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Check out WBAI. New 52 high and new high daily volume.
Something is up and XCLL is a bargin.
SS
How do you get information that we do not see here? Do you have information that is NOT public?
Please be specific.
SS
The insider number is public knowledge. You should be able to find this out from all the filings. It is NOT only the insiders that know this information. A public company MUST post who is an insider and how much this person owns of the company.
What is the number?
How many shares are in the hands of outsiders?
Do you know the numbers?
SS
Agree
All involved are guilty of taking us to the cleaners. This Doug guy is the most guilty as he was involved in getting us to invest after the RTO. Now he wants us to sue other groups while he is smiling all the way to the bank. He played us all like fools!
Now he is trying to push the liability off on others.
I agree Cat. I am going to continue buying as this moves up.
HOping for a 10 bagger here. Love the Lottery business. Waiting for more news on that business.
GL
SS
You were right Cat. It closed at the high point.
Good call.
SS
Wow
Looks like a long climb upward now. I am interested to learn more about the lottery business. Great opportunity!
SS
Just saw the news about the lottery business in China. That is huge in the China market. WBAI is in the same business. I hope XCLL can do the same and get uplisted on the NYSE. Check out the market cap on WBAI. I can only dream!!
gl
Great upside here. You put gambling and China together and you have a sure winner. Had a great run!
You make a great point. It is time to rotate out of the S&P and into developing countries like China. Thanks for that tip!
The largest and most savvy investors in the world will buy Alibaba stock.It is one of those companies that comes along once in a decade. They will be the benchmark stock for the growth of China.
You can buy these shares and put them away for 10 years. Alibaba will be around in 10 years.
IF you do not like Alibaba you would not like any China stock so your opinions and advice is not relevant. You are bias and blinded.
glta
I stand by my recent comment. It is only recently that China stocks have come in large numbers to list here in the USA.
I am still not sure what you are doing here? What brings you to this little penny stock?? There are 1000s of better stocks to follow.
Here is the real Chinese stocks coming to the USA:
Chinese e-commerce company Alibaba Group Holding Ltd. plans to launch its initial-public-offering process as soon as the end of the month, people familiar with the matter said.
The firm, which could raise more than $20 billion and rank as one of the largest IPOs ever, shared a timetable with some current investors through an email, the people said. The email marks an official acknowledgment of the timing plans, until now the subject of wide speculation.
The communication also warned that timing still depends on market conditions.
Including a "roadshow," which pitches the deal to investors, the IPO process for a deal of this size typically takes about two weeks. That means if all goes smoothly, shares would be sold and begin trading by mid-August on the New York Stock Exchange. The mid-August timing would help ensure the deal gets done before bankers and investors head out of town for late summer vacations.
Alibaba looks poised to price into an IPO market that mostly has regained its footing after a stumble in the spring. The U.S. has produced the most IPOs, raising the most money, by this point in any year since 2000, according to data provider Dealogic.
A number of other Chinese technology companies have seen their shares rise following IPOs in the U.S. this year. JD.com Inc., JD -2.38% an online Chinese retailer, has seen its stock climb 46% since its debut in May, and Weibo Corp. WB +0.10% , an online-messaging service akin to Twitter, is up 13% since its April offering.
Alibaba connects buyers and sellers of various goods and services across its websites and mobile apps. It is expanding fast and highly profitable, generating $3.7 billion in net income against total revenue of $8.4 billion in the fiscal year ended March 31.
The IPO timing was mentioned in a message to current investors asking them to agree to a standard "lockup" period, which would block them from selling shares for 180 days after the IPO, the people said.
In a standard IPO, the process begins with the company filing a proposed price range and the number of shares it plans to sell. Then meetings ensue with large investors, in which bankers and executives pitch them on the company's prospects. Finally, the deal team decides upon a share price for investors who get direct access to the IPO, mostly large investors and some smaller investors who get chunks of stock through brokerages. The next day, the shares begin trading on the public markets.
There is no long term for Chinese stocks in the USA. It is only very recently they were allowed to list on a US exchange. But over the past 6 months I have made money trading in and out of WBAI on the NYQ. I like the future for this stock. Anything to do with gambling is a sure winner in China. They all love to gamble. Like those who bought FCPG :)
glta
I have made money on many stocks from around the world. I do not care what country they are operating I care if they are real companies with real profits. There are good and bad stocks all around the world. The challenge for you is to find the good ones. I suggest you stop looking on the OTC. It is to risky for you.
Stick to the larger stock exchanges that have much more stringent reporting conditions.
Glad I could help you. I would like to see you be successful in the future.
glta
NQ is a real company with real products. I know them well and have used the products. Muddy Waters is using fear and loathing to make $100Millions of dollars off us investors. They short the stock put out the information and then cover. It is not against the law but it is still fraud and should be criminal.
All stocks on the OTC (many are Chinese) are shaky companies. No one wants to be on the OTC.
Chinese stocks that have real listings on real exchanges are real companies that have large banking/accounting/legal firms behind them. That said business is done very different in China. So it is hard to understand for the average investor.
Buyer beware.
glta
Retail investing is down enormously and continues to drop on all stock exchanges. This is due to demographics. The baby boomers are all old now and are not willing to take as much risk with money needed for retirement. The game is with the pros now who handle Billions of dollars in pension/mutual funds.
But that said we are still here. I suspect most of us are well under water and would rather lose everything than sell at todays prices. This is nothing new on the OTC. You got to move fast to invest in the OTC and do not get greedy.
Bulls make money
Bears make money
AND Pigs get slaughtered
As for FCPG it has been way to long since a new auditor was mentioned. Something is very wrong.
glta
Why do posters complain about the OTC board and the scams that go on. We all know that but we still invest. We know the risk is very high but we are hoping for a huge gain. IT is out choice.
Stop complaining or go away. You are not telling us anything we do not know. It is why the OTC board exists. It is for very risky businesses that may go out of business.
WE ALL KNOW THAT!!!!!!!!!!!!!!!!!!!!!
The SEC is NOT going to save you on the OTC. We all know that.
Why hang out here on the OTC chat board if you are not interested in OTC stocks???????? Makes no sense unless you are a weirdo.
Or maybe you are only 13 years old.
Please use the board to give good advice and information.
XcelMobility Inc. FY2013 Year End Revenue Exceeds Projections With a 903% Increase From FY2012
REDWOOD CITY, CA--(Marketwired - Apr 24, 2014) - XcelMobility, Inc. (OTCQB: XCLL) (OTCBB: XCLL) ("Xcel" or the "Company"), a leading wearable computing device development and marketing company, is pleased to announce the financial results of its 2013 fiscal year ending December 31, 2013.
Revenue for the year ended December 31, 2013 was $2,781,745, an increase of $2,504,339 or 902.8% from $277,406 for the year ended December 31, 2012. This increase in revenue was primarily due to the acquisition of Jifu Technology's security products group. Its 50+ team of video solutions engineers was successfully merged with Xcel's cloud connected LBS Services division in 2013 to enhance and expand the opportunity for Xcel to deliver the industry's most advanced cloud connected wearable computing solutions for the security markets.
Gross profit for the year ended December 31, 2013 was $2,287,260, an increase of $2,027,807 or 781.6% from $259,453 for fiscal 2012. The Company reported a net loss of ($504,848) for the year ended December 31, 2013 compared to net loss of ($434,769) for the year ended December 31, 2012.
Founder and Executive Chairman of XcelMobility, Mr. Ronald Strauss, stated, "2013 was a transition year for the Company. We successfully integrated our recent, strategic acquisition of Jifu Technology and, together, we launched the Companion cloud-connected wearable computing solution, initially targeted at the large public and private security markets. We are looking forward to continued growth in 2014 as we grow revenues in both our existing products and our newly launched Companion wearable computing platform."
About XcelMobility, Inc.
XcelMobility is combining wearable computing devices, location based technologies, and cloud computing to become a leading developer of mobile internet products and services, specifically focused on China's burgeoning mobile market of well over 1 Billion users. The Company has recently reorganized into two divisions:
1. Wearable Computing Group -The Wearable Computing team develops and markets industry leading wearable computing devices and software. The group has recently launched CCwatch targeted at the security market.
2. Video and Security Group - The Video and Security team delivers location and video enhanced security systems for public and private security forces in China. It is building next generation security and surveillance systems that combine wearable computing, location based services and cloud based advanced video solutions.
In a Juniper Research whitepaper (October 2013) Juniper forecasted that the retail revenue from smart wearable devices, including smartwatches and glasses, will reach $19 billion by 2018. Through the Company's deep relationships with China's leading mobile operators and OEMs, and its ability to develop the most advanced wearable computing devices and software applications, it is rapidly securing a leadership position in China's wearable computing market. For more information visit: www.xcelmobility.com, https://www.facebook.com/pages/Xcelmobility-Inc/275827129230531, https://twitter.com/xcelmobility
Hong Kong's capital market is set to embrace a new breed of Chinese issuers that have left the Nasdaq and New York Stock Exchange for a listing in the city, as a more favourable valuation of shares and the depth of liquidity have lured them back home.
"There are more take-private activities by [the mainland] companies previously listed in the US markets since they got disillusioned and saw less benefit from a US listing," Mark Hyde, Clifford Chance's head of finance in Asia Pacific, said in a Redefining Hong Kong panel discussion hosted by the
South China Morning Post.
Marshall Nicholson, a managing director with Beijing-based investment bank CICC, pointed out that a US listing was very costly to small companies since they had to issue quarterly financial reports and faced stringent legal burdens such as the Sarbanes-Oxley Act.
Xcelmobility launches Cloud Connected Smartwatch in China. Great news about the smartwatch launch in China. I like it that the company is selling the watch as a complete system instead of trying to compete with all the other smartwatch vendors. Smart move on their part!
I was looking at the security market and see that it is a huge market for their Companion software and smartwatch. I hope they come to the USA with the system soon. I think it is a good market here in the USA.
Tse as a BOD member was also involved in selecting Rotenberg in the first place. Time to clear out the dead wood!!
It is also not a good sign that there is not word from Marcum. I had predicted that we would see something by the end of January. Well we are now at the end and now news. This is a big red flag!
Here is hoping that Wang comes back from holidays and gets rid of the whole bunch of useless advisors/directors. It is time to rid the company of TSE DOUG ZWICK etc.... and get some pros that can really move this company. Pros with strong relationships in the USA!!!
Hey Bar
You seem to be the guy on the outside looking in. Why are you taking this position in this little stock? Seems a waste of your time?
You mention that this is a risky stock for investment. I would argue that all stocks on the OTC are risky. But people still invest in these companies because the risk/reward is great. We are looking for a big return and are willing to take the risk associated with the investment.
My take on FCPG
1. They are China based so that makes it more risky given the history of China listed companies.
2. The company has not reported for over a year. This is a huge flag for any investor.
3. The BOD is very weak and have made terrible decisions related to the advisors of this company.
4. The company has no American employees that we can see and talk to in English.
5. There are doubts about the accounting today.
We all know these risks but we have decided to invest. Much like people buy lottery tickets knowing their chance of winning are very low. But if we win the return will be very high.
Can you not see this point? This is not a blue chipper that is paying a good dividend. It is a shot in the dark!
SS
Bar
Why did you want to be the moderator of a stock that you do not want to buy? What is the point?
Is your name Doug. Are you the Doug that is sending information to a few investors on this board?
Seems very strange!
WHY r u yelling??
Who are the auditors for this mess?
The Editor interviews Drew Bernstein, Co-Managing Partner, Marcum Bernstein & Pinchuk.
Editor: Tell us a little bit about your professional background.
Bernstein: I spent most of my professional life in international business, the first 20 years principally in Europe, commuting back and forth, with a few years each in the Czech Republic and in Israel. One of my real estate clients, a war refugee who spoke 11 languages, became my mentor. In 2001, I took my first trip to China, and today I commute monthly. I’ve visited about 125 cities across China, and my wife is Chinese. My partner, Neil Pinchuk, and I joined Marcum three years ago. We basically run the China practice, one of the largest in the country, with offices in New York, Beijing, Shanghai, Guangzhou and Hangzhou, and 75 bilingual (or better) professionals in China. We represent almost 40 companies. Most people would agree it’s exciting work, but the 15-hour flights, 12-hour time difference and Chinese-language documents are not for everyone.
Bar you did not answer my questions.??
Here are answers to your questions:
1. Marcum is not tiny and has many Chinese speaking accountants:
Marcum llp is one of the largest independent public accounting and advisory services firms in the nation. Ranked among the top 20, Marcum llp offers the resources of 1,200 professionals, including over 140 partners, in more than 20 offices throughout New York, New Jersey, Massachusetts, Connecticut, pennsylvania, California, Florida, Grand Cayman and China. Headquartered in
New York City, the Firm's presence runs deep with full-service offices strategically located in major business markets.
2. Investing in Chinese based companies listed in the US is a risky investment. You have no recourse if your investment goes south. Investors know this but take the risk based on the potential reward.
Bar I do not understand
You do not have any stocks like FCPG in your portfolio but you seem to follow them on the boards. Why would you waste your time with stocks that you would never hold in the future? R U just a basher of stocks?
Red
I know accounting as I did it in the past. It will take a lot of time to rework the past. It is not as simple as you think. There are many third parties that must be contacted and for accounts to be verified. Marcum must do it all from scratch to satisfy the SEC and themselves. Also it is in China not the US. Makes it a little harder.
RED
Marcum is coming in cold without the help of the past auditor. They must start from the beginning and do their own work. It is the rules of accounting for public companies. It will take months to get the books in order so that FCPG can go forward in 2014 with the books in order. I would guess that they will be done the past work by the end of January.
It is time to buy now and not sell.
I am easy on Wang. I do not blame him for the mess today. This Doug guy and the BOD are to blame. If you do not speak English you cannot do business outside of China without relying on the support of English speakers.
Here is hoping Wang cleans out this Doug guy and all the other useless BOD members.
Could not disagree with you guys more. Wang is a Chinese business guy who I am sure does a good job in China but knows nothing about doing business at a public company level in the USA. Very few know this in the USA so do not expect Wang to know anything.
I doubt he can even read and speak English. He relies 100% on his advisors and BOD to select lawyers and accounts. He has been listening to very bad advice in the USA.
I am sure Wang is in China living in the China world that is closed to the happenings outside of China. He is head down and focused on running the business in China. AND that is what us investors want from him. I would also like him to clean out the BOD and advisors in the US and get some professional and proven support people. Maybe the Marcum group can provide this type of guidance for Wang. I am impressed with Marcum.
Doug and the BOD must take the blame for this mess in the USA.
Looking back over the past 2 years it is obvious that FCPG has a weak BOD and bad advisors in the USA. The company seems to be doing well in its core business but has been given very bad advice by their US advisors including the BOD who I am sure selected EFP in the first place.
Plan for 2014 - clean out the existing BOD and advisors and hire a good President to run the public company in the USA. A good leader here would be well worth the money and maybe 25 cents on the stock price.
Happy Holidays to all!
NT
Who is Doug??
I did not see this information about Chinese investors before. Where can you find this information?
SS
Hey fcpg
Yes I have taken a position in xcll. I think wearable computing will be the next big thing so I am investing in pure play companies in this sector. Another China based company that was beaten down with the rest of them. Like fcpg it has a great upside opportunity but as a small company is a risky investment. So far it has been going up :) Looking for big things in 2014 (like fcpg).
SS
Firstly I am NOT a big investor I just balance my investing across different risk profiles. My recent interest is in China based stocks listed in the US that are beaten down BUT do have a business -- ie. have revenues and a growing business. FCPG fits into this group but I consider a bigger risk as they are non reporting. NO big investor will touch a non reporting company anywhere in the world.
My general feeling is China is growing again and investors will rush back into China based opportunities in 2014.
My biggest holding is NQ Mobile. Recently hammered by Muddy Waters who made millions shorting it before slandering the stock and then covering and going long.
glta
SS
Just started buying today. Looking for good prices as tax loss selling begins. Using my high risk investment fund for this one. But I know China well and feel this one is real.
SS