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Cherubim Interests Inc. (CHIT)

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Last Post: 1/14/2019 11:13:11 AM - Followers: 181 - 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
 


 


 
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PostSubject
#20287   F...... BUM PAY BACK THE SHAREHOLDERS I MEAN Mrvince 01/14/19 11:13:11 AM
#20286   Someone is going to be getting charges against Mrvince 01/07/19 12:34:13 AM
#20285   Don’t know if your new to this stock Mrvince 01/01/19 12:25:58 PM
#20284   no, that's not how it works. stocks don't lucky,mydog 12/27/18 10:45:51 AM
#20283   If they find they did not violate the JohnyUtah 12/26/18 07:30:54 PM
#20282   PAY BACK THE SHAREHOLDERS YOU BUM SCAM ARTIST Mrvince 12/26/18 03:11:28 PM
#20281   CHIT: Dec. 26,2018: The Securities and Exchange Commission Renee 12/26/18 12:34:35 PM
#20280   Sadly, that will never happen. The assets, as rbtree 12/21/18 04:57:39 PM
#20279   Pay the people back you bum what part Mrvince 12/20/18 10:57:46 AM
#20278   Pay the people back you bum what part Mrvince 12/20/18 10:57:46 AM
#20277   CHIT = scam company PRmaniac 12/19/18 11:02:24 AM
#20276   Pay back the shareholders you bum wait for Mrvince 12/19/18 08:48:46 AM
#20275   Because Greys have no bid or ask, they janice shell 12/18/18 07:27:23 PM
#20274   CHIT - BUY trader53 12/18/18 07:15:12 PM
#20273   Yes, for this mortal world holds no Huggy Bear 12/18/18 08:41:17 AM
#20272   GASP!! By an appeal to the Intergalactic Court??? janice shell 12/18/18 12:36:54 AM
#20271   There is only one way that this will Huggy Bear 12/18/18 12:30:15 AM
#20268   Almost a year what does that tell everyone Mrvince 12/10/18 02:01:06 PM
#20266   Yes. Looks as if Ekejija doesn't want janice shell 12/07/18 03:15:36 PM
#20265   One way or another hopefully this gets solved JohnyUtah 12/07/18 02:07:52 PM
#20264   SEC subpoenas issued. The pump/dump of CHIT, PDXP, PRmaniac 12/07/18 01:00:22 PM
#20263   Pay back the shareholders you bum o wait Mrvince 12/07/18 11:52:20 AM
#20262   I agree 100 percent huggy Mrvince 12/06/18 09:20:05 AM
#20261   No lack of marks in the penny market. Huggy Bear 12/04/18 07:28:21 PM
#20260   GREYS- wonder who is trading????????? getmoreshares 12/04/18 12:26:38 PM
#20259   Lol chit down 99 percent good job pat Mrvince 12/04/18 11:09:53 AM
#20256   Hold on everyone patvhas something in the works Mrvince 11/25/18 11:33:56 AM
#20255   Can’t even get rid of the pos stock Mrvince 11/21/18 11:39:05 AM
#20254   Go pos stock lmao what a bum owner Mrvince 11/19/18 10:43:58 AM
#20253   nice, thanks for buying my last mil. adios amigos GodInTheHeavens 10/16/18 07:02:43 PM
#20252   Is there anyway to find out if anything JohnyUtah 10/12/18 12:03:26 PM
#20251   i'd like to see the investigation result in GodInTheHeavens 10/02/18 09:40:07 AM
#20250   The miracle would be escaping indictments. Huggy Bear 10/01/18 07:42:50 PM
#20249   Haven’t been here in awhile lol go chit Mrvince 10/01/18 07:30:47 AM
#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
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