 03:05:51 AM
#2977   Yea lowest price in last 2 yrs .0004/5/6 M-invest 12/13/18 01:34:50 PM
#2976   52 week low today, looks thin on way up Rainer 12/13/18 01:32:36 PM
#2975   .0005 if you don't , buy this .0006 imo M-invest 12/13/18 12:35:08 PM
#2974   I bought .0006 and holding M-invest 12/13/18 11:58:11 AM
#2973   Not much happening. Just a waiting laggard now. Monroe1 12/13/18 10:41:46 AM
#2972   No volume and ridiculously low price. Who is bige777 12/12/18 10:44:46 PM
#2971   A trade deal will happen. Dust will settle. Monroe1 12/11/18 02:33:45 PM
#2970   MarketWatch MARKET EXTRA Treasury yields rise as U.S.-China trade talk Badali 12/11/18 08:44:38 AM
#2969   What do you mean by your post? axle1 12/06/18 12:49:36 PM
#2968   Time is up now Badali 12/06/18 11:30:40 AM
#2967   When it hits it hits and it will Monroe1 12/04/18 08:57:51 PM
#2966   Ready for the big run now From .0055 to Badali 12/04/18 12:23:53 PM
#2965   Top Chinese Lottery Officials Paraded After Possible $20 Badali 12/01/18 12:39:25 PM
#2964   AGS / Legalising online lottery in China would Badali 12/01/18 12:29:03 PM
#2963   Battle for shares now Badali 11/30/18 01:45:37 PM
#2962   Xcll will be ten tones easily Badali 11/30/18 12:49:44 PM
#2961   Whoever is dumping and trying to get more Badali 11/30/18 09:43:01 AM
#2960   Who is dumping shares at 0.0009? What's wrong bige777 11/29/18 01:16:28 PM
#2959   I have 2 milly and been holding for BONGWHOLE 11/28/18 07:57:51 PM
#2958   Patience will pay big here if anyone try Badali 11/28/18 03:28:14 AM
#2957   Stock price dropped substantially and there is very bige777 11/27/18 11:16:42 PM
#2956   So they are on final stage to security Badali 11/26/18 09:26:06 AM
#2955   So AgTech continues to open the door...."opportunities to Monroe1 11/26/18 08:06:22 AM
#2954   Try not to Loose your shares Badali 11/23/18 11:03:45 AM
#2953   Alibaba wants xcll! ? Badali 11/23/18 10:04:29 AM
#2952   Majority traders have no idea what is coming Badali 11/23/18 10:03:04 AM
#2951   Some updates from China Badali 11/23/18 09:48:25 AM
#2950   China and USA will make a deal. It Monroe1 11/19/18 10:32:46 AM
#2949   USA and China talk is gong forward Deal Badali 11/18/18 04:13:29 AM
#2948   Yes I did not read about penalty yet. I Badali 11/02/18 11:58:44 AM
#2947   Perhaps China Ge will announce increased penalties for Monroe1 11/02/18 11:56:08 AM
#2946   Well keep building ask and it will never Badali 10/30/18 04:11:02 PM
#2945   Buy at ask if you want to run Badali 10/30/18 03:54:00 PM
#2944   China is cleaning all mess Ministry of Finance of Badali 10/30/18 01:49:50 PM
#2943   It will be huge when China govt react Badali 10/29/18 03:34:46 PM
#2942   I tried adding some 0009s Friday, but we're BONGWHOLE 10/29/18 11:34:05 AM
#2941   Add if and how much you can if Badali 10/28/18 10:08:00 AM
#2940   Read the updates China just made decision only authorized Badali 10/28/18 10:06:40 AM
#2939   I thought something great was supposed to happen bige777 10/28/18 09:52:52 AM
#2938   No one wants to sell here Just people Badali 10/23/18 03:20:27 PM
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