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Cherubim Interests Inc. (CHIT)

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Last Post: 9/11/2017 5:48:42 PM - Followers: 154 - Board type: Free - Posts Today: 0

 
Cherubim Interests Inc (OTCMKTS:CHIT) Floored Back to $0.0001
by Todor Pichurov January 6, 2016

There really is precious little to be surprised about here, considering the hole that CHIT dug itself in over 2015. The first and most important factor here is dilution. Back in late July 2015 the company had 58.6 million outstanding common shares. By Aug 31 that number was up at 125 million.

In mid-October the company upped its authorized shares to a mind-boggling 5 BILLION. A little scary given the company had just 0.1 billion OS not two months ago, isn't it? It actually is, especially considering what CHIT did by the end of calendar 2015.

A Schedule 13-G published on Dec 30 reveals that a certain DTS Partners LLC holds a massive 200,000,000 CHIT common shares. Those 200 million comprise 6.1% of the company's outstanding stock, according to the filing. This would peg CHIT's outstanding common shares as of the end of 2015 at somewhere around 3,000,000,000 or 3 BILLION.

Going from 58 million to 3 billion over the span of five months and diluting your retail shareholders some 5000% could be enough of a feat to scare most anyone away from the stock.

The fact that CHIT's latest balance sheet is deplorable does not help either. Here is what the company reported in its annual for the year ended Aug 2015:

$16 thousand in cash
$19 thousand in total company assets
ZERO in annual revenues
$915 thousand in annual net loss

The summation of the above should shed some light on why CHIT remained locked in sub-pennies for months on end and eventually slid to rock bottom at $0.0001.

http://www.hotstocked.com/article/92438/cherubim-interests-inc-otcmkts-chit-floored-back.html
 




CHERUBIM INTERESTS (OTC: CHITD) SHARE STRUCTURE
 

Following Recent 1 - for - 20,000 Reverse Split
https://www.sec.gov/Archives/edgar/data/1421865/000107878217000806/pre14c053117_pre14c.htm

http://otce.finra.org/DailyList

 

Transfer Agent
Pacific Stock Transfer / Tel: (702) 361-3033 / Toll-Free: (800) 785-PSTC
http://www.pacificstocktransfer.com/contact/

 
Authorized Shares 15,000,000,000 a/o Jul 28, 2017
Outstanding Shares 9,541,138 a/o Jul 28, 2017
Outstanding Shares 12,202,353 a/o Aug 1, 2017
Outstanding Shares 12,407,759 a/o Aug 3, 2017
Outstanding Shares 12,888,834 a/o Aug 11, 2017
Outstanding Shares 14,645,202 a/o Aug 16, 2017
Outstanding Shares 15,305,202 a/o Aug 21, 2017
Outstanding Shares    
Outstanding Shares    
Outstanding Shares    
     
 
 


1 - for - 20,000   REVERSE SPLIT APPROVED ON MAY 31, 2017

https://www.sec.gov/Archives/edgar/data/1421865/000107878217000806/pre14c053117_pre14c.htm

On May 31, 2017, our board of directors and holders of a majority in interest of our voting capital stock approved a 1-for 20,000 reverse split of our common shares (“Reverse Split”). This approval is anticipated to be effective 20 days after this Information Statement has been distributed to our shareholders.

As a result of the Reverse Split, each shareholder of record as of May 31, 2017, will receive one (1) share of common stock for each twenty thousand (20,000) shares of common stock they held prior to the Reverse Split, provided however, that fractions of a share shall be rounded up to the nearest whole share.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CHERUBIM INTERESTS, INC.

Date:  May 31, 2017

By:  /s/ Patrick Johnson                  
Patrick Johnson
Chief Executive Officer


https://www.sec.gov/Archives/edgar/data/1421865/000107878217000806/pre14c053117_pre14c.htm
 



1 - for - 30,000   REVERSE SPLIT APPROVED ON FEBRUARY 9, 2016

https://www.sec.gov/Archives/edgar/data/1421865/000107878216002298/pre14c020916_pre14c.htm

On February 9, 2016, our board of directors and holders of a majority in interest of our voting capital stock approved a 1-for 30,000 reverse split of our common shares (“Reverse Split”). This approval is anticipated to be effective 20 days after this Information Statement has been distributed to our shareholders.

As a result of the Reverse Split, each shareholder of record as of February 9, 2016, will receive one (1) share of common stock for each thirty thousand (30,000) shares of common stock they held prior to the Reverse Split, provided however, that fractions of a share shall be rounded up to the nearest whole share.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CHERUBIM INTERESTS, INC.

Date:  February 9, 2016

By:  /s/ Patrick Johnson                  
Patrick Johnson
Chief Executive Officer


https://www.sec.gov/Archives/edgar/data/1421865/000107878216002298/pre14c020916_pre14c.htm

 




1 - for - 15   REVERSE STOCK SPLIT APRIL 27, 2015


Pursuant to an Agreement and Plan of Reorganization dated April 27, 2015, the Company agreed to acquire all of the membership interests of Cherubim Interests, LLC, a limited liability company, from Victura Construction Group, Inc. (“Victura”). Victura is an affiliate of Patrick Johnson, a director and President of the Company, and is a non-reporting public company trading under the symbol VICT. The acquisition closed on April 27, 2015. Pursuant to the acquisition, the Company has (a) effected a 1-for-15 reverse stock split, such that the 83,626,881 outstanding shares of common stock will be reclassified as 5,575,125 shares of new common stock;

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:  April 29, 2015

CHERUBIM INTERESTS, INC.

By:  /s/ Patrick Johnson                  
Patrick Johnson
Chief Executive Officer


https://www.sec.gov/Archives/edgar/data/1421865/000107878215000653/f8k042915_8k.htm
 


 

Securities & Exchange Commission Filings (EDGAR)
http://yahoo.brand.edgar-online.com/default.aspx?cik=1421865
or
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001421865&type=&dateb=&owner=include&count=40

 
 

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CHIT News: Amended Annual Report (10-k/a) 08/10/2017 05:08:30 PM
CHIT News: Securities Registration: Employee Benefit Plan (s-8) 08/10/2017 02:29:37 PM
CHIT News: Amended Quarterly Report (10-q/a) 08/09/2017 03:20:14 PM
CHIT News: Current Report Filing (8-k) 08/08/2017 06:03:44 AM
CHIT News: Current Report Filing (8-k) 07/28/2017 02:39:59 PM
PostSubject
#14361  Sticky Note BEWARE OF HUGE MASSIVE SIGNIFICANT DILUTION HERE !!!!! AdrianZadonis 02/02/17 08:20:38 AM
#10630  Sticky Note Pump & Dump Superstar Attorney, Jehu Hand, Indicted AdrianZadonis 02/15/16 07:38:47 PM
#15852   Dude, get out this. Ceo is a scam dantheman1973 09/11/17 05:48:42 PM
#15851   Concise and 100% correct. But there will always be malc stone 09/10/17 05:19:30 PM
#15850   I was a believer till i got ripped dantheman1973 09/10/17 10:43:03 AM
#15849   It's a freaking FRAUD man. That's why malc stone 09/07/17 06:50:50 PM
#15848   Only reason CHIT has not had a run X-ray07 09/06/17 10:21:27 PM
#15847   Time to buy the $CHIT mean shi.t out EDDIEO81 09/06/17 09:46:30 PM
#15846   Yep. News is sweet. Snagged some. Rainer 09/05/17 05:45:20 PM
#15845   I like this CHIT NEWS!!!$$$ Chittalker 09/05/17 05:44:16 PM
#15844   Nice news here Rainer 09/05/17 01:38:34 PM
#15843   Market Value of stock is only $45k You're a X-ray07 09/01/17 05:34:36 PM
#15842   Run just getting started X-ray07 09/01/17 03:03:17 PM
#15841   How long before it's in the trips? Mondragon 09/01/17 02:02:27 PM
#15840   I sent an email to the CEO of pmach64 09/01/17 11:40:56 AM
#15839   When are they changing the symbol? Swimmingly 09/01/17 11:13:52 AM
#15838   LMAO -- this CHIT is moving! technicolor turncoat 09/01/17 11:06:54 AM
#15837   HOLLY CHIT$$&$$$ Pstats 09/01/17 10:55:38 AM
#15836   $$$$$$$ X-ray07 08/31/17 10:32:24 PM
#15835   Does anyone know of any other Texas companies Watch dog 08/27/17 04:59:06 PM
#15834   Two 20000-1 in the last year....criminal.... Patrick Johnson CEO bignastydude 08/27/17 10:06:25 AM
#15833   Well, not quite trips yet but this has malc stone 08/27/17 09:47:00 AM
#15832   Wow! 20,000 r/s They call this chit because Bigstud is here 08/26/17 02:46:14 AM
#15831   Trips by Friday....then pump and dump for a bignastydude 08/22/17 10:43:08 AM
#15830   It's getting close to time for Patrick "the bignastydude 08/11/17 02:17:54 PM
#15829   I wonder, what made KLJ resign as auditors AdrianZadonis 08/08/17 12:44:21 PM
#15828   On August 4, 2017, Cherubim Interests, Inc. (hereafter, AdrianZadonis 08/08/17 12:44:05 PM
#15827   Bid price 0.04 I believe according to https://ih.advfn.com/stock-market/USOTC/ch AdrianZadonis 08/04/17 12:40:03 PM
#15826   It's been over a week since the 1-for-20,000 AdrianZadonis 08/03/17 06:30:50 PM
#15825   Approx ~200,000 shares (unrestricted) just issued within last AdrianZadonis 08/03/17 01:13:06 PM
#15824   How many days until this CHIT is back Mondragon 08/03/17 10:39:52 AM
#15823   This CHIT stock is so scandalous it isn't malc stone 08/01/17 02:32:50 PM
#15822   To who, and why, are they issuing so AdrianZadonis 08/01/17 01:02:11 PM
#15821   Oh $CHIT! Not again! More shares issued? AdrianZadonis 08/01/17 12:55:56 PM
#15820   THUNDER SOURCE: GREETINGS HERE IS THE NEWS TOU ASKED Shortheidman 08/01/17 10:43:49 AM
#15819   Oh not to mention 3 $30 restructure fees Tryan2 07/30/17 12:04:29 PM
#15818   So I went from 60,000,000 shares to 1 Tryan2 07/30/17 11:58:45 AM
#15816   I wonder if today will be the new AdrianZadonis 07/28/17 01:18:55 PM
#15815   $CHIT ONE GIANT HUGE SCAM RIPPOFF is an AdrianZadonis 07/27/17 10:14:31 AM
#15814   How do you know? Are you an insider? rmuncast 07/27/17 09:57:20 AM
#15813   Anyone know what services were rendered to $CHIT AdrianZadonis 07/26/17 02:56:00 PM
#15812   I was a shareholder before the split. I rmuncast 07/26/17 02:45:29 PM
#15811   $CHIT's a huge RIPOFF in my opinion. AdrianZadonis 07/26/17 02:43:14 PM
#15809   Ok let me know how that works out malc stone 07/26/17 02:25:02 PM
#15808   Some brokers still aren't providing quotes for CHITD, rmuncast 07/26/17 02:22:20 PM
#15807   That is not true at all. Sure rmuncast 07/26/17 02:19:42 PM
#15806   Not true I can purchase @ ask price Serge521 07/26/17 01:46:58 PM
#15805   Isn't .05 post-split 0.0000025 pre-split? AdrianZadonis 07/26/17 01:21:29 PM
#15804   Retail is locked out for 20 days while malc stone 07/26/17 01:06:45 PM
#15803   Wait until the end of the week when rmuncast 07/26/17 12:26:36 PM
#15801   .05 (5 cent) trades post reverse split ?? AdrianZadonis 07/26/17 11:17:54 AM
#15800   THUNDER SOURCE: GREETINGS HERE IS THE NEWS YOU Shortheidman 07/26/17 06:53:04 AM
PostSubject