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XcelMobility Inc (XCLL)

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Last Post: 1/22/2018 12:11:54 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
#2418   The Chinese government knows they have to re-authorize Monroe1 01/22/18 12:11:54 PM
#2417   I SMELL A BAN LIFT SOON--VERY SOON!!!!--$$XCLL$$ BONGWHOLE 01/22/18 10:58:47 AM
#2416   Xcll has nice volume now Bid and ask has Badali 01/22/18 09:51:21 AM
#2415   Xcll Chase is start now Buy and hold China Badali 01/22/18 09:46:42 AM
#2414   Going to break historical highs $1.08 in long term Badali 01/22/18 09:32:03 AM
#2413   52 week high!!! Here we go, off to bige777 01/22/18 01:49:21 AM
#2412   Looking to hits .0065 then .015 After that .10 Badali 01/20/18 11:08:32 AM
#2411   .0023 is new highs Badali 01/19/18 10:39:06 PM
#2410   Xcll will looks hot and sexy when crossed Badali 01/19/18 10:38:32 PM
#2409   Looking SEXY! SPM555 01/19/18 03:55:28 PM
#2408   Indeed 0022 was the previous 52 week high, SPM555 01/19/18 03:24:52 PM
#2407   I believe we have a new 52 week high. Kelke41 01/19/18 11:58:15 AM
#2406   Xcll .0065 then .01 plus Slowly slowly before the storm Badali 01/19/18 09:25:06 AM
#2405   Here's another one from 2 days ago regarding Kelke41 01/18/18 05:52:07 PM
#2404   Very interesting. ty SPM555 01/18/18 05:01:00 PM
#2403   2 DAYS AGO : BONGWHOLE 01/18/18 03:46:34 PM
#2402   http://www.gamingzion.com/lotto/china BONGWHOLE 01/18/18 03:41:57 PM
#2401   https://calvinayre.com/2017/11/14/business/china-lottery-firms-waiting-online-sa BONGWHOLE 01/18/18 03:40:12 PM
#2400   Or very possible before the Winter Olympics in BONGWHOLE 01/18/18 03:36:40 PM
#2399   This is good news. WE are much closer Monroe1 01/18/18 03:09:34 PM
#2398   Xcll crossed the average 10 days volume today Badali 01/18/18 02:40:44 PM
#2397   Xcll .0065 have only 250k shares Badali 01/18/18 01:30:23 PM
#2396   Time to build the bid and move the Badali 01/18/18 01:12:34 PM
#2395   China online lottery ban will be lifted soon Hopefully Badali 01/18/18 01:01:52 PM
#2394   China will restart online lottery sales https://www.casinoz.club/news/china-wil Badali 01/18/18 10:46:10 AM
#2393   China’s lottery firms still waiting for Beijing to Badali 01/18/18 10:32:34 AM
#2392   Link? SPM555 01/18/18 10:25:32 AM
#2391   China offers more hints re restarting online lottery sales Badali 01/18/18 10:24:49 AM
#2390   Spread is tight at .002 x .0021 - SPM555 01/18/18 10:02:25 AM
#2389   Before the news Xcll will be rocket in Badali 01/18/18 08:52:49 AM
#2388   Once news of the lottery ban lift, this BONGWHOLE 01/17/18 05:50:13 PM
#2387   Right now .005 is coming up soon here Long Badali 01/17/18 12:30:18 PM
#2386   $$XCLL$$---I've been here too, for about 3/4 years---This BONGWHOLE 01/17/18 11:52:40 AM
#2385   Sorry bout that, your statement appeared that way. Monroe1 01/17/18 11:40:34 AM
#2384   Flipper? Been holding this junk for 5 years. money2013 01/17/18 11:36:16 AM
#2383   A year after the Chinese govt. returns to Monroe1 01/17/18 10:46:22 AM
#2382   Save that for the Chinese central authority. They Monroe1 01/17/18 10:39:54 AM
#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
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