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XcelMobility Inc (XCLL)

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Last Post: 5/23/2019 2:13:05 PM - Followers: 59 - 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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PlusOneCoin Top Posts
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#3108   BUY time imo M-invest 05/23/19 02:13:05 PM
#3107   .0008/.0010 watch M-invest 05/23/19 02:08:27 PM
#3106   Xcll never had anything to offer. Management is money2013 05/14/19 12:29:18 PM
#3105   This morning (Tuesday May 14), someone made a axle1 05/14/19 12:25:02 PM
#3104   This is going nowhere. Only a couple of money2013 05/12/19 03:00:39 PM
#3103   Hong Kong-listed lottery supplier AGTech Holdings will explore Monroe1 05/09/19 01:55:51 PM
#3102   Good, maybe China will get off their duff Monroe1 05/06/19 11:11:53 AM
#3101   Trump vows new tariff hike on Chinese goods, Badali 05/06/19 09:51:19 AM
#3100   I have small amount of xcll shares here And Badali 05/02/19 01:14:25 PM
#3099   What is your source for this information? axle1 05/02/19 07:43:50 AM
#3098   More activity in China Lottery related stocks. Monroe1 05/01/19 04:31:58 PM
#3097   Not sure May be Badali 04/29/19 07:26:59 PM
#3096   6.57 mill on the bid, 2.5 on the Monroe1 04/29/19 04:08:35 PM
#3095   Not sure It may be go no bid or Badali 04/20/19 04:25:25 PM
#3094   Unfortunately XCLL has not released any financials (as axle1 04/18/19 10:54:02 AM
#3093   The China financial sector stocks are on fire bige777 04/18/19 07:24:59 AM
#3092   slow day tax day one day we may Monroe1 04/15/19 07:20:09 PM
#3091   Anything is expecting here Badali 04/15/19 06:30:06 PM
#3090   Maybe the Chinese/American group I communicated with and Monroe1 04/15/19 12:10:37 PM
#3089   Possible group is trying to get in now Badali 04/15/19 11:27:07 AM
#3088   someone bot a bunch a couple days ago. Monroe1 04/15/19 11:26:32 AM
#3087   Anything possible here again and anytime Badali 04/15/19 11:23:52 AM
#3086   Oversight tightening on Welfare lottery for more transparency Monroe1 04/13/19 03:49:32 PM
#3085   500.com been nudging up appears someone is accumulating. Monroe1 04/12/19 09:02:01 PM
#3084   Possible Badali 04/12/19 09:38:22 AM
#3083   If it is insiders buying, they know what Monroe1 04/11/19 11:10:51 AM
#3082   Interesting Volume breaking out Badali 04/11/19 09:34:09 AM
#3081   interesting action. Monroe1 04/10/19 01:47:44 PM
#3080   I noticed it too. China deal is getting Monroe1 04/04/19 10:50:36 PM
#3079   I can see a little activity here. Someone Badali 04/04/19 10:47:30 PM
#3078   Certainly the trade talks are getting closer with Monroe1 03/30/19 10:52:01 AM
#3077   Chinese shares surge more than 3 percent as Badali 03/29/19 08:39:38 PM
#3076   USA and China Trade talk Boom https://www.google.com/amp/s/www.cnbc.com/amp/20 Badali 03/29/19 08:36:48 PM
#3075   with the awarding of these deals this marks Monroe1 03/14/19 09:49:21 AM
#3074   Yes, I just saw this. Monroe1 03/14/19 09:47:29 AM
#3073   Looking better all the time. Monroe1 03/14/19 09:46:22 AM
#3072   https://www.gamingintelligence.com/lottery/51354-agtech-wins-china-sports-lotter BONGWHOLE 03/13/19 12:36:25 AM
#3071   http://www.macaubusiness.com/ags-legalising-online-lottery-in-china-would-bring- BONGWHOLE 03/13/19 12:35:37 AM
#3070   Here is a reminder of one company who Monroe1 03/05/19 12:44:05 PM
#3069   China’s lottery market saw Monroe1 03/05/19 12:34:40 PM
#3067   Most of us here bought back when the Monroe1 02/26/19 12:59:37 PM
#3065   Market makers are manipulating Badali 02/26/19 12:53:18 PM
#3064   Adding bit by bit. GLTA Monroe1 02/25/19 03:21:58 PM
#3063   :) BONGWHOLE 02/19/19 02:37:40 PM
#3062   Which is a excellent paraphrasing of the quote axle1 02/19/19 12:38:41 PM
#3061   :) ..NO WORRIES !!! BONGWHOLE 02/19/19 12:20:56 PM
#3060   This morning 2/19, someone purchased 100 shares of axle1 02/19/19 11:22:41 AM
#3059   yes, I see no dilution. Only players flipping. Monroe1 02/17/19 05:17:14 PM
#3058   You can buy only if any one sells There Badali 02/17/19 05:07:23 PM
#3057   oh not really. I just get the alert Monroe1 02/17/19 05:04:44 PM