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Cherubim Interests Inc. (CHIT)

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Last Post: 10/22/2017 11:26:20 PM - Followers: 168 - 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: Current Report Filing (8-k) 10/20/2017 06:06:47 AM
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
PostSubject
#15929  Sticky Note CHIT~~Cherubim Interests, Inc. Receives $7,000,000 Commitm m1999 10/03/17 03:24:30 PM
#10630  Sticky Note Pump & Dump Superstar Attorney, Jehu Hand, Indicted AdrianZadonis 02/15/16 07:38:47 PM
#16118   Great news....$CHIT acquired Bud Cube Cultivation.... KPaul 10/22/17 11:26:20 PM
#16117   Sure hope so i_like_bb_stock 10/22/17 11:07:27 PM
#16116   Float 203,528,184 a/o Oct 13, 2017 LivinLarge8 10/22/17 10:38:38 PM
#16115   On October 12, 2017, the Company acquired all LivinLarge8 10/22/17 10:37:11 PM
#16114   Big week coming LivinLarge8 10/22/17 10:33:00 PM
#16113   Huge Move Coming this week hold on for LivinLarge8 10/22/17 10:32:38 PM
#16112   LOL this is another PURE FRAUD. malc stone 10/21/17 11:13:43 AM
#16111   Debts almost gone though, unlike the past (where Penny Planet 10/20/17 11:39:23 AM
#16110   15 billion AS.....Patrick you are a genius bignastydude 10/20/17 09:56:13 AM
#16109   With the merger just announced looks like more the_stockoracle 10/20/17 08:40:09 AM
#16108   8-K merger CandyCan3 10/20/17 08:04:28 AM
#16106   hope so i_like_bb_stock 10/19/17 02:13:55 PM
#16105   Added some here today - bounce past 00's ZipCash 10/19/17 02:08:40 PM
#16104   Holding my tickets here. OTC Knight 10/19/17 11:12:24 AM
#16103   10M bid .0005 9M ask .0006 like the lukin4winners 10/18/17 02:44:14 PM
#16102   25M seller out now bid building looking for lukin4winners 10/18/17 02:07:20 PM
#16101   looking decent here Rainer 10/18/17 02:04:57 PM
#16100   Agreed L2 certainly is thin to .0125 moves lukin4winners 10/18/17 01:07:00 PM
#16099   Nice. If we close at .0008 will form t8rX 10/18/17 12:59:46 PM
#16098   .0005 bid increasing CDEL VNDM off the ask lukin4winners 10/18/17 12:57:36 PM
#16097   Nice! Ty t8rX 10/18/17 12:54:25 PM
#16096   VNDM moved Rainer 10/18/17 12:45:46 PM
#16095   got some 5s VNDM showing real size maybe i_like_bb_stock 10/18/17 12:38:26 PM
#16094   .0009 bounce coming imo C.R.T 10/18/17 09:28:42 AM
#16093   Agree bottom chart ready for a strong reversal lukin4winners 10/18/17 09:01:16 AM
#16092   CHIT big bounce coming C.R.T 10/18/17 07:42:39 AM
#16091   Dilution is ending, volume is increasing, news ThirdSyte 10/17/17 10:30:26 PM
#16090   What is going on here? Will it run? sim2010 10/17/17 09:50:30 PM
#16089   09/05/17 Cherubim Interests, Inc. Receives $7,000,000 Commitment from GHS In ThirdSyte 10/17/17 04:25:09 PM
#16088   CHIT will bounce tomorrow C.R.T 10/17/17 03:37:35 PM
#16087   i tried to warn you guys chit dont uwantmoneytoo 10/17/17 03:27:00 PM
#16086   Do it! Crush that bid! thugnificent 10/17/17 02:57:17 PM
#16085   Nomnomnomnomnomnom thugnificent 10/17/17 02:53:41 PM
#16084   Go Go CHIT. Flush another batch straight malc stone 10/17/17 02:29:39 PM
#16083   What a piece of chit. GreenMachine 10/17/17 02:01:15 PM
#16082   Added more here. Go CHIT. OTC Knight 10/17/17 01:59:38 PM
#16081   Peeps leaving this CHIT behind. Pennywiserr 10/17/17 12:46:51 PM
#16080   Bottom chart ready for a strong upsurge with lukin4winners 10/17/17 12:17:59 PM
#16079   Did this company release multiple PR's for last CandyCan3 10/17/17 10:52:02 AM
#16078   Break coming L2 ask very thin here to .00s. lukin4winners 10/17/17 10:39:15 AM
#16077   Investment in realities land and agriculture grow up .. Urbin_Invest 10/17/17 10:10:47 AM
#16076   Let's go slowly but sure up, up up ... Urbin_Invest 10/17/17 09:57:00 AM
#16075   Will add more, super thin... KPaul 10/17/17 09:40:11 AM
#16074   CHIT news is the catalyst for .00s today lukin4winners 10/17/17 09:36:52 AM
#16073   getting bought up here first news in awhile i_like_bb_stock 10/17/17 09:32:50 AM
#16072   10 bag minimum like last year? thugnificent 10/17/17 08:59:17 AM
#16071   Weeee time to get chit rich like last thugnificent 10/17/17 08:58:46 AM
#16070   Nice news $CHIT http://bit.ly/2hLMgI6 Wishful Thinking 10/17/17 08:52:04 AM
#16069   news maybe get a bounce today Cherubim Interests i_like_bb_stock 10/17/17 08:50:08 AM
#16068   Bounces plenty? Look at the chart and see BoNuS84 10/17/17 08:48:47 AM
PostSubject