{"id":7047,"date":"2015-10-03T10:12:04","date_gmt":"2015-10-03T10:12:04","guid":{"rendered":"\/?p=7047"},"modified":"2015-10-03T10:14:41","modified_gmt":"2015-10-03T10:14:41","slug":"cherubim-interests-inc-otcmktschit-explodes-up-the-charts","status":"publish","type":"post","link":"\/articles\/cherubim-interests-inc-otcmktschit-explodes-up-the-charts\/","title":{"rendered":"Cherubim Interests Inc (OTCMKTS:CHIT) Explodes Up The Charts"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/91\/91527\/fsafdavxcz.png\" border=\"0\" width=\"433\" height=\"193\" \/>Cherubim Interests Inc (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CHIT\">CHIT<\/a>) had been sitting at $0.05 in illiquid obscurity for a long long time, before a paid pump campaign targeting it backfired about a month ago. The ticker had fallen all the way down to $0.00226 since that time, before bouncing an astounding 262.83% yesterday. <\/p>\n<p>Let&#8217;s just start off by saying this &ndash; every single thing about this screams <span style=\"color: #ff0000;\"><strong>&ldquo;BUYER BEWARE!<\/strong><\/span>&rdquo;. While there are appear to be no pump e-mails in our inboxes, it certainly looks like <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CHIT\">CHIT<\/a><\/strong> is currently being touted rather successfully. Why?<\/p>\n<p>Because apart from a rather successful paid pump, there doesn&#8217;t exist a force on the OTC Markets that could push <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CHIT\">CHIT<\/a><\/strong> up the charts in the condition it is now. We covered <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CHIT\">CHIT<\/a><\/strong> last time it crashed, and its outlook was pretty grim. Nothing has really changed since that time &ndash; except perhaps promoters doing a better job this time around.<\/p>\n<p>The company is yet to file a new financial report, and as we have mentioned before, the numbers the old one gave were simply dreadful:<\/p>\n<ul>\n<li>NO ASSETS<\/li>\n<li>current liabilities &#8211; $2.4 MILLION<\/li>\n<li>NO REVENUES<\/li>\n<li>Quarterly operating loss &#8211; $289 thousand<\/li>\n<\/ul>\n<p>And unfortunately <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CHIT\">CHIT<\/a>&#8216;s <\/strong>share structure isn&#8217;t faring any better:<\/p>\n<ul>\n<li>As of July 9, 2014 <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CHIT\">CHIT<\/a> had 31.1 MILLION shares outstanding.<\/li>\n<li>On July 16 <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CHIT\">CHIT<\/a> performed a 1 for 15 reverse split.<\/li>\n<li>As of July 20, 2015 <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CHIT\">CHIT<\/a> had 58.6 MILLION shares outstanding.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/91\/91527\/fasdfvxc.png\" border=\"0\" width=\"128\" height=\"30\" \/>So let&#8217;s do a quick recap. Paid pumps? Check. Rampant dilution? Check. Depressing financials? Check. At this point it should be obvious why investors should be extremely wary of CH<strong>I<\/strong>T. It wouldn&#8217;t really be surprising to see the ticker plummet all the way to triple zeros before the week is out.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cherubim Interests Inc (OTCMKTS:CHIT) had been sitting at $0.05 in illiquid obscurity for a long long time, before a paid pump campaign targeting it backfired about a month ago. The ticker had fallen all&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1833],"class_list":["post-7047","post","type-post","status-publish","format-standard","hentry","category-news","tag-chit"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=7047"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7047\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=7047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=7047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=7047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}