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XcelMobility Inc (XCLL)

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Last Post: 6/13/2018 5:32:46 PM - Followers: 54 - 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
#2774   No one wants to sell. October is not Badali 06/13/18 05:32:46 PM
#2773   up 67% today. but just a smattering of Monroe1 06/13/18 02:00:06 PM
#2772   good strength lately... other China players have rallied too. Monroe1 06/13/18 01:46:27 PM
#2771   Time to clean under penny now Badali 06/12/18 10:52:05 AM
#2770   Time to clean u see penny Badali 06/12/18 10:43:10 AM
#2769   October with japan online lottery .10 possible Badali 06/12/18 10:19:16 AM
#2768   The last rally up to .005 basically cleared SPM555 06/12/18 09:42:27 AM
#2767   Xcll on move slowly slowly Japan in October and Badali 06/11/18 11:06:30 AM
#2766   "Oui, cher" BONGWHOLE 06/08/18 09:48:02 PM
#2765   Laissez les bon temps rouler! Monroe1 06/08/18 02:16:36 PM
#2764   Bid will go higher with millions Badali 06/08/18 01:55:58 PM
#2763   A huge potential here. All big companies are desperate Badali 06/08/18 01:55:09 PM
#2762   April’s sports lottery operations totaled RMB22b, a 12.7% Monroe1 06/08/18 12:23:15 PM
#2761   BE PREPARED!!!--the lift is definitely coming; too much BONGWHOLE 06/05/18 07:32:13 PM
#2760   Anytime ban can be lift Xcll Badali 06/05/18 05:50:18 PM
#2759   Last sentence from your posted article "Now, China Monroe1 06/05/18 02:52:21 PM
#2758   Sell me your share who want to sell Badali 06/05/18 10:58:06 AM
#2757   China lottery ban will be lift anytime now Badali 06/05/18 10:56:50 AM
#2756   The World's Second Largest Lottery -- In China Badali 06/05/18 10:18:24 AM
#2755   Now, China Vanguard’s new agreements shows expectations for Badali 06/05/18 10:17:26 AM
#2754   Something is coming up Badali 06/05/18 09:48:08 AM
#2753   been with this company ... well i forgot Monroe1 05/30/18 10:06:10 AM
#2752   How much patience do you think is needed bige777 05/29/18 10:39:38 PM
#2751   No one is giving up their long held Monroe1 05/29/18 03:15:59 PM
#2750   Hold your shares and let them to break Badali 05/29/18 09:38:09 AM
#2749   Moving highs with low volume is a game Badali 05/29/18 09:30:32 AM
#2748   And won't go with heavy volume until China Monroe1 05/28/18 01:15:08 PM
#2747   Not only that. This ticker has not moved money2013 05/26/18 02:09:41 AM
#2746   Right, I have seen stocks shorted below .0015. Monroe1 05/24/18 08:43:07 PM
#2745   Nobody either on this board or outside of money2013 05/24/18 12:25:55 PM
#2744   Thanks for the input. You opinion is valued. Monroe1 05/24/18 10:22:35 AM
#2743   Still? 69ing each other. For this to see money2013 05/20/18 02:40:10 PM
#2742   Company needs to update shareholder about their business Badali 05/15/18 09:24:00 PM
#2741   Maybe we will get some update from the Monroe1 05/15/18 07:04:11 PM
#2740   Xcll will hit definitely above than $1.08 historical Badali 05/15/18 05:49:01 PM
#2739   I think China will be monitoring very closely Monroe1 05/15/18 05:44:51 PM
#2738   It is very positive movement and let’s see Badali 05/15/18 03:15:23 PM
#2737   The GLMS plans to clean up illegal esports Monroe1 05/15/18 12:51:32 PM
#2736   WE are edging up overall. Low float, no Monroe1 05/14/18 03:28:07 PM
#2735   Xcll has bright future . They can make Badali 05/14/18 03:21:26 PM
#2734   So Xcel could break into the US market Monroe1 05/14/18 03:19:04 PM
#2733   While not in this moment affecting us except Monroe1 05/14/18 03:17:27 PM
#2732   Supreme Court allows states to legalize sports betting, Badali 05/14/18 01:51:25 PM
#2731   When it happens it will happen big. Remember Monroe1 05/14/18 01:10:54 PM
#2730   Xcll hopefully break penny before the upcoming June Badali 05/12/18 06:47:30 AM
#2729   https://calvinayre.com/2018/04/26/business/china-sports-lottery-world-cup/ Co BONGWHOLE 05/11/18 10:00:52 PM
#2728   EASY penny. Has been a dollar plus when Monroe1 05/11/18 12:34:09 PM
#2727   Waiting for this monster to wake up. XCLL NewBreedd 05/10/18 09:50:37 PM
#2726   yes sirreee Bad. Just watched it on Al Monroe1 05/08/18 04:43:02 PM
#2725   Iran deal: Donald Trump says US will no Badali 05/08/18 04:37:11 PM
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