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XcelMobility Inc (XCLL)

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Last Post: 11/17/2017 9:46:16 PM - Followers: 51 - 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

 

 

 

XCLL

 
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PostSubject
#2338   China lottery business will explode and chase will Badali 11/17/17 09:46:16 PM
#2337   here or elsewhere? This is the way I Monroe1 11/17/17 12:14:58 PM
#2336   Looks like something is coming up Looking interesting Badali 11/17/17 12:08:57 PM
#2335   keep a few on the table! Good luck Monroe1 11/02/17 03:24:31 PM
#2334   Out here and looking another play Badali 11/02/17 01:31:57 AM
#2333   Latest lottery numbers for sports betting: https://www.ggrasia.com/sport-bettin Kelke41 10/30/17 08:39:23 AM
#2332   $$XCLL $$--once the ban is lifted this will BONGWHOLE 10/27/17 10:43:13 PM
#2331   The Chinese lottery market recorded sales growth of Monroe1 10/27/17 12:10:44 PM
#2330   for many years they wanted to do that. Monroe1 10/24/17 05:59:21 PM
#2329   I don't know. Monroe1 10/24/17 05:56:44 PM
#2328   TEXAS WANTS TO PASS CASINOS BECAUSE THE TRIED seriousonly 10/24/17 03:24:46 PM
#2327   Not sure when China will lift the ban Badali 10/24/17 02:19:38 PM
#2326   China Welfare and Sports lotteries bring in massive Monroe1 10/24/17 10:48:33 AM
#2325   Who knows about China? Let's see what will happen Badali 10/24/17 06:13:42 AM
#2324   PRAYING CHINA NEXT seriousonly 10/23/17 02:27:17 PM
#2323   JAPAN PASSES LOTTERY ! seriousonly 10/23/17 02:25:23 PM
#2322   Nice ask block wall Badali 10/20/17 03:48:27 PM
#2321   CHINA CONGRESS IN SESSION IN MINUTE KABOOM seriousonly 10/19/17 11:32:13 AM
#2320   Yes with China govt updates it will be huge Badali 10/18/17 02:13:46 PM
#2319   TARGETS ARE GUESSES- IT WILL BE HUGE seriousonly 10/18/17 12:08:20 PM
#2318   Xcll double digit pennies easily Target .85 Badali 10/18/17 11:07:41 AM
#2317   CONGRESS STARTED THIS MORNING! seriousonly 10/18/17 08:37:18 AM
#2316   Looking here to add now Not a too much Badali 10/17/17 02:44:32 PM
#2315   I will stay away now Badali 10/12/17 03:58:04 PM
#2314   I think lower prices bought we share are Badali 10/11/17 06:20:06 PM
#2313   Nothing about what I saw looked like dilution, SPM555 10/11/17 04:52:36 PM
#2312   So company is diluting the shares or someone Badali 10/11/17 04:46:14 PM
#2311   Someone accumulating a few more shares since they SPM555 10/11/17 02:43:14 PM
#2310   Why was such a big volume yesterday ? Watching Badali 10/11/17 10:23:46 AM
#2309   TIME TO ROCK AND ROLL seriousonly 10/10/17 10:51:41 AM
#2308   This dog woke up? money2013 10/10/17 10:30:28 AM
#2307   New 26 week high hit. SPM555 10/10/17 10:28:50 AM
#2306   So incredibly thin, not much left under .002 SPM555 10/10/17 10:21:01 AM
#2305   I think you are referring to the Seventh Kelke41 10/02/17 12:30:15 PM
#2304   CONGRESS STARTS IN 8 DAYS seriousonly 10/02/17 11:39:36 AM
#2303   Companies are getting creative and gearing up. Monroe1 09/27/17 06:36:18 PM
#2302   The Great Wall was funded by the lottery...it's Kelke41 09/26/17 01:49:04 PM
#2301   The Asia culture has always been known for Monroe1 09/26/17 11:00:29 AM
#2300   Corruption is brutal over there. On top of Kelke41 09/26/17 10:52:35 AM
#2299   Yes, this a beast when unleashed. It is Monroe1 09/26/17 10:47:40 AM
#2298   Yes, NK could affect this but as unpredictable Kelke41 09/26/17 10:33:52 AM
#2297   I'll drink to that! Kelke41 09/26/17 10:18:22 AM
#2296   Soon we party boys. https://tonydunhamblog.wordpress.com/2014/02/ Monroe1 09/26/17 10:10:02 AM
#2295   Looks like China is coming along. I think Monroe1 09/25/17 05:50:14 PM
#2294   Starts on October 18th. Usually runs for 7 Kelke41 09/25/17 10:57:40 AM
#2293   I FEEL MAYBE HOPING XCLL WILL BE MASSIVE seriousonly 09/24/17 07:57:22 PM
#2292   WISH I HAD STAYED IN seriousonly 09/24/17 07:56:17 PM
#2291   READY TO GO NORTH seriousonly 09/24/17 07:55:46 PM
#2290   hello seriousonly 09/24/17 07:55:10 PM
#2289   China's lottery sales up 13.1 pct in August http://news.xinhuanet.com/english/ Kelke41 09/23/17 10:00:50 AM
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