Kinetic Group Inc (PK) (KNIT) News

Want to stay up-to-date with what is going on? Follow our Page on LinkedIn for the latest updates Official LinkedIn Company Page

1000 bought at $10.00 today!!!!!!

$KNIT #BreakingNews Kinetic Group, Inc. Finalizes Acquisition of Binnops US Technologies Inc- An AI Company Providing Digital Transformation Solutions to Enterprises https://prnewswire.com/news-releases/kinetic-group-inc-finalizes-acquisition-of-binnops-us-technologies-inc--an-ai-company-providing-digital-transformation-solutions-to-enterprises-302025341.html?fbclid=IwAR1ZTsDd5us46blCIL4mu-T4ZnMxI6BRFlN3moVukJp56YkDNxCh8mfVEd8

$KNIT Dip buy opportunity https://www.tradingview.com/chart/SZGuMZiH/?symbol=OTC%3AKNIT

$KNIT Good Start for the year! Major development. clean chart!! https://www.otcmarkets.com/stock/knit/overview

Big Push Coming!!!!!

#OTC $KNIT
It is no longer a question if you will embark on a digital transformation, it’s how quickly can you get started.

IT IS TIME TO TRANSFORM!

KINETIC is bringing remarkable leaps of productivity to enterprises with AI and the Metaverse. 
SOLUTIONS FOR ALL ENTERPRISES
https://www.knitgrp.com/

$KNIT news today:
https://ih.advfn.com/stock-market/USOTC/kinetic-pk-KNIT/stock-news/91413439/kinetic-group-inc-signs-mou-to-acquire-profitabl

This news was also good news for FDCTech ticker FDCT which owns 80% of
CIM Securities LLC

KINETIC Group (OTC:KNIT) ("KNIT") Acquires GSS Infrastructure LLC in an All Stock Transaction

Orlando, Fla., May 27, 2022 /PRNewswire/ -- KINETIC GROUP (USOTC: KNIT) ("KNIT") today announced that it has signed a binding Letter of Intent ("LOI") with GSS INFRASTRUCTURE ("GSSI") www.gssinfrastructure.com to acquire a 100% interest in GSSI. The Transaction remains subject to certain conditions being met and completion of definitive documentation.

Under the terms of the LOI signed on May 18, 2022 KNIT will acquire GSSI in an all stock purchase. As a result of the acquisition, KNIT will acquire all of GSSI's assets, including the binding LOI signed between GSSI and NTEC on March 31, 2022. At the closing of the GSSI-NTEC transaction KNIT will effectively own and operate 50 telecom tower sites, 187 equipment overlays and 267km of fiber. KNIT would also acquire three separate long term contracts with Telefonica Ecuador (OTECEL) to operate active and passive telecom infrastructure in Ecuador.

Ana María Méndez, KNIT's CEO stated, "The acquisition of GSSi provides KNIT with an important foothold in Latin America to expand our presence in the wireless infrastructure space. We strongly believe the region has additional long term opportunities and given GSSi's experienced management team we will be able to continue our growth strategy. Undoubtedly, the rapid expansion of 5G in the region will provide enormous opportunities for KNIT revenue and footprint expansion."

https://www.gssinfrastructure.com/press

Anyone got metrics on this guy? Burn rate, share structure, etc.. I see the ibox is EMPTY as HELL & I'm just going through the filings.

Anyone know this company well that cares to share?

So far the 8K seems to be announcing the hire of a CEO with significant Pharma background running a internet-web services marketing & promotions co.? Do I have that right at least? The 10K shows no cash/revenues & the SS appears to be growing past ~75mm. NOT that that's a huge number but... It's the dilution I'm a bit concerned about. Where's this business going? BESIDES the Solstice sunglasses acquisition?

https://www.otcmarkets.com/stock/knit/security
https://www.otcmarkets.com/filing/html?id=15851030&guid=wLawkaxQtURYzch
https://www.otcmarkets.com/filing/html?id=15820196&guid=wLawkaxQtURYzch

TIA

Very quiet

This post is very quiet!

Thanks, I have no knowledge of this Kinetic Group but have been involved in another company for which Aitan Zacharin is CEO but seems to have disappeared and I think we can assume now we know where he has been.

Not sure...Will have to take a look. But I'm currently out of this one. will have to revisit

Sorry I don't have a better answer for ya.

imho
mj

Whats the story here with Aitan Zacharin ? I read his name in the 8K?

KNIT scary thin on the ask..anyone got any further info on this thing yet? buyers seem to be slowly trickling in again. maybe updates soon?

imho
mj

Yeah still hanging with some as well. Not sure what the potential is...but I believe it can certainly get crazy if some people pick up on it or the co provides updates. Knee jerks could be wild with this float...What do you make of the volume today with it trading down the next decimal?

imho
mj

still hanging here. Gonna let this one ride for awhile, potential is $100+

KNIT affordable new lines coming into attract new customers.

https://finance.yahoo.com/news/affordable-eyewear-brand-priv-revaux-130000254.html

It appears Someone got some bid fills today.

Imho

YES, LOVIN THE FLOAT WITH THE COMPANY HERE

Yea I figured would just take time as most like to get a good position built pre initial move whether they are legit or not and then fire up the machine. However most of the real ones just seem to come out of nowhere and to this point its seems to be the case here...the 8k was filed during the holiday period without really any fanfare. Rosenberg appears to be the real deal. I don't know how it will all play out but its def pretty interesting. The 8k says 70 calendar days for audited fins. However may not take that long and I would have to assume potential is there for quick uplist? The float presents all sorts of possibilities.

Imho

MOST RM ARE TOTAL CRAP , THIS ONLY HAS SECOND BIGGEST RETAILER OF GLASSES PLUS OTHER COMPANIES .. I THINK PATIENCE WILL BE HANDSOMELY REWARDED HERE IMHO

YES, I THINK NEXT DAY OR SO WILL SEE VOLUME AND GOES NUTS .. WITH ALL THE THINGS GOING HERE WITH SS AND FLOAT SHOULD BE 50 BUCKS

Couldn’t ask for a better setup, minuscule float, no debt, no dilution, and huge companies merging in. Oh and they are US as well. Sick of the Chinese RMs

THIS WILL GO VERTICAL SOON... HUGE REAL COMPANY COMING VERIFIED WITH 100K FLOAT

Yeah maybe this will pop up on radars eventually. Nathan Rosenberg def has been around this stuff a long time. Will be interesting to see exactly what becomes of it all. Possibly combining all these Co's could benefit the retail side lowering some costs or something..I don't know. But there is definitely a lot of revenue flowing around these entities. I would just find it odd if Nathan is CEO here and his other Co's aren't tied in somehow. Distribution-Retail-Online. Obviously won't take much to move it. If all these Co's come together with 50 or 60 Mill in revs the market cap is still pretty low where it stands now. Some kind of PR gets put out this could make a SECI type jump in a blink..I remember trying to get in there around 1$..was tough..I ended up buying there at 2$ when ask was 1$..

imho
mj

Looks good MJAM. Word will get out eventually here. We have many catalysts yet to come.

People think $3.00 is expensive, but this is a different kind of stock. 117k float with a big board company coming in. 100 shares will be worth quite a lot in the coming days.

Oooo I like the sound of that MJAM

Solstice shifting focus to online sales...They 50 Mill with a pretty small % being online sales...I like the direction.

https://attentivemobile.com/2019/11/19/cb2-solstice-sunglasses-use-text-messaging-convert-holiday-shoppers/

Imho

$KNIT Mission: To be the leading Sunglass retailer in the “Sun Smile” of the US, offering a feeling of luxury through offering unique and diversified products (with a large concentration of luxury brands) and superior service to delight the customer, develop & energize our associates, operate our company as a stand - alone company creating significant shareholder value

https://www.glassdoor.com/Overview/Working-at-Solstice-Sunglasses-EI_IE313897.11,30.htm

Im not sure TBH, a little confused who got what lol.

I think Corette LLC received about 2.4 mil shares (already in the OS) in exchange for Fairway aka Solstice Sunglasses.

I think Elisha Kalfa and his canadian organization owns 33% of the company in warrants.

Im not sure yet who owns the remainder of the stock.

Float is only 106k, so I have about 2.6 million left to account for. Either its with Elisha Kalfa, Nathan Rosenberg, Corette LLC, Fairway LLC, Rena Kantor... not sure yet

yes and it appears they only got 33% of the shares here correct for that 9 Million valuation?..it was also the figure used in the 8k.

imho
mj

Fairway LLC investment fund

Feels like things will move quickly here...There are obviously no rookies involved. They slipped this first filing in quietly over a holiday period when most traders etc are out to lunch we'll say. Hopefully they plan on putting it all together before year end so they can charge into 2020. It's all pretty interesting...that is for sure.

imho
mj

The Kantor's are all over this.. Rena Kantor and her husband Phillip Kantor (lawyer)

https://www.corporationwiki.com/p/2d0h68/rena-kantor

Winslow LLC is dba Sunsport USA (not sure if still active)

PearlInvest ReCorp is definitely involved (I believe)
http://en.nevadacorporates.com/924167/

yes I see that now... interesting...Solstice did 52 million alone last year...Fairway LLC/Corette we don't know..but with the 52 million alone... only 33%? Think he brings his other ventures into this as well? Gaffos and GSI?

imho
mj

Fairway/Solstice/Corette only makes up 33% of the outstanding shares as well.

I believe the other 67% is owned by Nathan Rosenberg. He has been an eyewear executive for 30+ years. He owns GSI Corp and Gaffos.

Solstice Sunglasses has 70+ stores and did over $50 mil revs in 2018 and are on a similar pace in 2019.

Might be tough to get size under 15$ ... 1500 shares moved it 150% lol Feels like I'm dealing with another SECI type play...that is how that one moved.

Another thing we don't know is what does Fairway LLC already have going on?...

From article.

The Safilo Group has reached an agreement for the sale of US retail chain Solistice to Fairway LLC, a company composed of a group of investors active in the US and Europe and operating in eyewear sales.


They are now under KNIT as well...

from 8k

On November 26, 2019, the Company indirectly acquired 100% of the outstanding shares of Solstice Marketing Concepts LLC, a Delaware limited liability company (“Solstice”) by way of contribution of Fairway by Corette LLC, Fairway’s owner (“Corette”), in exchange for Fairway’s 2,349,800 shares of common stock of the Company. The Company now owns Fairway, which, in turn, owns 100% of Solstice.


imho
mj

great DD MJAM. This could be a fun one with a 106k float. We might get a couple whales who want to get some size before all the details come out and uplisting occurs.

New affordable brand entering the stores now to broaden the potential market.

https://finance.yahoo.com/news/affordable-eyewear-brand-priv-revaux-130000254.html

https://www.digitalcommerce360.com/2019/07/19/solstice-sunglasses-overhauls-its-seo-strategy/

https://chainstoreage.com/technology/solstice-sunglasses-shines-in-search-online-sales-soar

51 million in 2018 Revs here. and I wonder if this co will be their PR firm..if they offer that service?

https://www.coynepr.com/brand/solstice/

I'm going to guess word spreads quickly this weekend. A lot of folks aren't tuned in due to Holiday.

Have a great weekend all.



imho
mj

WoW! $KNIT https://www.glassdoor.com/Overview/Working-at-Solstice-Sunglasses-EI_IE313897.11,30.htm

50k likes and 48k followers on FB


https://www.facebook.com/solsticesunglasses/

has my attention..thats for sure..this was a quiet sneaky one...most of the real ones usually are.

imho
mj

They purchased the 70-80 US retail locations. KNIT is now the 2nd largest sunglass retailer in the United States.

The former parent company of Solstice (Safilo) has over a billion revs a year internationally manufacturing and selling sunglasses.

The new officers have a lot of connections as well. Tons of DD to unravel here. Corette LLC, Fairway LLC, Rena Kantor, gaffos.com, connections to GCAN, Mark Radon, Nathan Rosenberg (big sunglass exec and experience).

There could be a lot packaged in here. Corette LLC and Fairway LLC have many other companies invested in them as well. Wait till the names start popping up.

some monster numbers in here.

https://www.statista.com/topics/5071/sunglasses-in-the-us/

what ya got here...I see they have 70-80 locations and online...

which of these is correct one sight estimates 300 Mill revs..and one estimates 7mill?..maybe somewhere between there? interesting quiet super low share structure play..that seems to actually be legit.


Competitors & Revenue by Owler
Solstice Sunglasses has $7.1M in estimated revenue annually.


https://www.crunchbase.com/organization/solstice-sunglasses#section-interest-signals-by-bombora

https://www.zoominfo.com/c/solstice-sunglasses/347431970

500-1,000 employees?

https://www.crunchbase.com/organization/solstice-sunglasses#section-overview


imho
mj