SureTrader
Interactive Brokers Advertisement
Home > Boards > US OTC > Retail - Wholesale Distributors >

Cherubim Interests Inc. (CHIT)

CHIT RSS Feed
Add CHIT Price Alert      Hide Sticky   Hide Intro
Moderator: m1999, malc stone
Search This Board: 
Last Post: 10/16/2017 3:37:05 PM - Followers: 159 - 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 15,305,202 a/o Aug 21, 2017
Outstanding Shares    
Outstanding Shares    
Outstanding Shares    
     
 
 


1 - for - 20,000   REVERSE SPLIT APPROVED ON MAY 31, 2017

https://www.sec.gov/Archives/edgar/data/1421865/000107878217000806/pre14c053117_pre14c.htm

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

https://www.sec.gov/Archives/edgar/data/1421865/000107878216002298/pre14c020916_pre14c.htm

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
 


 

Securities & Exchange Commission Filings (EDGAR)
http://yahoo.brand.edgar-online.com/default.aspx?cik=1421865
or
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001421865&type=&dateb=&owner=include&count=40

 
 

SureTrader
Interactive Brokers Advertisement
CHIT
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
CHIT News: Amended Annual Report (10-k/a) 08/10/2017 05:08:30 PM
CHIT News: Securities Registration: Employee Benefit Plan (s-8) 08/10/2017 02:29:37 PM
CHIT News: Amended Quarterly Report (10-q/a) 08/09/2017 03:20:14 PM
CHIT News: Current Report Filing (8-k) 08/08/2017 06:03:44 AM
CHIT News: Current Report Filing (8-k) 07/28/2017 02:39:59 PM
PostSubject
#15929  Sticky Note CHIT~~Cherubim Interests, Inc. Receives $7,000,000 Commitm m1999 10/03/17 03:24:30 PM
#10630  Sticky Note Pump & Dump Superstar Attorney, Jehu Hand, Indicted AdrianZadonis 02/15/16 07:38:47 PM
#16062   took another chit dave15213 10/16/17 03:37:05 PM
#16061   It’ll...time to add now.... KPaul 10/16/17 02:35:58 PM
#16060   Let’s run this CHIT AnG5640 10/16/17 02:06:34 PM
#16059   yep i_like_bb_stock 10/16/17 11:32:04 AM
#16058   There's that 6-7 Terpene 10/16/17 11:30:03 AM
#16057   Well 7’s hit here we come .0005 kmerrill057 10/16/17 11:14:22 AM
#16056   8’s are on sale today kmerrill057 10/16/17 09:52:33 AM
#16055   CHIT~~good morning all,lets have a green week ahead m1999 10/16/17 09:10:07 AM
#16054   Since the last 10K/A shows 18,697,664 were issued ThirdSyte 10/14/17 07:56:12 PM
#16053   yep gotta be i_like_bb_stock 10/13/17 05:23:02 PM
#16052   Yessir 10 mil t trade yesterday 5 mil kmerrill057 10/13/17 05:22:04 PM
#16050   #32 on IHUB great day to add while lukin4winners 10/13/17 12:38:11 PM
#16049   Agreed BB. This one looks ready for a OTC Knight 10/13/17 11:46:22 AM
#16048   exactly been sideways for awhile thats the best setup i_like_bb_stock 10/13/17 11:20:04 AM
#16047   Let it set-up Penny Planet 10/13/17 11:17:44 AM
#16046   4 milly bid - CHIT reversing now!!! OTC Knight 10/13/17 10:48:29 AM
#16042   yep sure is i_like_bb_stock 10/13/17 10:09:44 AM
#16041   .0013 break sends it kmerrill057 10/13/17 10:07:51 AM
#16040   .001 is thin kmerrill057 10/13/17 10:07:40 AM
#16039   still holding mine very thin ask VNDM still i_like_bb_stock 10/13/17 10:00:08 AM
#16038   Accumulating some still Wishful Thinking 10/13/17 08:56:02 AM
#16037   Pink sheet current link. Good idea to try lukin4winners 10/13/17 08:00:09 AM
#16035   Actually $CHIT is pink current. wcrash655 10/13/17 03:22:15 AM
#16033   This stock does nothing but sell worthless shares malc stone 10/12/17 10:05:27 PM
#16028   Nothing exists here. Never has. This malc stone 10/12/17 08:28:48 PM
#16027   Added here today $CHIT Wishful Thinking 10/12/17 04:10:40 PM
#16026   Power hour in 15 minutes. Lets see if OTC Knight 10/12/17 02:42:46 PM
#16025   Added here. OTC Knight 10/12/17 02:09:23 PM
#16024   Yup 12mil+ on 11 now Terpene 10/12/17 01:24:15 PM
#16023   yeah someone found some shares good grief i_like_bb_stock 10/12/17 01:03:26 PM
#16022   Close of .0011-.0012 would be huge kmerrill057 10/12/17 12:38:06 PM
#16021   NITE on ask must be new to OTC kmerrill057 10/12/17 12:37:45 PM
#16020   Close of .0011-.0012 would be huge kmerrill057 10/12/17 12:33:15 PM
#16019   Hadn't even touched there yet, but it will Terpene 10/12/17 12:20:23 PM
#16018   .0008 is bottom too much buying interest here lukin4winners 10/12/17 12:19:45 PM
#16017   Dont see that its already been there i_like_bb_stock 10/12/17 12:19:10 PM
#16016   Why lol. Going 6-7 bottom of channel. Terpene 10/12/17 12:17:18 PM
#16015   added 001s whackasauruses i_like_bb_stock 10/12/17 12:12:12 PM
#16014   I'll talk those .0006-7s now thx Terpene 10/12/17 12:11:25 PM
#16013   Dumbass pump groups forcing plays always ruin charts. Terpene 10/12/17 11:50:48 AM
#16012   They do if chart doesn't fail. Yet another Terpene 10/12/17 11:48:48 AM
#16011   gotta have patience trades dont happen that quickly i_like_bb_stock 10/12/17 11:47:52 AM
#16010   very thin here always gets run nicely post RS i_like_bb_stock 10/12/17 11:47:29 AM
#16009   If no follow thru then gunna dump again Terpene 10/12/17 11:42:38 AM
#16008   Think so too i_like_bb_stock 10/12/17 11:42:18 AM
#16007   VNDM just bounced..!! $CHIT busting a move Wishful Thinking 10/12/17 11:42:16 AM
#16006   CHIT~~added more m1999 10/12/17 11:41:44 AM
#16005   loading $CHIT Wishful Thinking 10/12/17 11:39:27 AM
#16004   No CHIT! .0011 print on volume .0014 break lukin4winners 10/12/17 11:36:40 AM
#16003   Sept 5th news I doubt they want it i_like_bb_stock 10/12/17 11:36:03 AM
PostSubject