Rainmaker Worldwide Inc (RAKR)

[Arthur]

You're so right! There's no evidence that Fred is on the hook with toxic lenders.

Instead, CJTF seems to receive its lunch money from a Related Party, as Note Payables, which are repaid with billions of fresh-issued CJTF shares.

For example, Fred borrowed $105K and change from a Related Party in 2016,

issued 66 million CJTF shares as partial payment,

and still owes $430K to that Related Party!


Here is how Fred explains how Russ finances him at a mere 15%:

Note 3. Related Party Notes Payable
Related party notes payable were initiated during 2008 and 2009 and consist of 14 notes payable that bore interest at 15% per annum, totaling $257,000 to Russell Anderson, a shareholder and the brother of an officer of the Company.
Certain of the notes were issued with common shares. The proceeds were allocated between the notes payable and the common stock based on their relative fair values. The allocation resulted in allocating $156,216 to the notes payable and $100,784 to the common stock. The resulting discount to the notes payable of $100,784 was amortized to interest expense over the term of the notes payable. Accrued interest on the related party notes payable of $80,000 is included in the related party notes payable balance as of September 30, 2016.
The notes were not paid at their maturity dates. Interest continues to be accrued on the notes at 15% per annum but is not being asserted by the related party note holder. The $430,315 balance due is due currently and has been classified as a current liability at September 30, 2016.

See, no toxic lending ! Fred receives money from his bro, wastes it, and then issues billions of CJTF shares to his brother !
In 2015, 1.7 billion CJTF shares were issued for "debt reduction".