Home > Boards > US OTC > Retail - Wholesale Distributors >

Cherubim Interests Inc. (CHIT)

CHIT RSS Feed
Add CHIT Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board: 
Last Post: 7/11/2020 8:43:30 AM - Followers: 165 - Board type: Free - Posts Today: 0


 
 
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
 


 


 
CHIT
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
PostSubject
#20452   haven’t been here in awhile go pat waiting Mrvince 07/11/20 08:43:30 AM
#20451   Stock is done these are facts do your homework Mrvince 05/28/20 10:35:22 AM
#20450   No, it is not. janice shell 05/14/20 01:06:54 AM
#20449   Is this CHIT getting ready to take off? Bigstud is here 05/14/20 12:32:41 AM
#20448   Call your broker & ask. Homebrew 04/30/20 05:20:06 PM
#20447   How does one dump this trash from their ravenscroft 04/30/20 05:08:08 PM
#20446   Go chit lmao I can even get rid Mrvince 04/15/20 02:36:50 PM
#20445   lol people it’s getting to uplist on the Mrvince 03/20/20 10:02:23 AM
#20444   !! No CHIT !!! flash6 03/01/20 12:41:21 PM
#20443   Not possible, as those two are not SEC registrants. rbtree 02/14/20 02:14:21 AM
#20442   People stop living in a dream world these Mrvince 02/12/20 03:08:40 PM
#20441   Pursuant to the requirements of the Securities Exchange getmoreshares 02/06/20 08:36:29 AM
#20440   wonder if the other 2(PDXP-& -V***) will file also getmoreshares 02/06/20 08:35:01 AM
#20439   Oh CHIT - What is this guy up CrazyC 02/06/20 08:01:32 AM
#20438   Go pat Johnson you did awesome lmao go Mrvince 01/07/20 01:03:27 PM
#20437   Wow something spent a 100 Mrvince 12/23/19 10:08:05 AM
#20436   Lol so true Mrvince 12/22/19 12:38:06 PM
#20435   Let em eat cake. Huggy Bear 12/22/19 11:58:59 AM
#20434   Company is garbage stop wishing we all did Mrvince 12/19/19 11:43:51 AM
#20433   Nowhere. It still won't have a bid janice shell 12/13/19 09:30:22 PM
#20432   Where is this headed with the tier change? rmpenstk 12/13/19 06:06:57 PM
#20431   $CHIT Tier_Change= Grey Market to Expert Market Golden_Cross 12/13/19 12:31:51 PM
#20430   Mr huggy please do explain to these people Mrvince 12/11/19 12:11:02 AM
#20429   The other shells are not doing anything except Huggy Bear 12/10/19 08:16:14 AM
#20428   Lmao here we go with the pump pat Mrvince 11/25/19 02:29:00 PM
#20427   Stock is toast point blank there’s no hoping Mrvince 11/24/19 12:18:39 PM
#20426   Yea all right this stock is going to Mike245 11/18/19 10:39:45 AM
#20425   Rbtree they don’t know about mr Johnson unfortunately Mike245 11/09/19 09:19:52 AM
#20424   The three are nothing but worthless shells. PDXP rbtree 11/06/19 01:39:26 PM
#20423   It must be soon since the other two JohnyUtah 11/06/19 12:45:39 PM
#20422   no idea-- only thing we can do- WAIT getmoreshares 11/06/19 09:02:35 AM
#20421   When will CHIT start trading? The other 2 rmpenstk 11/06/19 08:58:52 AM
#20420   Sister co's are getting some post action! getmoreshares 11/01/19 06:30:27 PM
#20419   I don’t need to have facts moron people Mike245 11/01/19 09:59:31 AM
#20414   You do not know tons of people that justanotherfigment 11/01/19 08:40:52 AM
#20413   Great volume on all three companies lol once Mike245 10/31/19 11:18:56 AM
#20412   I used to talk to CEO's too-- never getmoreshares 10/31/19 09:19:29 AM
#20411   First off pat does look at these boards Mike245 10/31/19 09:16:10 AM
#20410   think about this! if you were Pat and getmoreshares 10/31/19 08:58:28 AM
#20409   First off that’s bs how do I know Mike245 10/31/19 08:34:56 AM
#20408   a hundred shares of PDXP that I had justanotherfigment 10/31/19 07:11:06 AM
#20407   Yea try to sell them especially pdxp you Mike245 10/30/19 07:36:01 PM
#20406   PDXP and VICT are trading on the Greys-- getmoreshares 10/30/19 04:36:44 PM
#20405   bid .0002 ask .0003 ???????????? getmoreshares 10/30/19 10:55:49 AM
#20404   lets wait and see if the other two getmoreshares 10/29/19 06:31:50 PM
#20403   Pat is up to his old scam again Mike245 10/29/19 04:05:50 PM
#20402   Words for pat Johnson bum scam artist lol Mike245 10/25/19 12:26:56 PM
#20401   We all find out about you it’s to Mike245 10/10/19 11:30:47 AM
#20400   Pat the bum Johnson that smokes to much Mike245 10/10/19 11:29:11 AM
#20399   !!!!!!!!!!! always read the board!!!!!!!!!!!!! getmoreshares 10/02/19 11:07:02 AM
PostSubject
Consent Preferences