UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
November 8th, 2021
GLOBE NET WIRELESS CORP.
(Exact name of registrant as specified in its charter)
| Nevada | 333-172172 | N/A | ||
(State of incorporation) |
(Commission File Number) |
(IRS Employer No.) |
10370 USA Today Way
Miramar, Fla 33025
(Address of principal executive offices and Zip Code)
(954) 715-6000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| COMMON | GNTW | OTC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 4.01 Changes in Registrant’s Certifying Accountant
Globe Net Wireless Corp. (the “Company”) has dismissed K.R. Margetson, Ltd. (“Former Accounting Firm”) as its independent registered public accounting firm, effective as of November 8th, 2021. As described in Item 4.01(a) below, the change in independent registered public accounting firm is not the result of any disagreement with the Former Accounting Firm. The Board made the decision to dismiss the Former Accounting Firm acting under authority delegated to it and the Board of Directors approved the same on November 8th, 2021. On November 9th, 2021, the Company engaged Turner, Stone & Company LLP of 12,700 Park Central Dr #1400, Dallas, Texas (“the new accounting firm”) as its new independent accounting firm as of and for the Quarter ended May 31st, 2021.
During the years ended August 31, 2019 and 2020, and through the Dismissal Date, there were (i) no disagreements between the Company and K.R. Margetson, Ltd. on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreement, if not resolved to the satisfaction of K.R. Margetson, Ltd., would have caused them to make reference thereto in their reports on the consolidated financial statements for such years, and (ii) no “reportable events” as that term is defined in Item 304(a)(1)(v) of Regulation S-K.
The Company has not consulted with the New Accounting Firm during our two most recent fiscal years or during any subsequent interim period prior to its appointment as New Accounting Firm regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on our financial statements, and neither a written report was provided to us nor oral advice was provided that the New Accounting Firm concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a reportable event (within the meaning of Item 304(a)(1)(v) of Regulation S-K).
The Company has requested that the Former Accounting Firm furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the above statement. A copy of the letter from the Former Accounting Firm is attached hereto as Exhibit 16.1 to this Form 8-K
Item 9.01 Financial Statements & Exhibits
(d) Exhibits
16.1 Letter from K.R. Margetson, Ltd.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: November 12th, 2021 | ||
| GLOBE NET WIRELESS CORP. | ||
| /S/ Charles Arnold | ||
| By: | Charles Arnold, Director, CEO | |
Exhibit 16.1
| K. R. MARGETSON LTD. | Chartered Professional Accountant |
| 331 East 5th Street | Tel: 604.220.7704 |
| North Vancouver BC V7L 1M1 | Fax: 1.855.603.3228 |
| Canada | |
| keith@krmargetson.com |
November 8th, 2021
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-7561
Re: Globe Net Wireless Corp.
Dear Sirs and Madames:
On November 8th, 2021, our appointment as auditor for Globe Net Wireless Corp., ceased. We have read Globe Net Wireless Corp’s statement included under Item 4.01 of its Form 8-K dated November 9th, 2021, and agree with such statements, insofar as they apply to us.
Very truly yours,
/s/ K. R. Margetson Ltd.
K.R. Margetson Ltd.