Correspondence 0001477932-24-006331 from KINETIC GROUP INC. (KNIT) (CIK 0001696195)
KINETIC GROUP INC. (KNIT) (CIK 0001696195)
Date: Oct. 10, 2024 · CIK: 0001696195 · Accession: 0001477932-24-006331
AI Filing Summary & Sentiment
File numbers found in text: 333-216047
Referenced dates: September 16, 2024
Letter
Securities and Exchange Commission Division of Corporation Finance Office of Trade & Services Form 10-K for the Fiscal Year Ended September 30, 2023 Form 10-Q for the Fiscal Quarter Ended March 31, 2024 Response dated September 16, 2024 File No. 333-216047
Re:
Dear Sir or Madam:
Thank you for your letter dated September 16, 2024. Pursuant to your questions, we offer the following:
Form 10-Q for the Fiscal Quarter Ended March 31, 2024.
Consolidated Financial Statements, page 4.
1.
On October 2 and 10, 2024 we published Form 8-K/A Amendment No. 2 and 10-Q/A Amendment No. 1 filings for March and June 2024 with restated financial statements that include very specific labels allowing to easily identify that our financial statements are restated and corrected. Our disclosure, acknowledging managements’s responsibility in ensuring accurate financial statements, is also clearly stated in these amended filings.
Item 4. Controls and Procedures
Evaluation of Disclosure Controls and Procedures, page 7
2.
In 8-K/A Amendment # 2 and 10-Q/A Amendment No. 1 filings for March and June 2024 includes the following parrapgrah.
We recognize it is management’s responsibility to verify and have in place sufficient and effective controls and procedures to identify an error in the Company’s financial statements. Management did not have sufficient control at the time of the error and have now established an audit committee to verify all information being presented.
Thank you for your kind consideration.
/s/ Roberto Mora C.
Roberto Mora C.
Chief Financial Officer
Kinetic Group Inc. – 2801 NW 74th Avenue, Miami FL 33122 – Phone: (786)-7126827
Show Raw Text
CORRESP
1
filename1.htm
knit_corresp.htm
October 10, 2024
Securities and Exchange Commission
Division of Corporation Finance
Office of Trade & Services
Washington, D.C. 20549
ATTN: Blaise Rhodes, Angela Lumley
Re:
Kinetic Group, Inc.
Form 10-K for the Fiscal Year Ended September 30, 2023
Form 10-Q for the Fiscal Quarter Ended March 31, 2024
Response dated September 16, 2024
File No. 333-216047
Dear Sir or Madam:
Thank you for your letter dated September 16, 2024. Pursuant to your questions, we offer the following:
Form 10-Q for the Fiscal Quarter Ended March 31, 2024.
Consolidated Financial Statements, page 4.
1.
On October 2 and 10, 2024 we published Form 8-K/A Amendment No. 2 and 10-Q/A Amendment No. 1 filings for March and June 2024 with restated financial statements that include very specific labels allowing to easily identify that our financial statements are restated and corrected. Our disclosure, acknowledging managements’s responsibility in ensuring accurate financial statements, is also clearly stated in these amended filings.
Item 4. Controls and Procedures
Evaluation of Disclosure Controls and Procedures, page 7
2.
In 8-K/A Amendment # 2 and 10-Q/A Amendment No. 1 filings for March and June 2024 includes the following parrapgrah.
We recognize it is management’s responsibility to verify and have in place sufficient and effective controls and procedures to identify an error in the Company’s financial statements. Management did not have sufficient control at the time of the error and have now established an audit committee to verify all information being presented.
Thank you for your kind consideration.
/s/ Roberto Mora C.
Roberto Mora C.
Chief Financial Officer
Kinetic Group Inc. – 2801 NW 74th Avenue, Miami FL 33122 – Phone: (786)-7126827