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Cherubim Interests Inc. (CHIT)

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Last Post: 4/28/2016 11:39:46 AM - Followers: 109 - Board type: Free - Posts Today: 0


!!!   NEWS OUT FEBRUARY  9, 2016   !!!

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
 


 

 


Cherubim Interests, Inc. is a development-stage alternative construction and real estate development company seeking various opportunities relative to the company's management team of experts in property management, construction and finance.

The company's primary focus is on the controlled environment agriculture industry, which Cherubim recently entered into by acquiring an exclusive worldwide license for a proprietary cultivation unit. Through its wholly owned subsidiary, BudCube Cultivation Systems USA, Cherubim plans to construct, deploy and lease scalable medical and recreational marijuana cultivation facilities for commercial applications.

Coupled with a real estate development and property management business model, BudCube Cultivation Systems ("BCS") can position itself anywhere in the world where the cultivation of cannabis is legal. BCS's unique business model positions the company to greatly benefit as more market participants seek to gain entry into a fast-growing market at an attractive price point.

Armed with the ability to lease a portable and scalable turn-key cultivation solution to growers, Cherubim aims to use its licensed solution to fill the gap for both first-time and experienced cultivators who may not have the capital resources to buy land, construct or tenant-improve existing structures for the optimum environment for developing a high-quality cannabis product.

 

 



BudCube Market Opportunities





SHORT TERM

BCS's current short-term opportunity is based solely on the legalization of Oregon Medical and Recreational Cannabis:

  • Medical cannabis sales represents a market of $60 mm / year
    Recreational cannabis sales represents a market of $550 - 600 mm / year
    Demand for technology is strong
    Demand is outpacing capacity in the short run

 

LONG TERM

  • Size of market estimate 35B - 451B
    Legalization of medical cannabis in Canada effective April 2014
    Rapid state-by-state Legalization initiatives of medical cannabis in the U.S.
    23 States and the District of Columbia have some form of legalization in place
    Size of market estimate 35B - 451B
    Goal to use state of Oregon as "expansion model" into other states such as Nevada, California, Colorado, Washington, D.C. and Canada

 


Proprietary Technology

Proprietary, fully portable and scalable, cultivation technology serves as a turnkey solution for cultivators of legal medical and recreational cannabis, as well as any other plant species

BUDCUBE CULTIVATION SYSTEM DEPLOYMENT VS TRADITIONAL CONSTRUCTION AND CULTIVATION TIMELINE

 


BudCube Advantage

"With the ability to lease a portable and scalable turn-key cultivation solution to growers, we believe our licensed solution can fill the gap for many who want to enter into the industry as first-timers, or experienced cultivators who do not have the capital resources to buy land, construct or tenant-improve existing structures for the optimum environment for developing a high-quality cannabis product."

- CEO Patrick Johnson

 


Management

Patrick J. Johnson CEO

Patrick Johnson majored in Journalism and Communications at the University of Oregon from 1994 to 1997, and attended the Craig James Broadcast School in 2000. Johnson has held C-Level positions in the oil and gas, construction, consumer products, and nutraceutical industries in both public and private sectors, as well as consulting in the private equity, mining, gaming, entertainment, Internet, and corporate finance industries. Patrick has assisted several charities and non-profit organizations with his volunteer and fund raising efforts. During his NFL career, Patrick pledged money for the Baltimore Ravens/Police Athletic League Challenge of Champions, modeled in a Tommy Hilfiger Fashion Show to help raise money for the Living Classrooms Foundation of Baltimore, an educational program that targets at-risk youth, and also spearheaded the fifth annual "Baltimore Reads Books for Kids Day" at Baltimore Polytechnic High School in 2000, helping the group collect nearly 25,000 children's books that were distributed to low-income families.

Patrick was a two-sport athlete at the University of Oregon, excelling in both football and track, winning numerous awards and championships during his collegiate athletic career. As an Olympic caliber sprinter, Johnson won the Pac-10 Championships in the 400 meters, an NCAA All-American at 100 and 200 meters, and defeated the legendary Carl Lewis in a 100-meter race at the Drake Relays in 1995. As all pacific – 10 / All American wide receiver and kick returner at Oregon, he was Offensive MVP of the 1997 Las Vegas Bowl and was also a member of UO's 1994 Rose and 1995 Cotton Bowl teams. Johnson was inducted into the University of Oregon Athletics Hall of Fame for both sports in 2014, and was the 42nd overall pick in the 1998 NFL draft. Johnson also earned a Super Bowl ring when the Baltimore Ravens defeated the New York Giants 34 -17 in Super Bowl XXXV.

 

Corbin Grubbs CFO

Corbin Grubbs 38, a graduate of Texas Tech University, is the former Director and Chief Financial Officer of a nationally recognized debt purchaser. For over eight years he was an instrumental part of the executive management team that eventually sold the Company's portfolio of assets to a larger publically held debt buyer. Grubbs has over 20 years of accounting and financial business experience. Prior to this engagement, Corbin has held various management and leadership positions with both private and publically held organizations within the automotive, healthcare, financial services, and manufacturing industries. These opportunities have been with market leaders within their respective areas of expertise and some have annual revenues in excess of forty million dollars.

 

Jon Seidel

Jon Seidel is an experienced educator, religious leader, and community interfaith activist in Eugene Oregon, with a PhD from UC Berkeley (1996) and was a Hayes-Fulbright scholar at Cambridge University in England. Jon has taught at many West Coast institutions including Stanford, Berkeley, ASU, the University of Arizona, Portland State and the University of Oregon. He is working on a number of civic projects including post modern spirituality (TV series), Jewish cultural education and several books that include research in healing, magic and religion in history. In years past he led Spritual Wilderness trips for teens and College age youth. His has been active his whole adult life in Religion and Environmental Education, New Ethnic Music and is a trained Cantor.

 


Cherubim Interests, Inc.
1304 Norwood Dr.
Bedford, Texas, 76022
Phone: (844) 842-8872
www.BudCube.com

QualityStocks Investor Relations
3370 N. Hayden Rd. Suite 123-591
Scottsdale, AZ 85251
Phone: (480) 374-1336
www.QualityStocks.net
Editor@QualityStocks.net

 

QualityStocks is a moderator of this board. Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net

 


 
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CHIT
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CHIT News: Quarterly Report (10-q) 04/14/2016 02:53:20 PM
CHIT News: Current Report Filing (8-k) 03/08/2016 06:02:29 AM
CHIT News: Amended Statement of Ownership (sc 13g/a) 02/12/2016 04:02:38 PM
CHIT News: Current Report Filing (8-k) 01/21/2016 01:05:12 PM
CHIT News: Quarterly Report (10-q) 01/20/2016 01:10:53 PM
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
#11257   How much you got charged for: Italia77 04/28/16 11:39:45 AM
#11256   Ah week more or less ;) E2ther 04/26/16 02:10:16 PM
#11255   Give it another week! or month, or year! :D G3TCRUNK3R 04/25/16 12:59:00 PM
#11254   We will hit .0002 within a week? ScottAllen 04/24/16 02:59:37 PM
#11252  Restored Wait for it! Will hit 0.0002 within a week E2ther 04/19/16 12:40:54 PM
#11251   What happened to the r/s here? No news Yukii 04/18/16 01:01:55 PM
#11250   At this point I wish they would do Charlie3274 04/15/16 09:19:57 AM
#11249   GM Malc, welp, Patrick’s not a quitter: 12yearplan 04/15/16 09:02:12 AM
#11248   So 30,000-to-1 REVERSE SPLIT still on I guess?? ZTsambis 04/15/16 08:36:03 AM
#11247   Thanks for the 10Q verifying CHIT is still Anticipating 04/15/16 08:28:23 AM
#11246   It's a real piece of CHIT no doubt. malc stone 04/15/16 12:15:36 AM
#11245   Interesting read/looking good, up from here, lol?. 12yearplan 04/14/16 09:25:38 PM
#11244   News was so promising... Luckydog83 04/13/16 03:50:35 PM
#11241   Wasn't Jehu Hand CHIT's attorney? ZTsambis 04/12/16 12:03:00 AM
#11240  Restored Well Scotttrade says CHIT is still trading... No 2/Time/Trader 04/11/16 09:57:30 PM
#11237   There was some trader guy that claimed he TheLaserGuy 04/06/16 12:09:53 PM
#11236   You win some & lose some... Life in Prime-Time 04/06/16 09:57:59 AM
#11235   CHIT is no more... website gone and everything... Luckydog83 04/06/16 09:56:40 AM
#11234   Loaded!! Prime-Time 04/05/16 09:15:07 PM
#11233   $CHIT is about to explode!!!!! Don't get any thermal164 04/05/16 07:13:08 PM
#11232   Just stopped by, I see the same old sta loose 04/02/16 04:07:40 PM
#11231   I wonder who's jail sentence will be longer Smilin_B 04/01/16 11:50:08 PM
#11229   Yes you are absolutely 100% correct Cybertrader. Thank you Smilin_B 04/01/16 02:03:59 AM
#11228   Every single day Another LIE Smilin_B 03/31/16 05:46:27 PM
#11226   CHIT is a complete scam. I am malc stone 03/31/16 11:04:16 AM
#11225   Don't be an APRIL'S FOOL, buy shares today!!!!! #CHIT thermal164 03/31/16 07:50:48 AM
#11224   OMG!!! Tomorrow there will be a HUGE PR thermal164 03/31/16 07:49:39 AM
#11223   Huge Gains coming! Get Ready! When the News Cybertrader 03/31/16 06:28:40 AM
#11222   Like another LIE perhaps? Smilin_B 03/30/16 11:47:28 PM
#11221   Buy 1s&2s news coming $$$$$$$$$$$$$ anthony tortorella 03/30/16 08:40:12 PM
#11220   No, just keep hearing 2 posters say the thermal164 03/30/16 12:49:31 PM
#11219   did they make it official? been waiting over Charlie3274 03/30/16 12:20:42 PM
#11218   Is the website supposed to be back on TheLaserGuy 03/30/16 11:13:58 AM
#11217   Yeap, A 1 : 30,000 R/S!!!!! OOOOOOOH $CHIT!!!! thermal164 03/30/16 09:27:27 AM
#11215   Get ready something big is coming! Cybertrader 03/30/16 07:46:25 AM
#11212   I think it fits this fraud perfectly. CHIT malc stone 03/29/16 06:04:00 PM
#11211   No, I'm dealing with this POS!!! And yes thermal164 03/29/16 09:12:23 AM
#11209   DELISTING????? SEC HALT????? R/S???? thermal164 03/29/16 08:06:47 AM
#11208   Worst symbol choice in history... CHIT :-D Weird·o 03/28/16 11:29:27 PM
#11206   Apparently there is another one on here because watching007 03/28/16 12:29:26 PM
#11205   Big NEWS ON THE WAY. WEEEEEEEEEEEEEEEEEEEEE. CHIT Wolfofukraine 03/28/16 09:10:26 AM
#11204   Loaded and bloated April BIG MONTH!!! CHIT NO Wolfofukraine 03/27/16 08:37:24 PM
#11199   Where did you read that they are going watching007 03/25/16 11:23:44 AM
#11198   I sure did! I also read that $CHIT ZTsambis 03/25/16 07:09:58 AM
#11197   Did you all see CyberTrader's post here lastnight Smilin_B 03/25/16 01:17:13 AM
#11196   In my opinion, $CHIT and/or some of $CHIT's ZTsambis 03/25/16 01:04:55 AM
#11195   Funny as all hell! No one knows Sprycel 03/24/16 08:53:56 PM
#11193   The only funding these clowns were trying to malc stone 03/24/16 05:19:29 PM
#11192   funny. You know if others aren't bothered by watching007 03/24/16 04:40:35 PM
#11191   So what? TheLaserGuy 03/24/16 04:18:47 PM
PostSubject