Cannabis Report
High Times
Home > Boards > US OTC > Retail - Wholesale Distributors >

Cherubim Interests Inc. (CHIT)

CHIT RSS Feed
Add CHIT Price Alert      Hide Sticky   Hide Intro
Moderator: janice shell, rbtree, Huggy Bear
Search This Board: 
Last Post: 9/17/2018 9:21:10 AM - Followers: 188 - 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
 


 


 
Cannabis Report
High Times
CHIT
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
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
PlusOneCoin Top Posts
No plusone'd posts yet. Be the first!
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
#20248   LOL GO CHIT LMFAO DOES EVERYBODY SEE THE Mrvince 09/17/18 09:21:10 AM
#20247   No thank you. Huggy Bear 08/26/18 06:28:55 PM
#20246   GO POS YEA NICE VOLUME LMFAO GUYS A BUM Mrvince 08/25/18 09:36:00 PM
#20245   GO POS YEA NICE VOLUME LMFAO GIUS A BUM Mrvince 08/25/18 09:35:24 PM
#20244   thats right, im offering a million shares to GodInTheHeavens 08/17/18 09:32:57 AM
#20243   Chit $$$$$$$ soon imo Harry456 08/14/18 03:15:24 PM
#20242   Lol yea go s... either your a very Mrvince 08/08/18 02:18:53 PM
#20241   Long live CHIT Harry456 08/08/18 12:11:39 PM
#20240   Lol huggy bear your the greatest you bring Mrvince 08/08/18 08:44:39 AM
#20239   Pay everyone back lol. Sorry, all that money is Huggy Bear 08/07/18 12:12:15 PM
#20238   This dude needs to close down already pay Mrvince 08/07/18 10:36:23 AM
#20236   Most folks know that Johnson's a fool, and rbtree 08/06/18 07:42:43 PM
#20235   Quite the contrary Watson. Lol Harry456 08/06/18 06:06:08 PM
#20234   Boys lol. Looks to me like boys got their Huggy Bear 08/06/18 05:04:24 PM
#20233   Love to see boys hang around. Harry456 08/06/18 03:08:51 PM
#20232   When the ticker is CHIT one would think Huggy Bear 08/06/18 01:51:56 PM
#20231   I see CHIT still is in rhythm with... crossball 08/06/18 10:23:39 AM
#20230   Johnson will win the Victory imo Harry456 08/06/18 10:15:02 AM
#20229   Sell my stock Mrvince 08/05/18 09:55:17 PM
#20228   Thanks Harry but there’s no lines to read Mrvince 08/05/18 09:54:23 PM
#20226   Here's a useful Penny Stock Rule: NEVER janice shell 08/05/18 05:40:48 PM
#20225   But the doubters are still here. Lol. Harry456 08/05/18 12:29:56 PM
#20224   Go chit lol lol pos Mrvince 08/04/18 07:26:00 AM
#20223   LOL. John ain't got jackschite. rbtree 08/01/18 02:23:21 AM
#20221   Harry it’s good to hope we all did Mrvince 07/31/18 03:20:59 PM
#20220   They won’t. We have the goods!! Johnson Harry456 07/31/18 10:46:38 AM
#20219   Lol. All three (four now) are doomed. Huggy Bear 07/30/18 08:25:46 PM
#20218   I believe this will come out of the JohnyUtah 07/30/18 06:57:03 PM
#20217   CHIT will fly to new HIGH’s in due Harry456 07/30/18 06:12:30 PM
#20216   AGREED Mrvince 07/24/18 04:40:45 PM
#20215   AGREED Mrvince 07/24/18 04:40:45 PM
#20214   CHIT - SEC likely will revoke the securities, PRmaniac 07/24/18 02:14:34 PM
#20213   .0006? Bigstud is here 07/24/18 04:28:08 AM
#20212   ITS DONE HE NEEDS TO JUST PAY BACK Mrvince 07/19/18 07:58:41 AM
#20211   Wait I’ll buy them I’m going to be Mrvince 07/13/18 07:22:24 AM
#20209   No thanks. Huggy Bear 07/12/18 04:04:18 PM
#20208   somebody, buy my last milly. Trust me GodInTheHeavens 07/12/18 11:34:54 AM
#20207   Bye bye to all four companies he ran Mrvince 07/11/18 09:28:52 PM
#20206   The Lord of the Rings, eh?!! LOL!!! rbtree 07/09/18 11:53:57 PM
#20205   Wouldn’t doubt it. I believe they are moving davemc 07/09/18 07:42:45 PM
#20204   Hopefully .0008 this year. Something is going on JohnyUtah 07/09/18 03:41:04 PM
#20203   .0008? Bigstud is here 07/08/18 11:48:45 PM
#20202   "So you're saying there's a chance!" in my Snide Sniper 07/02/18 01:11:22 PM
#20201   Yea going nowhere everyone is selling if they Mrvince 07/02/18 07:42:25 AM
#20200   Is there something going on with this chit? Bigstud is here 06/29/18 03:15:09 PM
#20199   It's been an obvious con game from inception. Huggy Bear 06/27/18 09:02:19 PM
#20198   List on Prince of Melchizedek exchange. Huggy Bear 06/27/18 09:00:18 PM
#20197   An act of God. davemc 06/27/18 01:46:03 PM
#20196   In order for CHIT to rebound, what needs Snide Sniper 06/27/18 12:49:47 PM
#20195   All his companies down the f...... drain good Mrvince 06/27/18 12:19:44 PM
PostSubject