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Cherubim Interests Inc. (CHIT)

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Cherubim Interests Inc (OTCMKTS:CHIT) Floored Back to $0.0001
by Todor Pichurov January 6, 2016

There really is precious little to be surprised about here, considering the hole that CHIT dug itself in over 2015. The first and most important factor here is dilution. Back in late July 2015 the company had 58.6 million outstanding common shares. By Aug 31 that number was up at 125 million.

In mid-October the company upped its authorized shares to a mind-boggling 5 BILLION. A little scary given the company had just 0.1 billion OS not two months ago, isn't it? It actually is, especially considering what CHIT did by the end of calendar 2015.

A Schedule 13-G published on Dec 30 reveals that a certain DTS Partners LLC holds a massive 200,000,000 CHIT common shares. Those 200 million comprise 6.1% of the company's outstanding stock, according to the filing. This would peg CHIT's outstanding common shares as of the end of 2015 at somewhere around 3,000,000,000 or 3 BILLION.

Going from 58 million to 3 billion over the span of five months and diluting your retail shareholders some 5000% could be enough of a feat to scare most anyone away from the stock.

The fact that CHIT's latest balance sheet is deplorable does not help either. Here is what the company reported in its annual for the year ended Aug 2015:

$16 thousand in cash
$19 thousand in total company assets
ZERO in annual revenues
$915 thousand in annual net loss

The summation of the above should shed some light on why CHIT remained locked in sub-pennies for months on end and eventually slid to rock bottom at $0.0001.

http://www.hotstocked.com/article/92438/cherubim-interests-inc-otcmkts-chit-floored-back.html
 




CHERUBIM INTERESTS (OTC: CHITD) SHARE STRUCTURE
 

Following Recent 1 - for - 20,000 Reverse Split
https://www.sec.gov/Archives/edgar/data/1421865/000107878217000806/pre14c053117_pre14c.htm

http://otce.finra.org/DailyList

 

Transfer Agent
Pacific Stock Transfer / Tel: (702) 361-3033 / Toll-Free: (800) 785-PSTC
http://www.pacificstocktransfer.com/contact/

 
Authorized Shares 15,000,000,000 a/o Jul 28, 2017
Outstanding Shares 9,541,138 a/o Jul 28, 2017
Outstanding Shares 12,202,353 a/o Aug 1, 2017
Outstanding Shares 12,407,759 a/o Aug 3, 2017
Outstanding Shares 12,888,834 a/o Aug 11, 2017
Outstanding Shares 14,645,202 a/o Aug 16, 2017
Outstanding Shares 707,121,769 a/o Oct 24, 2017
Outstanding Shares    
Outstanding Shares    
Outstanding Shares    
     
 
 


1 - for - 20,000   REVERSE SPLIT APPROVED ON MAY 31, 2017


On May 31, 2017, our board of directors and holders of a majority in interest of our voting capital stock approved a 1-for 20,000 reverse split of our common shares (“Reverse Split”). This approval is anticipated to be effective 20 days after this Information Statement has been distributed to our shareholders.

As a result of the Reverse Split, each shareholder of record as of May 31, 2017, will receive one (1) share of common stock for each twenty thousand (20,000) shares of common stock they held prior to the Reverse Split, provided however, that fractions of a share shall be rounded up to the nearest whole share.


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:  May 31, 2017

By:  /s/ Patrick Johnson                  
Patrick Johnson
Chief Executive Officer


https://www.sec.gov/Archives/edgar/data/1421865/000107878217000806/pre14c053117_pre14c.htm
 



1 - for - 30,000   REVERSE SPLIT APPROVED ON FEBRUARY 9, 2016


On February 9, 2016, our board of directors and holders of a majority in interest of our voting capital stock approved a 1-for 30,000 reverse split of our common shares (“Reverse Split”). This approval is anticipated to be effective 20 days after this Information Statement has been distributed to our shareholders.

As a result of the Reverse Split, each shareholder of record as of February 9, 2016, will receive one (1) share of common stock for each thirty thousand (30,000) shares of common stock they held prior to the Reverse Split, provided however, that fractions of a share shall be rounded up to the nearest whole share.

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


https://www.sec.gov/Archives/edgar/data/1421865/000107878216002298/pre14c020916_pre14c.htm

 




1 - for - 15   REVERSE STOCK SPLIT APRIL 27, 2015


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;

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.

Date:  April 29, 2015

CHERUBIM INTERESTS, INC.

By:  /s/ Patrick Johnson                  
Patrick Johnson
Chief Executive Officer


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


 


 
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CHIT News: Information Statement - All Other (definitive) (def 14c) 04/23/2018 04:25:15 PM
CHIT News: Current Report Filing (8-k) 04/23/2018 03:22:24 PM
CHIT News: Amended Current Report Filing (8-k/a) 03/19/2018 01:36:43 PM
CHIT News: Information Statement - All Other (definitive) (def 14c) 03/15/2018 02:19:14 PM
CHIT News: Current Report Filing (8-k) 03/15/2018 02:17:01 PM
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PostSubject
#19893  Sticky Note Expect 0.0001 if and when this does trade.... rbtree 03/05/18 02:42:27 PM
#19654  Sticky Note A dose of reality will help ease the pain: rbtree 02/19/18 11:30:12 PM
#19273  Sticky Note I wish I understood what hope anyone is ToddTheAxeMan 02/12/18 03:17:47 PM
#20141   Is Exobox CEO Shaun Irvine involved with this CHIT? FunkyCoolModena 05/24/18 01:18:21 PM
#20140   Legal Counsel Jehu Hand FunkyCoolModena 05/24/18 01:13:07 PM
#20139   Wonder if Patrick Johnson is now a flight risk? TheLaserGuy 05/24/18 12:41:42 PM
#20138   CHIT attorney Jehu Hand convicted of fraud. Huggy Bear 05/22/18 05:22:39 PM
#20137   Possibly some FBI actions to go along with delisting. TheLaserGuy 05/22/18 12:17:32 PM
#20136   yeah see, you get it GodInTheHeavens 05/20/18 12:06:27 PM
#20135   No. janice shell 05/19/18 06:30:30 PM
#20134   Is there something going on here davidpizarro073 05/19/18 06:08:13 AM
#20133   Yes. Were going to da moon baby Harry456 05/17/18 05:10:06 PM
#20132   Is something going on... they keep buying davidpizarro073 05/17/18 02:28:44 PM
#20131   looks like that week off was to work crossball 05/16/18 10:22:13 AM
#20130   As in "down-to-Saturn via umbrella" reason rbtree 05/15/18 02:00:13 PM
#20129   No, more likely will be revoked by the PRmaniac 05/15/18 10:32:27 AM
#20128   Well perhaps, but there really isn't much sport, Huggy Bear 05/15/18 12:44:20 AM
#20127   I think the reason is more down-to-earth than that... janice shell 05/15/18 12:42:50 AM
#20126   Pfft. Johnson and Ekejija have that CHIT Huggy Bear 05/15/18 12:40:28 AM
#20125   There's LOTS more rhodium on Saturn. Maybe. janice shell 05/15/18 12:36:32 AM
#20124   Exactly. And I'll tell you what, Frank Huggy Bear 05/15/18 12:34:59 AM
#20123   Indeed, rhodium is the key!! To everything!! janice shell 05/15/18 12:22:52 AM
#20122   Nonsense. It's moving off the Grey Sheets Huggy Bear 05/15/18 12:22:13 AM
#20121   No. janice shell 05/14/18 07:37:52 PM
#20120   Will chit be off the gray list soon? JohnyUtah 05/14/18 07:31:50 PM
#20119   a week without a thought...chitty crossball 05/14/18 06:33:07 PM
#20118   Can’t be any worse 1manband 05/07/18 10:42:04 PM
#20117   Can’t be any worse pennystockbrad 05/07/18 10:36:02 PM
#20116   Maybe the wheels are turning for the better? rmpenstk 05/07/18 04:13:29 PM
#20115   Gotta have somewhere to siphon remaining assets of PRmaniac 05/07/18 02:39:04 PM
#20114   What the hell does this mean? Maybe CHIT has pennystockbrad 05/07/18 11:17:42 AM
#20113   What is the date on this fake news? TheLaserGuy 05/07/18 09:47:40 AM
#20111   THUNDER BRINGS THE NEWS Cherubim Interests Subsidiary Begins Implementing THEREISTHETHUNDER 05/05/18 12:03:52 PM
#20110   This is dead davidpizarro073 05/03/18 10:09:34 AM
#20109   I hope that's the case... janice shell 05/02/18 04:47:30 PM
#20108   Possibly FBI and joint SEC action brewing? TheLaserGuy 05/02/18 03:32:51 PM
#20107   Revocation could happen any day now. janice shell 05/01/18 09:25:34 PM
#20106   So wierd why would it say that... davidpizarro073 05/01/18 02:48:18 PM
#20105   Wow, bankruptcy next? That's what I'm guessing, since PRmaniac 05/01/18 12:28:51 PM
#20104   https://walletinvestor.com/stock-forecast/chit-stock-prediction davidpizarro073 05/01/18 11:25:58 AM
#20103   Not likely for a couple years... rbtree 05/01/18 11:21:56 AM
#20102   Revocation could happen any day now. PRmaniac 05/01/18 10:08:28 AM
#20101   Revocation, were it to occur, would be years rbtree 04/30/18 04:48:42 PM
#20100   Will CHIT be revoked by SEC? I wonder PRmaniac 04/26/18 01:18:48 PM
#20099   1 meeeeeeeelion shares traded today. TheLaserGuy 04/25/18 02:34:20 PM
#20098   CHIT CHIT Bang Bang muffled crossball 04/23/18 10:37:31 AM
#20097   Yes...and that "somewhere" is the trash heap. It's rbtree 04/18/18 03:52:07 PM
#20096   Well i hope so! Still had a small moorecj1976 04/18/18 11:15:37 AM
#20095   This is going somewhere facts Mrvince 04/18/18 11:02:56 AM
#20094   Seriously! Usually there are at least one or moorecj1976 04/16/18 02:00:29 PM
#20093   It happens. The other two haven't traded, though. rbtree 04/16/18 01:48:57 PM
#20092   True....good point. Just shocked when i saw some moorecj1976 04/16/18 01:14:31 PM
#20091   Idiocy....? Delusion ? False hope...? Dementia..? Hallucinogens...? rbtree 04/16/18 01:05:35 PM
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