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Cherubim Interests Inc. (CHIT)

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Last Post: 6/30/2016 4:11:33 PM - Followers: 104 - 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
 


 

 



 
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CHIT
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Volume:
Bid Ask Day's Range
SureTrader
CHIT News: Current Report Filing (8-k) 06/01/2016 05:20:12 PM
CHIT News: Current Report Filing (8-k) 06/01/2016 05:18:56 PM
CHIT News: Cherubim Interests, Inc. Acquires Victura Roofing and Cherubim Builders Group Oklahoma 05/31/2016 07:55:45 AM
CHIT News: Amended Quarterly Report (10-q/a) 05/23/2016 02:28:52 PM
CHIT News: Quarterly Report (10-q) 04/14/2016 02:53:20 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
#11355   CHIT Offers Update on Corporate Initiatives QualityStocks 06/30/16 04:11:33 PM
#11353   CHIT was supposed to R/S and open at Smilin_B 06/23/16 10:55:27 PM
#11352   Is 0.16 share-price same as 0.0000053333333333 pre-split share-price? ZTsambis 06/23/16 03:23:42 PM
#11351   So 0.20 BID same as 0.0000066666666667 pre-split BID? ZTsambis 06/22/16 11:58:54 AM
#11350   11:56am BID 0.20 ASK 0.65 Volume 0 -- ZTsambis 06/22/16 11:57:45 AM
#11349   So glad I did not buy a truck TheLaserGuy 06/20/16 05:01:26 PM
#11348   Defendant: Cherubim Interests, Inc. Case Number: 4:2016cv00172 Chapel ZTsambis 06/17/16 01:43:05 PM
#11347   The Company has initially reserved 1,000,000 shares of ZTsambis 06/17/16 01:39:40 PM
#11346   ~~SHOCKING~~!!! if A/S is still 5,000,000,000 shares ZTsambis 06/17/16 12:45:43 PM
#11345   Pacific Stock Transfer / Tel: (702) 361-3033 ZTsambis 06/17/16 12:43:28 PM
#11344   So was this a disproportional REVERSE SPLIT? ZTsambis 06/17/16 12:41:17 PM
#11343   After 30,000-to-1 Reverse Split, Authorized still the same?? ZTsambis 06/17/16 12:35:50 PM
#11342   OH CHIT!! AUTHORIZED SHARE COUNT STILL 5 BILLION ZTsambis 06/17/16 12:33:25 PM
#11341   LMAO! Track record is buy a shell, do curious1ty 06/17/16 03:23:37 AM
#11339   Wow BID only $0.20 after 30,000-to-1 R/S ZTsambis 06/16/16 08:50:32 PM
#11338   I have had a sell order in for ScottAllen 06/15/16 11:41:37 AM
#11337   How do you look up cases filed agains watching007 06/13/16 12:30:28 PM
#11336   And did you see the settlement filing yesterday???? Sprycel 06/10/16 07:10:28 AM
#11335   And did you see the settlement filing yesterday???? Sprycel 06/10/16 07:10:28 AM
#11334   https://www.pacermonitor.com/public/case/10860099/Chapel_Investments,_Inc_v_Cher ZTsambis 06/10/16 06:31:58 AM
#11333   So why was Cherubim sued in Texas? ZTsambis 06/10/16 06:26:10 AM
#11332   Chapel Investments, Inc. v. Cherubim Interests, Inc. ZTsambis 06/10/16 06:24:53 AM
#11331   ROFLMAO, they screwed Chapel too!!! Sprycel 06/09/16 05:13:08 PM
#11330   Okay even I have to say I find Sprycel 06/09/16 03:30:52 PM
#11329   Significant dilution again?? ZTsambis 06/08/16 02:55:08 PM
#11328   Yeah, I'm a bit confused, R/S 30,000 to G3TCRUNK3R 06/08/16 12:21:50 PM
#11327   CHITD was supposed to open at $3/share post Smilin_B 06/07/16 07:41:12 PM
#11326   Well, one has multiple felonies for theft, we watching007 06/07/16 05:15:29 PM
#11325   Wow! Talk about shareholders being fleeced!!#! $!#!! TheLaserGuy 06/07/16 03:16:55 PM
#11324   .30 and climbing.. Load now dollars coming next Prime-Time 06/06/16 12:39:59 PM
#11323   R/S has been cancelled! Smilin_B 06/04/16 11:16:29 PM
#11321   Is more MASSIVE DILUTION on its way??? ZTsambis 06/04/16 08:28:48 AM
#11320   What's the track record of these CHIT people ZTsambis 06/04/16 08:26:01 AM
#11319   Wouldn't that be the equivalent of $0.0000010833333333 pre-split? ZTsambis 06/04/16 08:24:00 AM
#11318   Three and a quarter cents post-split ????? ZTsambis 06/04/16 08:23:47 AM
#11317   And now a new post-split closing price $0.0325 ZTsambis 06/04/16 08:18:59 AM
#11316   Then a new open price of $1.05 on 6/1/2016 ZTsambis 06/04/16 08:17:06 AM
#11315   Then a humongous 30,000-to-1 REVERSE SPLIT ZTsambis 06/04/16 08:14:33 AM
#11314   So $0.0001 for months with NO BIDS ZTsambis 06/04/16 08:13:29 AM
#11313   Friday close $0.0325 -0.2775 (-89.52%) I believe. ZTsambis 06/04/16 08:12:17 AM
#11312   ROFLMAO @ that statement! This has to be the Smilin_B 06/04/16 08:03:23 AM
#11311   Way to go. Chitd. I don't think market Blackthirteen 06/04/16 06:05:50 AM
#11310   Looks like 127,000 float is the right? If Yukii 06/03/16 10:38:56 AM
#11309   What the new share structure after the r/s Yukii 06/03/16 09:41:59 AM
#11307   Wipeout central for this Jehu Hand FRAUD. malc stone 06/02/16 06:46:58 PM
#11306   Wow did some shareholders get SOOO screwed or what? ZTsambis 06/02/16 02:55:54 PM
#11304   T/A GAGGED? WHAT'S THE NEW SHARE STRUCTURE? ZTsambis 06/02/16 07:06:28 AM
#11302   So what's the new post-split Float now? ZTsambis 06/02/16 07:00:17 AM
#11301   15,000,000 post-split shares would equal 450,000,000,000 pre-split shares ZTsambis 06/02/16 06:54:57 AM
#11300   Johnson???? perfect name for this crook and a doingfine 06/01/16 08:50:56 PM
PostSubject