Replies to post #10201 on Cherubim Interests Inc (CHIT)

[Ronin]

30,000 to 1 reverse stock split!?

https://biz.yahoo.com/e/160210/chit8-k.html


Submission of Matters to a Vote of Security Holders


Item 5.07 Submission of Matters to a Vote of Security Holders
On February 9, 2016, holders of a majority of the voting rights of the Company approved a 30,000 to 1 reverse split of the Company's Common Stock ("Reverse Split"), meaning that each 30,000 shares of Common Stock will be consolidated into 1 share of Common Stock following the reverse split, provided however, that fractional shares would be rounded up to the nearest whole share. Notice of the action taken by holders of a majority of the voting rights of the Company was provided to non-consenting shareholders in accordance with Nevada law.