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XcelMobility Inc (XCLL)

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Last Post: 1/19/2020 12:16:00 PM - Followers: 59 - 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
#3274   A trade deal in both interests. This is Monroe1 01/19/20 12:15:59 PM
#3273   Phase One of Trump's Trade Deal Is a Badali 01/19/20 11:57:52 AM
#3272   small volume. end of year, beginning of new Monroe1 01/07/20 10:16:26 AM
#3271   Then who is selling here ? Badali 01/07/20 10:04:47 AM
#3270   Everyone is holding most of their shares especially Monroe1 01/06/20 09:45:38 PM
#3269   Let’s see if anyone dump and I can Badali 01/06/20 03:03:57 PM
#3268   China’s lottery market recorded a 12 per cent Monroe1 01/02/20 12:24:31 PM
#3267   Donald Trump says he will sign 'Phase One' Badali 01/01/20 07:13:03 AM
#3266   Yes, they do nothing. This is a pure Monroe1 12/27/19 09:35:17 AM
#3265   Why does a deal matter? How is xcll Dhawk969 12/27/19 12:26:25 AM
#3264   Yes, I saw where Jinping Pong will sign. Monroe1 12/26/19 09:18:53 AM
#3263   U.S., China to sign deal at White House: Badali 12/26/19 07:58:33 AM
#3262   US 'Very Confident' China Trade Deal To Be Badali 12/21/19 07:34:58 PM
#3261   US, China trade deal will get done in Badali 12/08/19 09:52:39 PM
#3260   That is for certain. It can happen and Monroe1 11/26/19 10:10:28 AM
#3259   Interesting. They could do it. One of these Monroe1 11/26/19 09:45:48 AM
#3258   Let’s see if xcll will Jump in crypto to Provide Badali 11/25/19 07:59:51 PM
#3257   Who knows It can be happen anytime anything in Badali 11/25/19 03:19:55 PM
#3256   Probably just after the New Year. It would Monroe1 11/25/19 08:13:59 AM
#3255   Trump says trade deal with China is 'very Badali 11/24/19 11:18:42 PM
#3254   One day they will do it. The Monroe1 11/23/19 03:19:28 PM
#3253   China's Xi says he wants to work out Badali 11/22/19 01:43:25 AM
#3252   https://bingoworld.co.uk/multilottos-uk-subsidiary-drops-ukgc-license-news/1736/ LookForLuck 11/14/19 11:56:30 AM
#3251   China will stall just like N.Korea to see Monroe1 11/11/19 02:21:19 PM
#3250   right. But affiliated US and UK lottery and Monroe1 11/01/19 04:29:27 PM
#3249   Monroe1: Bella Dog 10/29/19 04:31:01 PM
#3248   As long as the Chinese get serious and Monroe1 10/28/19 08:10:58 PM
#3247   Deal will be done in Mid November IMO Donald Trump Badali 10/12/19 11:38:34 PM
#3246   Trump Administration Weighs Economic Escalation Against China https://www.googl Badali 10/10/19 09:26:44 AM
#3245   Potential US-China trade deal boosts stock market By Richard Badali 10/10/19 12:58:00 AM
#3244   Stocks recover on US-China trade deal talks optimism Ben Badali 10/10/19 12:57:15 AM
#3243   Asia Open: Deja Vu all over again ANALYSIS / Badali 10/10/19 12:56:12 AM
#3242   US Visa Curbs On China Over Uighur Muslims Badali 10/10/19 12:55:17 AM
#3241   An opinion on Trump from CNBC, et al Kelke41 10/09/19 04:21:39 PM
#3240   'You don't do these things prior to negotiations,' Badali 10/09/19 12:27:02 PM
#3239   US-China trade talks to resume Thursday: White House AFP AFPOctober Badali 10/08/19 01:44:34 AM
#3238   The upcoming U.S.-China trade talks are huge https://www.google.com/amp/s/amp.ax Badali 10/04/19 11:28:55 PM
#3237   Kudlow says there could be some 'positive surprises' Badali 10/04/19 11:26:56 PM
#3236   10 th October is coming Badali 10/04/19 05:45:02 PM
#3235   I have a love/hate relationship with Christine LaGarde. Monroe1 10/04/19 04:51:18 PM
#3234   Still scissoring each other money2013 10/04/19 03:50:07 PM
#3233   How China can help Donald Trump keep his Badali 10/01/19 11:54:03 PM
#3232   Share are these shares coming from now All manipulation Big Badali 10/01/19 11:37:29 PM
#3231   Emerging markets could see ‘ferocious’ rally if US-China Badali 10/01/19 11:20:38 AM
#3230   How to Approach the October U.S.-China Trade Talks Katherine Badali 10/01/19 12:46:55 AM
#3229   Same here. Been holding many shares for years. Kelke41 09/30/19 04:28:18 PM
#3228   Yep AG tech works with Alibaba Play the merge Badali 09/30/19 04:26:29 PM
#3227   I would say yes. They still own the Kelke41 09/30/19 04:21:29 PM
#3226   I have a good amount of shares and wayhea99 09/30/19 04:18:43 PM
#3225   I see this is from 2015/2016...are they still wayhea99 09/30/19 04:17:22 PM
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