Cherubim Interests, Inc. (OTC Pink: CHIT) is engaged as an alternative construction and real estate development company. Shares of the construction company are surging 300%, through early trading on Wednesday, January 3, 2018. Over the past month, Cherubim Interests, Inc. has seen average daily volume of 27.97 million shares. However, volume of 455.73 million shares or dollar volume of $364,584, has already exchanged hands on the day.
Shares of Cherubim Interests, Inc. are rallying today, after the company announces that it has signed a Letter of Intent to acquire $250 million in assets from NVC Fund LLC, a wholly owned subsidiary of NVCFUND Holding Trust. The company is paying for the acquisition through issuing convertible preferred stock. In addition, the company has executed a $100 million financing agreement to launch an initial coin offering, The Self-Sustaining Intentional Communities Coin (SJT). Here is the full press release detailing of the asset acquisition and the ICO:
Cherubim Interests, Inc. Press Release:
DALLAS, Jan. 03, 2018 (GLOBE NEWSWIRE) — Cherubim Interests, Inc. (OTC:CHIT) (“the Company”), an expansion-stage alternative construction and real estate development company, announces that it has signed a Letter of Intent to acquire USD $250,000,000 in Assets from NVC Fund LLC a Delaware, LLC (“NVC”), a wholly owned subsidiary of NVCFUND Holding Trust, respectively.
Said CHIT CEO Patrick Johnson: “The acquisition of these NVC Assets with Convertible Preferred Stock is a great way to bring substantial Net Asset Value to the company’s books. Once the acquisition is closed, the company will posses the financial backbone to enhance our business capabilities exponentially moving forward.”
The Company has also executed a financing commitment of $100,000,000 to launch Initial Coin Offering for The Self Sustaining Intentional Communities Coin (Symbol SJT) The SJT Cryptocurrency is designed for cooperative living, working and healthier lives and offers extensible diversity in the use of the coin over current coins like Bitcoins for both financial and societal gain. The sale of the coins will generate the capital to create self-sustaining intentional communities across the US and across 57 nations. Municipal and rural infrastructures may be improved through the investment into eco-friendly housing and businesses that create products and services for the benefits of the community and to consumers. The sale of the goods and services will generate revenue that is reinvested back into every developed community.
The SJT coin will be the method of financial transactions within the intentional community and with its vendor partners. (White paper here) https://drive.google.com/file/d/1MdA80YlJ2GHcTvUGpA9sv0tCYkwjEFni/view?usp=sharing
“Holders of the coin will gain in profit sharing from this type of models where their digital wallets will be loaded with their percentage distribution of the allocated profit sharing pools. The coins can be used to purchase items in the community as well as with vendors accepting of the coin, to make the coin a true currency that is actively used by community members,” said Elder Jeffre Saint James, Trustee of Saint James Holdings and Investment Company Trust.
“The ability to create a viable alternative lifestyle in sustainable green buildings, renewable energy systems, independent clean water, co-op housing, employment, and organic farming for supportive manufactured products is a very meaningful and humbling venture to be a part of,” said CHIT CEO Patrick Johnson.
The companies have also agreed to add two new representatives from the trust to its board of directors, respectively.
“Once our audit is completed we will begin the process of application to either NYSE or NASDAQ and will begin debate once the new board is ratified,” said Johnson.
About NVC Fund Holding Trust
NVC Fund Holding Trust is a private equity investor in Natural Resources, Rare Earth, Oil and Gas, Entertainment, Real Estate Development, Private Banking, Trust Management, Wealth Aggregation, Investment Trading, Blockchain Technology, Fintech Cryptocurrency and Business Financial Services. We are a diversified investment holding trust.
Founded in 2000, NVC Fund Holding Trust is one of the largest and fastest-growing private equity investment firms in the world in terms of Asset Holdings. NVC FUND HOLDINGS entities manage assets supported by CPA firm audited financial statements valued over USD $10 trillion of Net Asset Value.
The company can be found at: http://nvcfund.com/Home.html
About The Self Sustaining Sustaining Intentional Communities Coin
The SJT Cryptocurrency is designed for cooperative living, working and healthier lives and offers extensible diversity in the use of the coin over current coins like Bitcoins for both financial and societal gain. The sale of the coins will generate the capital to create self-sustaining intentional communities across the US and across 57 nations.
For more information, visit https://stjameshdinvtrust.co/sjt-homepage/
About Cherubim Interests, Inc.
Cherubim Interests, Inc. 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
Safe Harbor Statement
This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company’s ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company’s suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.