Cherubim Interests Inc (CHIT)

[FunkyCoolModena]

So were there 2 reverse_splits within a year?


... a 30,000-to-1 R/S on May 31, 2016?

and prior to that

... a 15-to-1 R/S on June 16, 2015?




http://www.otcmarkets.com/stock/CHIT/profile

Security NotesCapital Change=shs decreased by 1 for 15 split
Pay date=06/16/2015.

Capital Change=shs decreased by 1 for 30000 split.
Pay date=05/31/2016.







https://www.sec.gov/Archives/edgar/data/1421865/000107878216002300/f8k020916_8k.htm

Item 5.07 Submission of Matters to a Vote of Security Holders

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.








https://www.sec.gov/Archives/edgar/data/1421865/000107878215000653/f8k042915_8k.htm

Item 1.01 Entry Into A Material Definitive Agreement

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.