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: 5/13/2019 4:55:18 PM - Followers: 177 - 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
PlusOneCoin Top Posts
No plusone'd posts yet. Be the first!
PostSubject
#20326   .0000000000000000000000000000000000000000000000000000000001 getmoreshares 05/13/19 04:55:18 PM
#20325   Lmao good job pat you bum pay back Mrvince 05/13/19 11:07:59 AM
#20324   GO CHIT LOL LOL Mrvince 04/29/19 07:00:28 AM
#20323   What’s wrong me ceo of three garbage companies Mrvince 04/11/19 09:57:45 AM
#20322   Lmao he should be but most likely he’s Mrvince 04/03/19 10:46:27 PM
#20321   is Johnson in jail yet? TheLaserGuy 04/03/19 10:41:54 PM
#20320   Johnson is a bum a dreamer if he Mrvince 03/25/19 09:45:40 AM
#20319   Ekekjija doesn't have any assets and Johnson is Huggy Bear 03/23/19 07:41:44 PM
#20318   Consolidated? So the scam is now involving IBRC? PRmaniac 03/22/19 12:08:51 PM
#20317   Frank Ekejija I however since this Bigstud is here 03/18/19 02:34:25 AM
#20316   That is not accurate either. SEC actions Huggy Bear 03/11/19 03:19:05 PM
#20315   Usually i see the SEC decide much faster-- getmoreshares 03/09/19 11:08:53 AM
#20314   How long has it been? Almost a year? janice shell 03/08/19 09:56:01 PM
#20313   usually does NOT take this long... janice shell 03/08/19 09:54:32 PM
#20312   thanks for the DD. getmoreshares 03/07/19 03:23:29 PM
#20311   The investigation is obviously continuing, because the SEC 1manband 03/07/19 03:18:52 PM
#20310   Have seen it normally happen quicker--if its obvious. getmoreshares 03/07/19 03:15:38 PM
#20309   usually does NOT take this long 1manband 03/07/19 03:12:44 PM
#20308   usually does NOT take this long-- there must getmoreshares 03/07/19 10:15:29 AM
#20307   Still ongoing he’s prolonging everything yet that’s going Mrvince 03/07/19 09:47:55 AM
#20306   What did the SEC find? was there a getmoreshares 03/07/19 09:26:06 AM
#20305   A little birdie told me there might be Mrvince 03/07/19 07:59:41 AM
#20304   GO POS CHIT WOW HOW F...... sad is this Mrvince 03/05/19 07:53:50 PM
#20303   Lol good job chit garbage Mrvince 02/15/19 01:18:34 PM
#20302   And that means what chit ain’t going nowhere Mrvince 02/07/19 08:37:01 AM
#20301   11 millions shrs traded in 2019 so far. Bigstud is here 02/07/19 12:51:34 AM
#20300   Go pos chit all aboard were going no Mrvince 02/05/19 05:44:02 PM
#20299   almost a year-knew it had been a while getmoreshares 02/03/19 10:02:02 AM
#20298   It was suspended for ten days beginning on janice shell 02/02/19 03:50:03 PM
#20297   how long has it been halted??? 6 months?? getmoreshares 02/02/19 09:26:12 AM
#20296   No. janice shell 02/02/19 01:19:14 AM
#20295   Phoenix from the ashes? Bigstud is here 02/02/19 01:13:40 AM
#20294   Here's the thing: The SEC doesn't do janice shell 02/01/19 07:52:19 PM
#20293   The SEC is continuing its fact-finding investigation in Bigstud is here 02/01/19 07:36:28 PM
#20292   SEC subpoenas issued. The pump/dump of CHIT, PDXP, PRmaniac 02/01/19 01:52:30 PM
#20291   $ rmpenstk 01/28/19 02:03:29 PM
#20290   It is time...to the moon..up, up and away... rmpenstk 01/28/19 01:15:12 PM
#20289   Its moving up davidpizarro073 01/28/19 09:57:28 AM
#20288   Where are you pat you have people out Mrvince 01/18/19 10:12:10 AM
#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
PostSubject