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XcelMobility Inc (XCLL)

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Last Post: 11/6/2020 11:23:18 AM - Followers: 58 - 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
#3319   Alert : XCLL can blow anytime now due Badali 11/06/20 11:23:18 AM
#3318   Looks interesting here Bid and ask are very tight Badali 10/07/20 03:34:43 PM
#3317   That is why I am really closely watching Badali 10/06/20 02:24:37 AM
#3316   yes they can. I have missed a few Monroe1 10/05/20 07:20:57 PM
#3315   I will be back into it to add Badali 10/05/20 06:07:23 PM
#3314   They had a link with Apple I do Monroe1 10/02/20 05:12:38 PM
#3313   I can not find out but I am Badali 10/02/20 03:46:45 PM
#3312   Not much to do but hang on. Interesting Monroe1 10/02/20 03:44:13 PM
#3311   It is purely dead now Not interested in this Badali 09/08/20 06:22:20 PM
#3310   They are a shell and haven’t made any Kelke41 09/08/20 05:19:36 PM
#3309   Do you think XCLL would implement a stock Bella Dog 09/08/20 04:14:04 PM
#3308   It’s been happening sporadically for months now. Kelke41 08/28/20 04:29:14 PM
#3307   High Volume today. Not sure what that means. Bella Dog 08/28/20 02:32:30 PM
#3306   Any news or updates. Bella Dog 08/24/20 01:46:36 PM
#3305   XCLL stock as it currently sits is almost axle1 07/24/20 11:16:32 AM
#3304   So way back a few years ago I Quinny 07/22/20 11:18:49 AM
#3303   These days have been happening for months now. Kelke41 07/01/20 05:02:51 PM
#3302   Volume: 1,999,998. Something has to be going Bella Dog 07/01/20 04:56:01 PM
#3301   https://news.cgtn.com/news/2019-09-25/Companies-betting-on-China-s-36-billion-on Bella Dog 06/23/20 02:00:29 PM
#3300   $XCLL THANK YOU mick 06/11/20 11:11:31 PM
#3299   It turned into a crap shoot. Hard to Monroe1 06/11/20 05:41:53 PM
#3298   $XCLL IS THIS AH SHELL ????? mick 06/11/20 05:33:02 PM
#3297   XcelMobility Inc (PK (XCLL) mick 06/11/20 05:32:20 PM
#3296   $XCLL worth some lunch money ????? mick 06/11/20 05:32:10 PM
#3295   Seems like it’s been going on quietly for Kelke41 06/09/20 11:43:48 AM
#3294   Hi: Again another 1,000,000 Volume selling or Bella Dog 06/09/20 10:27:31 AM
#3293   Boy I hope so! Kelke41 06/08/20 03:28:36 PM
#3292   Why the high volume today? Is something brewing? Bella Dog 06/08/20 03:26:15 PM
#3291   One day hopefully this will break open. None Monroe1 05/27/20 01:07:25 PM
#3290   That would be great I could retire. Bella Dog 05/27/20 12:20:06 PM
#3289   good find. Things could get real exciting here. Monroe1 05/26/20 01:00:26 PM
#3288   Watch now Ali Baba is active I believe xcll will Badali 05/26/20 12:48:09 PM
#3287   Looks like it to me. Monroe1 05/15/20 03:30:43 PM
#3286   Check out UAPC...maybe same thing??? Kelke41 05/15/20 12:47:57 PM
#3285   Someone has been steadily accumulating. I understand Contrarian Monroe1 05/15/20 12:06:07 PM
#3284   Hey there Bella. Looks like all bets are Monroe1 04/30/20 10:59:54 PM
#3283   Hey Monroe: Bella Dog 04/20/20 01:30:22 PM
#3282   6 trades today and look at that volume. damn. Monroe1 04/13/20 09:50:29 PM
#3281   It would be spectacular if the company would Monroe1 03/30/20 12:06:18 PM
#3280   If Corona is not enough to get the Monroe1 03/22/20 02:42:58 PM
#3279   https://calvinayre.com/2020/03/04/business/china-january-lottery-sales-plunge/ LookForLuck 03/04/20 10:54:46 PM
#3278   Those sales are huge compared to what the Monroe1 02/20/20 07:25:18 PM
#3277   https://www.igamingbusiness.com/news/chinese-lottery-sales-fall-175-2019 Someth Kelke41 02/20/20 06:05:12 PM
#3276   Two good things recently... well, one good, one Monroe1 02/13/20 09:48:57 AM
#3275   China Lottery Sales Up Again Monroe1 01/28/20 12:37:09 PM
#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
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