Kinetic Group INC
Market Movers (8-K)
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Kinetic Group identified and corrected a $550,000 accounting error from 2022 related to a shareholder transaction, which was reversed in early May 2024.
Worse than expected
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Kinetic Group Inc. has appointed Victor Mokuolu, CPA PLLC as its new independent auditor, effective August 30, 2023.
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Kinetic Group identified and corrected a $550,000 accounting error from 2022 related to a shareholder agreement, which was reversed in early May 2024.
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8-K: Kinetic Group Inc. Discharges Audit Firm and Announces Non-Reliance on Past Financial Statements
Kinetic Group Inc. has discharged its audit firm and declared that financial statements since June 2022 should not be relied upon until revisions are made.
Worse than expected
Quarterly Earnings (10-Q)
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Kinetic Group Inc. has filed an amended quarterly report for the period ending June 30, 2024, addressing a prior accounting error and providing updates on its acquisition of BINNOPS Technologies.
Worse than expected
Delay expected
Capital raise
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Kinetic Group Inc. has filed an amended quarterly report detailing financial results, including a net loss, and updates on its acquisition and operational activities.
Worse than expected
Capital raise
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Kinetic Group Inc. released its unaudited financial results for the quarter ended June 30, 2024, highlighting its ongoing development stage and strategic focus on digital transformation through AI.
Worse than expected
Capital raise
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Kinetic Group Inc. reports its financial results for the quarter ended March 31, 2024, highlighting ongoing development stage activities and the recent acquisition of BINNOPS Technologies.
Worse than expected
Delay expected
Capital raise
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Kinetic Group Inc. reports its financial results for the quarter ended December 31, 2023, highlighting the acquisition of BINNOPS Technologies and a shift towards AI-driven digital transformation.
Worse than expected
Capital raise
Annual Reports (10-K)
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Kinetic Group Inc. reported zero revenue and a significant accumulated deficit for fiscal year 2024, raising substantial doubt about its ability to continue as a going concern despite an AI acquisition.
Delay expected
Capital raise
Worse than expected