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XcelMobility Inc (XCLL)

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Last Post: 10/17/2018 1:27:14 AM - Followers: 55 - 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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#2936   Still holding--sometimes, you have to go on your BONGWHOLE 10/17/18 01:27:14 AM
#2935   Bought another 300,000 shares today @ 0.0013. Great bige777 10/15/18 01:47:25 PM
#2934   Time to grab silently if anyone wants to Badali 10/14/18 11:28:33 PM
#2933   Good grab! Monroe1 10/12/18 05:12:07 PM
#2932   At least there was some volume today. I bige777 10/12/18 04:22:42 PM
#2931   Maybe Badali knows that. I have not heard Monroe1 10/09/18 06:22:20 PM
#2930   Any Japan news? What is the date? Growing moss 10/09/18 06:20:33 PM
#2929   No one wants to wait forever. Understood!! Guess Monroe1 10/09/18 11:33:42 AM
#2928   Hope something happens in my lifetime. Don't feel bige777 10/09/18 11:27:00 AM
#2927   This is my savings account so to speak. Monroe1 10/08/18 12:46:43 PM
#2926   Massive dumping means millions share dumped in one Badali 10/04/18 02:49:23 AM
#2925   Does your DD take into account the massive sandtrap246 10/04/18 02:41:14 AM
#2924   I have done my DD and according to Badali 10/03/18 01:04:13 PM
#2923   Out of curiosity, what is your basis for sandtrap246 10/03/18 02:32:06 AM
#2922   When the market react xcll will be at Badali 10/02/18 12:42:20 AM
#2921   Are you really saying that with a straight face? money2013 10/02/18 12:34:08 AM
#2920   Xcll will be another amazon Badali 10/02/18 12:15:47 AM
#2919   you know you have something good when the Monroe1 10/01/18 11:22:58 AM
#2918   yes it is, you showed up. Monroe1 10/01/18 11:21:22 AM
#2917   I have to take my hat off to money2013 09/29/18 03:32:05 PM
#2916   Jajajaja, yes they are coming from all over money2013 09/29/18 03:27:08 PM
#2915   That is a simple matter of time... each Monroe1 09/28/18 08:08:05 PM
#2914   I feel major groups are coming to hit Badali 09/28/18 02:01:51 PM
#2913   thumbs up and fingers crossed! Monroe1 09/28/18 01:42:51 AM
#2912   Next week is welcome to oct Badali 09/28/18 12:33:33 AM
#2911   who knows? we wait for china and japan Monroe1 09/27/18 02:23:42 PM
#2910   Only two trades today. When is something going bige777 09/27/18 01:26:56 PM
#2909   Japan online lottery will be in october Badali 09/27/18 11:01:38 AM
#2908   pretty good volume yesterday. Bottomed and going back Monroe1 09/26/18 02:20:55 PM
#2907   Why was the price so low yesterday? How bige777 09/25/18 04:31:59 PM
#2906   3rd time will be the charm; HOLD TIGHT! $$$XCLL$$ BONGWHOLE 09/21/18 11:38:14 AM
#2905   It is almost time for japan online lottery Badali 09/21/18 11:15:00 AM
#2904   Step by Step China coming closer. BY Steven Monroe1 09/20/18 09:40:55 PM
#2903   Shorts needs to cover up before the crazy run Badali 09/20/18 11:50:11 AM
#2902   I think there are a few desperate shorts. Monroe1 09/19/18 05:53:37 PM
#2901   so many eyes around the world are waiting... Monroe1 09/19/18 05:47:29 PM
#2900 insert LookForLuck 09/19/18 05:32:07 PM
#2899   Buy on the dips. One step at a Monroe1 09/19/18 12:54:35 PM
#2898   Really Badali 09/19/18 12:33:45 PM
#2897   Like before, I just add a little more Monroe1 09/19/18 11:39:14 AM
#2896   I can say stop selling at bid Badali 09/18/18 10:52:24 AM
#2895   Looks like they needed money for another stock. Monroe1 09/17/18 03:16:53 PM
#2894   Someone is looking shares and nice exchange here Badali 09/11/18 02:15:51 PM
#2893   I believe we are very close to lift Badali 09/07/18 09:33:35 PM
#2892   yesh, the surprise attack was not much of Monroe1 09/07/18 04:34:59 PM
#2891   Not much shares are available to buy here. Badali 09/07/18 03:54:50 PM
#2890   I think so, and with the recent shake Monroe1 09/07/18 11:35:49 AM
#2889   Monroe, this is an obvious move, in the BONGWHOLE 09/05/18 09:42:43 PM
#2888   Twice, this went near .005 in recent months...3rd BONGWHOLE 09/05/18 09:32:47 PM
#2887   Big shake but it is good I will Badali 09/05/18 06:50:39 PM