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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
#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
#20194   Did he mention CHIT getting revoked? That's usually PRmaniac 06/25/18 10:20:30 AM
#20193   Promising? Not really. Johnson ain't fit to run rbtree 06/24/18 08:20:40 PM
#20192   Sounds promising JohnyUtah 06/24/18 06:53:03 PM
#20191   Here is the real reality from another poster’s KeepItRealistic 06/24/18 10:12:35 AM
#20190   Why are they trading at .0002 then? Harry456 06/13/18 09:41:05 PM
#20189   The investigation will continue until CHIT and/or its 1manband 06/13/18 09:33:57 PM
#20188   Never is a very long time. Are Harry456 06/13/18 09:28:32 PM
#20187   When are we getting our dividend? 1manband 06/13/18 08:48:58 PM
#20186   Sounds Great! Harry456 06/13/18 07:20:56 PM
#20185   On February 30th 2019. Huggy Bear 06/13/18 07:14:31 PM
#20184   When are we getting our dividend? Anybody Harry456 06/13/18 05:41:19 PM
#20183   I have 5 million for sale today @ .0002 dogplay76 06/12/18 02:04:35 PM
#20182   Someone spent $130 Coconutboyjr 06/11/18 08:53:15 PM
#20180   No, no hope, especially as the SEC investigation PRmaniac 06/08/18 03:29:43 PM
#20179   There is still hope here with this deal. JohnyUtah 06/08/18 06:53:19 AM
#20178   CHIT lawyer Jehu Hand convicted. Huggy Bear 06/07/18 08:02:45 PM
#20177   This Agreement is a transaction in which TRIN BeachBum 06/07/18 11:19:50 AM
#20176   Something going on with the CHIT Series B BeachBum 06/07/18 10:59:59 AM
#20175   Well actually chit stock might have a chance Mrvince 06/07/18 09:53:22 AM
#20174   Where could it have went? Harry456 06/06/18 05:19:36 PM
#20173   Live and learn I guess Harry456 06/06/18 12:11:38 PM
#20172   Yep guys it’s over he ran scared not Mrvince 06/06/18 11:35:07 AM
#20171   20 year veteran of trading!?!? decomad 06/06/18 10:28:56 AM
#20170   aah What gave it away that this is Bigstud is here 06/06/18 12:54:11 AM
#20169   Good luck in the future. janice shell 06/05/18 10:30:06 PM
#20168   I’m only human Harry456 06/05/18 10:29:14 PM
#20167   That didn't occur to you when the SEC suspended? janice shell 06/05/18 10:24:44 PM
#20166   I’m now thinking we may have been scammed imo Harry456 06/05/18 10:14:04 PM
#20165   More magic? TheLaserGuy 06/05/18 05:40:43 PM
#20164   CHIT may be revoked - won't be able PRmaniac 06/05/18 12:53:48 PM
#20163   Never. Huggy Bear 06/04/18 07:12:15 PM
#20162   Probably never. janice shell 06/04/18 07:07:06 PM
#20161   When can this get reinstated? JohnyUtah 06/04/18 06:37:04 PM
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