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Subsequent Events
6 Months Ended
Mar. 31, 2023
Subsequent Events  
Subsequent Events

Note 9 – Subsequent Events

 

In accordance with ASC 855-10 we have analyzed our operations subsequent from September 30, 2022 to March 31, 2023, date of these financial statement were issued, and have determined that we do not have any material subsequent events to disclose in these financial statements.

 

(a) Departure of Directors

 

On May 24, 2022, Aitan Zacharin, the former Company’s chief executive officer and sole director, resigned from both positions in connection with the transfer of his shares to the New Shareholders announced on that date.

On July 22. 2022, Juan Pablo Bernal the Company’s chief executive officer resigned from his positions in KINETIC and kept his position as CEO of GSS Infrastructure, company which KINETIC signed a MDE for acquisition.

 

(c) Appoint of Officers

 

On July 22, 2022, the Company appointed Ana Maria Mendez as its new President and Director. Ms. Méndez has over 15 years’ experience in financial services, working throughout Latin America, Canada and Spain. She has also been CEO of several oil and gas companies. Ana María received her MBA from Columbia University and her dual undergraduate degrees in Economics and Psychology from the University of Miami.

 

Ana Maria Mendez has not been a party to any transactions with any related persons of the Company at any point in time.

 

(d) Appointment of Directors

 

On July 22, 2022, the Company appointed Damien Grider to its board of directors.

 

Damien Grider has not been a party to any transactions with any related persons of the Company at any point in time.

 

(e) Appointment of Management

 

On August 3, 2022, the Company appointed Roberto Mora to its CFO (Chief Financial Officer).

 

(f) Other Events

 

On July 22, 2022, business activities of KINETIC changed to:

 

Kinetic Group Inc., is a telecommunications company focused on owning, operating, and building wireless infrastructure for international mobile carriers in Latin America. The company rents, operates and builds tower/rooftop/unconventional infrastructure, fiber optic networks, DAS and telecommunication equipment for MNO's.

 

On January 2023, KINETIC canceled LOI  for acquisition of GSS Infrastructure and possible acquisition of it.