iBrands Corp. (IBRC)

[surfkast]

The Securities and Exchange Commission today suspended trading in three companies amid
questions surrounding similar statements they made about the acquisition of cryptocurrency and
blockchain technology-related assets. The temporary suspension, pursuant to Section 12(k) of
the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of
Cherubim Interests, Inc. (“CHIT”), PDX Partners, Inc. (“PDXP”), and Victura Construction
Group, Inc. (“VICT”), begins at 9:30 a.m. EST on February 16, 2018, and terminates at 11:59
p.m. EST on March 2, 2018.
The SEC’s trading suspension orders state that recent press releases issued by CHIT, PDXP and
VICT claimed that the companies acquired AAA-rated assets from a subsidiary of a private
equity investor in cryptocurrency and blockchain technology, among other things. According to
the SEC order regarding CHIT, it also announced the execution of a financing commitment to
launch an initial coin offering.
The SEC’s orders also say there are questions regarding the nature of the companies’ business
operations and the value of their assets, including in press releases issued beginning in early
January 2018. Additionally, the Commission suspended trading in the securities of CHIT
because of its delinquency in filing annual and quarterly reports.

https://www.sec.gov/litigation/suspensions/2018/34-82724.pdf