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XcelMobility Inc (XCLL)

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Last Post: 3/14/2019 9:49:21 AM - Followers: 60 - 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

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PostSubject
#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
#3056   So you think it will go more lower Badali 02/17/19 05:01:25 PM
#3055   I have alerts set up to buy when Monroe1 02/17/19 05:00:46 PM
#3054   What is the auto pilot Badali 02/17/19 03:55:21 PM
#3053   sooner the better. I just put this ticker Monroe1 02/17/19 03:43:14 PM
#3052   This one will hit soon Badali 02/16/19 10:21:14 PM
#3051   well, and another stock is breaking records in Monroe1 02/15/19 06:22:44 PM
#3050   Someone has short this stock Possible some more positive Badali 02/15/19 03:15:10 PM
#3049   great article thanks. China wants to do something. Monroe1 02/14/19 04:01:12 PM
#3048   I think something is coming https://www.google.com/amp/s/www.washingtonpost.com Badali 02/14/19 03:54:37 PM
#3047   Negotiation will be over any day Both countries Badali 02/14/19 02:54:11 PM
#3046   right you are. Two things will make the Monroe1 02/14/19 10:40:10 AM
#3045   Key point is when will be next big Badali 02/08/19 09:33:04 PM
#3044   Not everyone; I'm not :)....holding for the next BONGWHOLE 02/08/19 09:07:43 PM
#3043   Lack of interest people are selling here Badali 02/08/19 12:28:26 PM
#3042   How the bid moves up and if holders Badali 02/05/19 12:25:12 PM
#3041   When is this turkey going to take off? bige777 02/05/19 11:46:59 AM
#3040   I will buy more if this hits .0001 Badali 01/31/19 11:02:09 AM
#3039   No volume and it is a lack of Badali 01/31/19 10:42:20 AM
#3038   Thanks axle1....Of course, if I hit it big BONGWHOLE 01/21/19 12:27:29 AM
#3037   You are right bong, American Green spiked for axle1 01/20/19 04:30:55 PM
#3036   This is absolutely true, Badali...I remember ERBB and BONGWHOLE 01/20/19 02:16:48 PM
#3035   I think it is down some people knew Badali 01/20/19 11:46:24 AM
#3034   I think you should re-read the post. axle1 01/20/19 11:42:24 AM
#3033   Let’s put this way why do you have Badali 01/19/19 07:29:47 PM
#3032   There is a huge difference between going from axle1 01/19/19 04:41:31 PM
#3031   It depend are you playing fundamental or technical Badali 01/19/19 12:27:50 PM
#3030   In order for the stock price to hit axle1 01/19/19 12:24:42 PM
#3029   Just time to add now if anyone have Badali 01/19/19 11:36:15 AM
#3028   Let's hope so. The globalist are making problems Monroe1 01/19/19 11:26:51 AM
#3027   Here is the link again: Bye Bye Trade War? Badali 01/18/19 10:27:56 PM
#3026   How bout that! Things looking up. Monroe1 01/18/19 08:10:15 PM
#3025   Bye Bye Trade War? China Plans $1 Trillion Badali 01/18/19 06:18:19 PM
#3024   Is this going to current pink now ? Insiders Badali 01/18/19 10:32:55 AM
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