Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The Browns probably but hope not!! The otc is so full of surprises. Kind of like politics.
made some good money in this back then in one account. overall I am ahead but down $1400 in another account. Would like to recoup that loss. The gain in the other two accounts have put me ahead epecially since those profits put me into other stocks that have profited.
I was actually able to communicate with Strauss when he was CEO out there in Frisco. This canadian china crew has been tight lipped. How nice would it be to see them become current.
What will come first: The Cleveland Browns in the Superbowl or XCll hitting .01?
Shorts took this down
Nothing else here
It has a lot of potential to make huge run
Badali:
.02 would be a great run! Volume crazy again today.
If I remember right the "all time " high for XCLL is somewhere around $1.09 a share. Are you seriously expecting the price to go this high and if you are, what is you logic and data for forecasting this. XCLL has not posted any financials in over 5 years so how would one even attempt to forecast a price. In addition can anyone explain why the XCLL domain name is for sale for about $250. Did the company change its name or it now really just an empty shell
Shorts bought at .0063 and .007 then took this down
Touched the bottom and let the next wave to hit .02
I hope so... lots of chatter on every social media platform. Been holding this for years. A nice run would be soooo nice
Okay XCll stock owners. Will the stock break any historic records today? When will it hit a .01 penny?
Huge spike and breaking the previous historical highs in near future.
Wish granted!!
ALL I ASK FOR ALL I PRAY IS FOR XCLL TO HAVE A BIG DAY!
$xcll I've made money on all @cdntradegrljenn tips! Lets see how this ages. https://t.co/ORN7LnOw40
— Alexander Delarge 655321 (@AlexDelarge6553) January 28, 2021
Xcll broke the resistance and breaking penny now
Target to break .51 first then dollar
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 2010
Revenue Recognition for Software Products (Software Elements)
New software license revenues represent fees earned from granting customers licenses to download our software products that aim at improving the internet connection speed of the mobile phone, computers or servers. The basis for software license revenue recognition is substantially governed by the accounting guidance contained in ASC 985-605, Software-Revenue Recognition. For software license that do not require significant modification or customization of the underlying software, we recognize new software license revenues when: (1) we enter into a legally binding arrangement with a customer for the license of software; (2) we deliver the products; (3) the sale price is fixed or determinable and free of contingencies or significant uncertainties; and (4) collection is probable. Revenues that are not recognized at the time of sale because the foregoing conditions are not met are recognized when those conditions are subsequently met.
Our software license arrangements do not include acceptance provisions, software license updates or product support contracts.
Revenue Recognition for Multiple-Element Arrangements - Software Products and Software Related Services(Software Arrangements)
We enter into arrangements with customers that purchase software related products that include one to three year product support service and a short training session (referred to as software related multiple-element arrangements). Such software related multiple-element arrangements include the sale of our software products, and product support contracts whereby software license delivery is followed by the subsequent delivery of the other elements. Our software license arrangements include acceptance provisions. We recognize revenue upon the receipt of written customer acceptance. The vast majority of our software license arrangements include software license updates and product support contracts. Software license updates provide customers with rights to unspecified software product upgrades during the term of the support period. Product support includes telephone access to technical support personnel or on-site support. For those software related multiple-element arrangements, we recognized revenue pursuant to ASC 985-605. Since we are unable to determine the fair value of the selling price for the undelivered elements in a multiple-element arrangement, which is the product support service and training, the entire arrangement consideration is deferred and is recognized ratably over the term of the arrangement, typically one year to three years.
Revenue Recognition for Multiple-Element Arrangements - Arrangements with Software and Hardware Elements
We also enter into multiple-element arrangements that may include a combination of our software installed in the hardware products we purchased from third parties and service offerings including purchased hardware , new software licenses, installation of the software in the hardware and one to three years product support. We adopted Accounting Standards Update (“ASU”) 2009-13, Revenue Recognition (Topic 605) : Multiple-Deliverable Revenue Arrangements . This guidance modifies the fair value requirements of FASB ASC subtopic 605-25, Revenue Recognition-Multiple Element Arrangements , by allowing the use of the “best estimate of selling price” in addition to vendor-specific objective evidence and third-party evidence for determining the selling price of a deliverable for non-software arrangements. This guidance establishes a selling price hierarchy for determining the selling price of a deliverable, which is based on: (a) vendor-specific objective evidence, (b) third-party evidence, or (c) estimated selling price. In addition, the residual method of allocating arrangement consideration is no longer permitted. In such arrangements, we first allocate the total arrangement consideration based on the relative selling prices of the software group of elements as a whole and to the hardware elements. We recognize the hardware element considerations upon delivery of the hardware. The consideration allocated to the software group which includes the software element and the product support is recognized in according to the software arrangements policy as described above.
Revenue Recognition for Lottery Revenue
Commission income is recognized when the lottery ticket is sold through its online system. Other service income is recognized when the service is provided.
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.
1. Organization and Nature of Business
XcelMobility Inc.
XcelMobility Inc. (“Xcel” or the “Company”) was incorporated under the laws of the State of Nevada on December 27, 2007. Initial operations have included organization and incorporation, target market identification, marketing plans, and capital formation. The Company was no longer a development stage company after the Company started to generate revenues from various application of mobile device.
Share Cancellation
On August 11, 2011, Moses Carlo Supera Paez, a director and shareholder of the Company, surrendered 17,700,000 shares of common stock for cancellation. Further, on August 30, 2011, Mr. Paez surrendered an additional 7,350,000 shares of our common stock for cancellation and Mr. Jaime Brodeth, one of our former directors and a shareholder, surrendered 22,950,000 shares of our common stock for cancellation. As such, immediately prior to the Exchange Transaction as further discussed in detail later and after giving effect to the foregoing cancellations, the Company had 29,700,000 shares of common stock issued and outstanding. Immediately after the Exchange Transaction, the Company had 60,000,000 shares of common stock issued and outstanding.
CC Mobility Limited
CC Mobility Limited (“CC Mobility”), a company organized under the laws of Hong Kong, was formed on May 3, 2011 and has authorized capital of 10,000 shares with registered capital of HK$1,000 at HK$1 per share. At formation, CC Mobility Limited has issued 560 shares to CC Wireless Limited, a company organized under the laws of Hong Kong, and 440 shares to Sheen Ventures Limited, a company organized under the laws of Hong Kong. The Company is a holding company formed for the purpose of acquiring a target company to effect a reverse merger with a U.S. reporting company. The reverse merger was completed on August 30, 2011.
CC Power Investment Consulting Co. Ltd.
Shenzhen CC Power Investment Consulting Co. Ltd. (“CC Investment”), a wholly-owned subsidiary of CC Mobility, was incorporated on July 27, 2011 under the laws of the People’s Republic of China (“PRC”) as a wholly foreign owned limited liability company. The required registered capital is $2,000,000 and as of December 31, 2013, $400,000 of the registered capital has been contributed.
Shenzhen CC Power Corporation
Shenzhen CC Power Corporation (“CC Power”) is a Chinese enterprise organized in the PRC on March 13, 2003 in accordance with the Laws of the People’s Republic of China. The required registered capital of CC Power was approximately $1,547,000 (RMB 10,000,000) and as of December 31, 2013, CC Power has paid up approximately $346,000 (RMB2,526,000). In March 2011, Mr. Ryan Ge sold his 5% ownership in CC Power to the other shareholder, Xili Wang (“CC Power Shareholder”). Ms. Wang holds 100% ownership interest in CC Power at the end of the financial period.
CC Power is primarily engaged in the research, development and commercialization of applications for mobile devices that access the Internet utilizing mobile phone networks. CC Power’s principal activity is the design, testing sale and support of software to support mobile internet applications on cellular phones, smart phones, tablets and mobile computers in China. The principal product designed and built by CC Power is its Mach 5 Accelerator. This product has been independently tested by all 3 mobile phone carriers in China and accesses the internet 5 times faster than with other mobile browsers. The speed of the Mach 5 browser enables CC Power to develop other mobile software that can leverage off the Mach 5 products speed of processing. In order to support CC Power products the Company has built a series of server locations throughout China. CC Power sells its products to corporations directly, to individual users via the company’s website and retail locations, through distribution agents and through all three mobile phone carriers in China.
As noted above, the primary purpose of CC Power is to develop software that allows user faster access to the Internet. CC Power’s primary focus is in the mobile Internet market, with a focus on providing software that significantly increases the speed that users of smartphones, tablets and laptops can access the Internet over cellular phone networks. CC Power also uses their technology to increase the speed at which users of Virtual Private Networks can access data from their networks.
On September 22, 2014, XcelMobility Inc. entered into an Asset Purchase Agreement with CC Power, Xianjiang Silvercreek Digital Technology Co., Ltd. (“Silvercreek”) and the shareholders of Silvercreek (the “Selling Shareholders”). Pursuant to the terms of the Agreement, CC Power will acquire certain assets of Silvercreek relating to its online sports lottery business unit in exchange for the issuance of up to 80,000,000 shares of common stock of the Company to the Selling Shareholders. No Shares will be issued upon the closing date of the transaction. The Shares will be issued to the Selling Shareholders on a pro rata basis and upon achievement of the following milestones: (i) 10,000,000 Shares to be issued in the event that CC Power derives initial online lottery sales revenue (“Lottery Revenue”) of over 10,000 RMB per month from the business developed in connection with the Assets on or before October 1, 2014; (ii) 10,000,000 Shares to be issued in the event that CC Power derives Lottery Revenue of over 3,000,000 RMB per month from the business developed in connection with the Assets on or before March 31, 2016; (iii) 10,000,000 Shares to be issued in the event that CC Power derives initial online lottery sales revenue of over 20,000,000 RMB per month from the business developed in connection with the Assets on or before December 31, 2015; (iv) 40,000,000 Shares to be issued in the event that CC power obtains a lottery gaming license from the People’s Republic of China; and (v) 10,000,000 Shares to be issued based on the achievement of certain incentives as determined by the board of directors of the Company.
I’ve seen DD pouring into twitter all night on this stock!! This is going to be a runner tomorrow. Get in early to avoid disappointment! Check out the DD on twitter at @SRiabko
$XCLL !!!!! Multi penny runner easy
They have a strategic plan for their business in China, Japan, and South Korea.
$XCLL Read their strategy for the market in China, then in Japan, then in South Korea. A company expanding with a plan! It’s a long read, but a good one to understand the company! pic.twitter.com/VIkdyV8nX6
— Eagle Investments (@EagleInvest_) January 28, 2021
$XCLL just on fire today! Going to be just as big a day tomorrow
Seeing some huge DD on twitter about this company and what it does over in China, Japan and South Korea !
Pull your sells! This baby is running over a penny. Mark it
This stock is taking off hard!! It had a good pop yesterday, end of the week it’s really going to run!
Looks like serious multi-penny potential here.
Looks like .005 close today
I hope if they are connected with Alibaba in China
Ugh! I know the Fido story well. Frustrating.
Hi Buddy. Yes, I still have a few shares. Would have bought more but Fidelity won't allow it... no info. Pisses me off bigly. Out of the country so cannot transfer part of my account to another broker. You have to be there in person to do it.
Hey Monroe. How’ve you been? You still have a play here?
I have had this stock since 2011. It was suppose to hit $4.00. I have lots of shares waiting for big payday.
Hey Bella! Me too. Been holding here for many years...too stubborn sometimes! Lol. There has been slow accumulation for last 10-12 months but nothing like this.
Hello: Lots of volume today. I have posted lots of volume from time to time but never near 16,707,67. Something has to be brewing. I am excited to see what the rest of the week may bring.
XCLL .0006 on watch
Lots of volume today 2,460,070. Does that mean anything?
Alert : XCLL can blow anytime now due relation will turn in good manners after blue wave spread in United States in this election. iS China’s good relation will resolve the trade issues and China will allow online lottery due to need funds to run govt and avoid the covid issues
IMO
Looks interesting here
Bid and ask are very tight and close
That is why I am really closely watching xcll
I will try to add and watching the move
It have less float and O/s and A/S share structure
yes they can. I have missed a few by not paying close attention that is for certain.
I will be back into it to add more when I see move here
Watching very closely because move can be anytime here
They had a link with Apple I do believe and China Telecom. Who knows what is going to happen but I feel certain they will not let this semi shell go to waste. The structure and being listed has value. Someday we will get news. If anything happens the price will go higher.
Followers
|
57
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
3413
|
Created
|
11/07/11
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |