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Cherubim Interests Inc. (CHIT)

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Last Post: 9/28/2016 12:39:22 PM - Followers: 100 - Board type: Free - Posts Today: 1


!!!   NEWS OUT   !!!

CHERUBIM INTERESTS INC. (CHIT)

30,000   - to -   1

REVERSE SPLIT

APPROVED

 


http://www.sec.gov/Archives/edgar/data/1421865/000107878216002300/f8k020916_8k.htm

On February 9, 2016, holders of a majority of the voting rights of the Company approved a 30,000 to 1 reverse split of the Company’s Common Stock (“Reverse Split”), meaning that each 30,000 shares of Common Stock will be consolidated into 1 share of Common Stock following the reverse split, provided however, that fractional shares would be rounded up to the nearest whole share. Notice of the action taken by holders of a majority of the voting rights of the Company was provided to non-consenting shareholders in accordance with Nevada law.

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


http://www.sec.gov/Archives/edgar/data/1421865/000107878216002300/f8k020916_8k.htm
 


http://www.sec.gov/Archives/edgar/data/1421865/000107878215002035/f10k083115_10k.htm

On October 14, 2015, the Board of Directors of Cherubim Interests, Inc. (the “Company”) approved the amendment and restatement of the Company’s Articles of Incorporation attached hereto as Exhibit 3(i) (the “Restatement”). The purpose of the Restatement was to:

i. Increase the number of authorized shares of Common Stock to 5,000,000,000;

ii. Increase the number of authorized shares of Preferred Stock to 50,000,000;

iii. Set the par value of the Common and Preferred Stock to $0.00001;


iv. Authorize the Board of Directors to issue “blank check” Preferred Stock and fix the rights, preferences, privileges, qualifications, limitations, and restrictions of any Preferred Stock issued by the Company, including the number of shares constituting any series or the designation of such series.

http://www.sec.gov/Archives/edgar/data/1421865/000107878215002035/f10k083115_10k.htm
 




Cherubim Interests, Inc. (USOTC:CHIT)  Historical Stock Chart  1 Year : From Oct 2014 to Oct 2015

 




By consent action of the Board of Directors dated April 27, 2015, par value was decreased from $.001 to $.0001

http://ih.advfn.com/p.php?pid=nmona&article=69043717&symbol=CHIT
 




As of November 30, 2015 there were 2,632,502,507 shares of common stock, par value $0.00001, outstanding.

http://ih.advfn.com/p.php?pid=nmona&article=70068923
 





CHERUBIM INTERESTS INC.

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended August 31, 2015

Dated:  December 15, 2015

http://www.sec.gov/Archives/edgar/data/1421865/000107878215002035/f10k083115_10k.htm

RISK FACTORS

THERE IS SUBSTANTIAL UNCERTAINTY AS TO WHETHER WE WILL CONTINUE OPERATIONS.

If we discontinue operations, you could lose your investment. Our auditors have discussed their uncertainty regarding our business operations in their audit report dated August 31, 2015. This means that there is substantial doubt that we can continue as an ongoing business for the next 12 months. The financial statements do not include any adjustments that might result from the uncertainty about our ability to continue in business. As such, we may have to cease operations and you could lose your entire investment.

WE LACK AN OPERATING HISTORY

There is no assurance that our future operations will result in continued profitable revenues. If we cannot generate sufficient revenues to operate profitably, our business will fail. We have very little operating history upon which an evaluation of our future success. We cannot guarantee that we will be successful in generating revenues in the future. Failure to generate revenues will cause us to go out of business.

http://www.sec.gov/Archives/edgar/data/1421865/000107878215002035/f10k083115_10k.htm

GOING CONCERN

The audited financial statements for the years ended August 31, 2015 and 2014 have been prepared on a going concern basis, which implies that our company will continue to realize its assets and discharge its liabilities and commitments in the normal course of business. Our company has generated $0 in revenues since inception and has never paid any dividends and is unlikely to pay dividends or generate substantial earnings in the immediate or foreseeable future. The continuation of our company as a going concern is dependent upon the continued financial support from our shareholders, the ability of our company to obtain necessary equity financing to achieve our operating objectives, and the attainment of profitable operations. As at August 31, 2015, our company has accumulated losses of $(4,215,721) since inception. As we do not have sufficient funds for our planned operations, we will be required to raise additional funds for operations.

Due to the uncertainty of our ability to meet our current operating expenses and the capital expenses noted above, in their report on the annual financial statements for the year ended August 31, 2015 our independent auditors included an explanatory paragraph regarding concerns about our ability to continue as a going concern. Our financial statements contain additional note disclosures describing the circumstances that lead to this disclosure by our independent auditors.

The continuation of our business is dependent upon us raising additional financial support. The issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current stockholders. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments.

http://www.sec.gov/Archives/edgar/data/1421865/000107878215002035/f10k083115_10k.htm
 

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; (b) issued 60 million shares of new common stock to Victura in the exchange; (b) amended the Articles of Incorporation to change the name of the Company to "Cherubim Interests, Inc.,"  and (c) accepted the resignation of director and officer Terry Lynch and the appointment of new directors to serve with Patrick Johnson. As a result, there are approximately 65,575,125 outstanding shares of Common Stock, plus some number of additional shares (estimated not to exceed 1,000) to be issued for rounding of the reverse stock split.
See,
http://www.sec.gov/Archives/edgar/data/1421865/000107878215000653/f8k042915_8k.htm


As of August 31, 2015, there were 125,025,261 shares of common stock issued, par value $0.001, outstanding.
See,
http://ih.advfn.com/p.php?pid=nmona&article=70068224


On October 14, 2015, the Board of Directors of Cherubim Interests, Inc. (the “Company”) approved the amendment and restatement of the Company’s Articles of Incorporation attached hereto as Exhibit 3(i) (the “Restatement”). The purpose of the Restatement was to:  i.  Increase the number of authorized shares of Common Stock to 5,000,000,000;  ii.  Increase the number of authorized shares of Preferred Stock to 50,000,000;  iii.  Set the par value of the Common and Preferred Stock to $0.00001;
See,
http://www.sec.gov/Archives/edgar/data/1421865/000107878215001644/f8k101515_8k.htm


As of November 30, 2015, there were 2,632,502,507 shares of common stock, par value $0.00001, outstanding.
See,
http://ih.advfn.com/p.php?pid=nmona&article=70068923


As of December 22, 2015, there were 3,098,260,027 shares of common stock outstanding. 2,208,488,355 Restricted.
See,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119368753


As of December 30, 2015, there were 3,298,260,027 shares of common stock outstanding. 2,208,488,355 Restricted.
See,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119511521


As of January 19, 2016, there were 3,672,260,027 shares of common stock outstanding. 2,208,488,355 Restricted.
See,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119931987

 


Balance Sheets from Form 10-K

 

Balance Sheets from Form 10-K

 



Statement of Beneficial Ownership (sc 13d)
http://ih.advfn.com/p.php?pid=nmona&article=69849681

 
Date : 12/30/2015 @ 1:19PM
Source : Edgar (US Regulatory)
Stock : Cherubim Interests, Inc. (PC) (CHIT)


NAME OF REPORTING PERSONS
DTS Partners, LLC

SOLE VOTING POWER
200,000,000 shares of common stock

SOLE DISPOSITIVE POWER
200,000,000 shares of common stock

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
200,000,000 shares of common stock

http://ih.advfn.com/p.php?pid=nmona&article=69849681


 


 

Statement of Ownership (sc 13g)
http://ih.advfn.com/p.php?pid=nmona&article=69839860

 

Date : 12/29/2015 @ 5:18PM
Source : Edgar (US Regulatory)
Stock : Cherubim Interests, Inc. (PC) (CHIT)


NAME OF REPORTING PERSONS
Blackbridge Capital, LLC

SOLE VOTING POWER
220,000,000

SOLE DISPOSITIVE POWER
220,000,000

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
220,000,000

http://ih.advfn.com/p.php?pid=nmona&article=69839860
 







(CHIT) SHARE STRUCTURE

02/05/2016

5.000 Bil Authorized
3,892,260.027 Issued
2,208,488,355 Restricted
1,683,771,672 Float
 


 

 



 
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CHIT
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SureTrader
CHIT News: Current Report Filing (8-k) 09/13/2016 06:02:51 AM
CHIT News: Amended Quarterly Report (10-q/a) 09/01/2016 03:29:16 PM
CHIT News: Quarterly Report (10-q) 08/31/2016 05:16:31 PM
CHIT News: Securities Registration: Employee Benefit Plan (s-8) 07/20/2016 02:37:30 PM
CHIT News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 07/18/2016 06:02:07 AM
PostSubject
#10760  Sticky Note The reverse "split on CHIT" will only delay TheLaserGuy 02/23/16 02:26:04 PM
#10630  Sticky Note Pump & Dump Superstar Attorney, Jehu Hand, Indicted ZTsambis 02/15/16 07:38:47 PM
#9627  Sticky Note SHAREHOLDERS NEED TO WAKE UP AND SMELL THE TheLaserGuy 01/29/16 09:03:26 AM
#11447   Got Ripped off here badly... I hope it 2/Time/Trader 09/28/16 12:39:22 PM
#11445   If you purchased CHIT_stock before the 30,000-to-1 REVERSE_SPLIT, ZTsambis 09/23/16 04:38:29 PM
#11444   $0.0031? New post-split / 52-week low? ZTsambis 09/23/16 04:32:22 PM
#11443   "the Company agreed to convert the outstanding debt ZTsambis 09/20/16 09:46:10 PM
#11442   And how soon until this garbage goes straight malc stone 09/20/16 07:37:12 PM
#11441   There are so many frauds out there most malc stone 09/14/16 08:33:36 PM
#11440   I don't understand why this stock has not initforthemoney 09/14/16 08:30:44 PM
#11439   Look how fast this fraud stock returned to malc stone 09/14/16 06:48:13 PM
#11438   CHIT is going to hit the fan now! Sprycel 09/14/16 09:23:00 AM
#11437   Honestly, I can't stop laughing !!!! Great ZTsambis 08/27/16 10:29:49 PM
#11436   So you have a construction company. TheLaserGuy 08/27/16 03:42:39 PM
#11435   CHIT is the perfect ticker. They are malc stone 08/27/16 02:07:15 PM
#11434   So actually 450,000-to-1 reverse split ???? ROFLMFAO !!!!! ZTsambis 08/24/16 11:40:20 AM
#11433   There was a 1-to-15 R/S before the 30,000-to-1 ZTsambis 08/24/16 11:34:12 AM
#11432   Wow! 30:000 to 1 reverse split, knocks down the TheLaserGuy 08/24/16 10:44:42 AM
#11431   Well if they manage to increase revenues above TheLaserGuy 08/23/16 04:19:31 PM
#11430   Thanks for the post. TheLaserGuy 08/23/16 04:13:01 PM
#11429   He is still listed as COO and director watching007 08/23/16 01:15:17 PM
#11428   News release watching007 08/23/16 01:11:13 PM
#11427   Is it now OTC Pink Limited Information? ZTsambis 08/17/16 04:08:56 PM
#11426   2:05pm BID 0.0068 ASK 0.0173 Volume 62,300 ZTsambis 08/17/16 02:04:41 PM
#11423   Pretty much sums up the CHIT scam. malc stone 08/11/16 07:00:19 PM
#11422   Pity that this guy can lose %50 a TheLaserGuy 08/11/16 02:46:58 PM
#11421   1:08pm BID 0.0105 ASK 0.0175 Volume 109,600 -- ZTsambis 08/11/16 01:09:13 PM
#11420   I pity any mistaking this for a real investment. malc stone 07/28/16 04:43:35 PM
#11419   Did the Chief Operating Officer also quit? ZTsambis 07/27/16 12:16:38 PM
#11418   I thought the CFO resigned? ZTsambis 07/27/16 12:04:59 PM
#11417   Significant dilution can hurt a stock's share-price in ZTsambis 07/27/16 11:55:01 AM
#11416   So were there 2 reverse_splits within a year? ZTsambis 07/27/16 11:39:50 AM
#11415   POST-REVERSE-SPLIT High $1.05 Low $0.025, I believe. ZTsambis 07/27/16 11:24:31 AM
#11414   Or is it a bakery company from Chicago?? ZTsambis 07/27/16 11:16:35 AM
#11413   Or is it a cultivation system company? ZTsambis 07/27/16 11:15:53 AM
#11412   I thought $CHIT was a construction company ??? ZTsambis 07/27/16 11:01:00 AM
#11411   SIC-Industry_Classification: 5140 Wholesale-Groceries & Related Products ZTsambis 07/27/16 10:58:22 AM
#11410   Now designated OTC Pink Limited Information? ZTsambis 07/27/16 10:54:39 AM
#11409   Some buyer's remorse going on maybe? ZTsambis 07/27/16 10:45:46 AM
#11408   Did $CHIT really issue 3.5+BILLION shares in 5_months? ZTsambis 07/26/16 01:26:06 PM
#11407   5 BILLION AUTHORIZED EVEN AFTER 30,000-to-1 REVERSE SPLIT? ZTsambis 07/26/16 01:18:15 PM
#11406   Seems to me there's always more sellers than ZTsambis 07/26/16 01:05:36 PM
#11405   Asking .03 now ZTsambis 07/22/16 01:10:09 PM
#11404   How does a publicly traded construction company post TheLaserGuy 07/21/16 02:48:17 PM
#11403   Smells like CHIT is taking another huge dump TheLaserGuy 07/21/16 02:38:54 PM
#11402   Bidding 0.025 now ZTsambis 07/21/16 12:57:20 PM
#11401   Asking .05 now sweet crude 07/21/16 11:16:04 AM
#11400   25,000 @ .03 sweet crude 07/21/16 10:27:33 AM
#11399   New Post-Split Low ????? ZTsambis 07/21/16 10:23:18 AM
#11398   10:17am BID 0.025 ASK 0.03 Volume 31,000 -- ZTsambis 07/21/16 10:17:20 AM
#11397   WOW -- That LOI really stinks like CHIT ZTsambis 07/20/16 10:08:48 AM
#11396   All BS! All smoke and mirrors to dump stock. Luckydog83 07/19/16 11:51:21 AM
#11395   company has generated $0 in revenues since inception ??? ZTsambis 07/19/16 10:48:08 AM
PostSubject