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Cherubim Interests Inc. (CHIT)

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Last Post: 12/4/2016 2:59:45 AM - Followers: 119 - 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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Volume:
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SureTrader
CHIT News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 11/30/2016 05:23:13 PM
CHIT News: Amended Quarterly Report (10-q/a) 11/30/2016 04:48:29 PM
CHIT News: Current Report Filing (8-k) 11/23/2016 06:06:40 AM
CHIT News: Statement of Ownership (sc 13g) 11/18/2016 06:02:57 AM
CHIT News: Cherubim Interests Inc. Subsidiary Locates Flagship Property for Launch of Technology and Business Concept 11/17/2016 09:45:57 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
#11855   Looks like a nice up channel ahead of us... Cheds 12/04/16 02:59:45 AM
#11854   How convenient that VNDM moved back to 005...right BeardOfWallSt 12/03/16 10:53:29 PM
#11853   The $CHIT is looking good !Buying more ! slicetrader 12/03/16 11:34:17 AM
#11852   $CHIT - Daily chart - Pretty easy to Cheds 12/03/16 09:49:31 AM
#11851   KTM great play selection $CHIT Cheds 12/02/16 06:37:48 PM
#11850   Back to .0001 soon.. rinse & repeat! Investors Prime-Time 12/02/16 06:19:55 PM
#11849   Ayyyy cheds here kmerrill057 12/02/16 05:28:40 PM
#11848   It was a bold opinion. ZTsambis 12/02/16 03:40:09 PM
#11847   Chit is about to get real Bob Dolina 12/02/16 03:28:04 PM
#11846   Cheds is in Cheds 12/02/16 12:58:02 PM
#11845   Added 11's this is going to pop! kmerrill057 12/02/16 12:54:58 PM
#11844   Nice use of bold Cheds 12/02/16 11:13:13 AM
#11843   TRIP ZEROS ARE INEVITIABLE, just wait & see, ZTsambis 12/02/16 11:12:10 AM
#11842   Mee! SGT. SIX STRING 12/02/16 08:41:49 AM
#11841   Umm nobody cares who bought 0011 Mr Rollup 12/02/16 07:45:28 AM
#11840   Umm, this stock is a serial scam that malc stone 12/02/16 12:02:16 AM
#11839   Beauty of a close. Looking forward to tomorrow LoveItInBishop 12/01/16 07:44:15 PM
#11838   HUGE!!!!! CHIT will go far, imo LoveItInBishop 12/01/16 07:41:24 PM
#11837   Nice close here. Tomorrow will be fun especially kmerrill057 12/01/16 04:40:48 PM
#11836   Wow 15M BID SUPPORT!!! channingtatum 12/01/16 02:37:03 PM
#11835   Huge 8M bid at .001 channingtatum 12/01/16 02:31:24 PM
#11834   CHIT Red to Green. Looks ready VNDM RavenDusk1 12/01/16 02:29:34 PM
#11833   They'll sticky after they load 1s I bet lol channingtatum 12/01/16 01:06:39 PM
#11831   CHIT News 11/30/16 Cherubim Interests, Inc. Retires Additional Debt Mr Rollup 12/01/16 12:21:51 PM
#11830   Shifting CHIT Mr Rollup 12/01/16 12:18:54 PM
#11829   It wanted to bounce off its 52 week liontrades 12/01/16 12:13:19 PM
#11828   $CHIT ~ Bouncing nicely from 52wk low! Btw Rider76 12/01/16 12:05:45 PM
#11827   Watching CHIT very closely. Gray Lightning 12/01/16 11:50:07 AM
#11826   Agreed! channingtatum 12/01/16 10:44:33 AM
#11825   CHIT l2 looking better, nice bids RavenDusk1 12/01/16 10:44:21 AM
#11824   CDEL needs to finish IMO.. only seller aggressively channingtatum 12/01/16 10:43:09 AM
#11823   terd, bounce Mr Rollup 12/01/16 10:32:40 AM
#11822   FILING would be nice! channingtatum 12/01/16 10:27:59 AM
#11821   Wow Mr Rollup 12/01/16 09:55:21 AM
#11820   bid whackers are the wackness mrets123 12/01/16 09:38:00 AM
#11819   Nice volume E2ther 12/01/16 01:22:27 AM
#11818   Yep can't wait chit hits the fan, lol LoveItInBishop 12/01/16 12:35:21 AM
#11817   Portable plant cultivation facilities ! MNJA ! slicetrader 12/01/16 12:02:59 AM
#11816   Mjna. play ! There involved ! ??? slicetrader 12/01/16 12:00:04 AM
#11815   Volume alert .0014 M-invest 11/30/16 09:36:51 PM
#11814   I agree we are golden if VNDM stays away kmerrill057 11/30/16 08:55:39 PM
#11813   We certainly have gained a lot of attention togmaster 11/30/16 08:37:29 PM
#11812   Yessir nice debt reduction news plus VNDM moved kmerrill057 11/30/16 06:59:54 PM
#11811   $CHIT loaded today, huge volume!!! Rider76 11/30/16 06:57:48 PM
#11810   Tomorrow we fly kmerrill057 11/30/16 06:10:57 PM
#11809   http://archive.fast-edgar.com/20161130/AIZZSG2CZ22D7ZT222292ZZ2TUKCZZ2HWO82 artsea 11/30/16 04:50:30 PM
#11808   Retiring debt. vndm printed his sells and moved SGT. SIX STRING 11/30/16 04:45:58 PM
#11807   Tomorrow will be interesting to see if VNDM kmerrill057 11/30/16 04:21:43 PM
#11806   I think that were sellers from higher wanting out. mrets123 11/30/16 03:33:59 PM
#11805   I have CHIT VNDM moved to 005 RavenDusk1 11/30/16 03:33:59 PM
PostSubject