Cherubim Interests Inc (CHIT)

[Cybertrader]

No chits merger is with a company many have heard of Huge Company Massive!! I hope we see a Reverse split it will only help more.But it's looking like a stock buyback soon.The company they are merging with is already dollars a share!
And if you noticed the last News, Traders choice you will notice almost all the news from them is from stocks already in NYSE.Chit will be a multiple dollar a share stock soon.


BEDFORD, TX / ACCESSWIRE / November 18, 2015 / Cherubim Interests, Inc. (“CHIT”) (OTC: CHIT) is pleased to announce that multiple major debt holders of CHIT have agreed to convert USD $506,806.96 of debt currently on the balance sheet to Series B Convertible Preferred Stock at a price of $2.50 per share. These supporters have been invested in the Company for some time now and were pleased to show additional support.

“By cleaning up the balance sheet and creating equity for the company, we are delivering on our promise to shareholders to make bold and significant improvements to our bottom line,” says Cherubim Interests CEO Patrick Johnson. “By eliminating over a half-million dollars in debt, the Company passes an important milestone on its journey toward meeting the $4 million shareholder equity threshold, which in turn helps in achieving all qualifications for listing on the NYSE Markets. This is just one of several important, strategic financial transactions that will enhance the Company’s position going forward.”

About Cherubim Interests Inc.

Cherubim Interests specializes in alternative construction projects, as well as covering the entire spectrum of real estate development: due diligence, acquisition, planning, construction, renovation, and management; providing complete beginning-to-end development programs for mixed use, single, and multifamily projects and properties.

For more information, visit www.cherubiminterests.com.