Cherubim Interests Inc (CHIT)

[FunkyCoolModena]

ARE THERE REALLY 5,000,000,000 (5 BILLION) SHARES AUTHORIZED?

If yes, why so much ?

Is CHIT planning to issue billions of shares again ??




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




As of January 19, 2016, there were 3,672,260,027 shares of common stock outstanding.

See, http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119931987




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.

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