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They are coming out with something even better!! Marijuana infused bitcoins.
(you don't need to correct me, you can't infuse bitcoins with marijuana because bitcoins don't have physical properties).
I have read the news release a few times and I don't see revenue or sales. Did I miss something? From what I read, Rainmaker will with working with this non-profit to find sales.
To pilot the technology, SPO has identified areas in Sind namely Tharparkar, Sujawal, Thatta, Badin, Malir, Jamshoro, Tando Muhammaad Khan, and the area of Abbottabad namely Dubran, Kholrian, Bandi Phulan and Bhattian. A new potential site in Gawadar, Balochistan, will also be included for discussions with Rainmaker. Per the terms of this agreement, SPO will facilitate the identification of National and International organizations to participate in this program.
It is nice that the company is looking at different business relationships but the last financials show they need to actually sell their machines, not just plan to sell.
You must have some personal hate for these promoters who were supposed to be paid $500,000. Did you lose money on some of their other deals or are you one of their team who they didn't pay? Maybe you are not a fan of how Kevin Wright set up this company? Please let us all know.
It looks like $RAKR has dropped to the $0.50 range and is trading there for now on low volume. It must be hard to promote a company that has no sales and no cash to get sales moving.
I don't think we are going to hear anything from them. The announcements they made were about older events and the latest financials showed there was little happening.
They need to tell us something if they are real.
So kaptain, are you still expecting this to hit $2? You said you were holding until $2
Are you saying the reason to buy is speculation? That might be reasonable but you need to be able to sell your shares that you buy on speculation.
Who cares if it is up 5%. It traded 1022 total shares. Where is the exit if you were a buyer during the promotion. Soon people will get fed up and start selling their shares knowing the company has no news and the year end approaches.
They being the third party that was issued 13,100,000 shares from the conversion of old debt and hired the promoters set this company up for the CE skull.
However, they being the person or persons in management who approved the issuance of the 13,100,000 shares should have known they would be sold to recover the money that was the debt. Many previous posts on this board show there are people on the Rainmaker Board of Directors with a history in this area.
It is going to move all over the place with these low volumes. 100 share sell right now and it is back to $0.81
I hope not. They set this company up for the CE skull. The financials show funds for consultants, hopefully that was not the promoters.
I don't think so because there is no volume. Only 10 trades today. If you buy the stock, you need to be able to sell it and right now there is no volume to support selling.
What makes you think this is "coming back to a dollar for sure."
Well they could pay another promoter $500,000 and they would get more eyes except this time there is more information out there. That might be a little harsh and I doubt the promoter from October/November got paid $500,000 but my point is that there is far more information out now about the company and we know it is very weak.
Slow slide to the death with Rainmaker. No one is buying the products and no one is trading the stock. Nice job Kevin Wright, merge manager of this deal.
These are the levels that this company's stock started at before the promotion began.
Hopefully they do but I think they would have announced it. They announced the Sri Lanka future install to produce water and sell it. Hopefully they will update us when that is up and running.
Where did you find they $11M in assets? I looked at the financials and found $8.6M in assets and $2.3M in debt.
If the $8.6M in assets, $277,000 is current or property and equipment. $7.3M is intellectual property so that is something carried on the books which they are unlikely to sell.
With only $9,000 in the bank and no sales, how are they going to be able to pay rent, consultants or salaries?
We go with the information and due diligence we have right now.
The information we have right now is that the company has no revenue and not enough inventory to build a machine. They approved of the creation of 13,100,000 shares for putting into the market to pay off $13,100 in old debt which should have gone with the mining company.
What is the reason for this company to trade at above $1? I put out lots of posts about what would support the $1 price before they filed the financials. Now that they have, there is no reason to support this price except hopes they can go from zero in sales to 40 million.
I agree that the skull of the CE was a thorn. I totally should have been removed because I think all of the reasons it might have been posted are gone. The promotion is gone and there is post-merger information (although these financials look terrible).
Do you think that if there is clear signs of another promotion, we will see the skull sign come back?
I think they "decided to go public" to raise money to stay in business.
Where did they get the money to pay the consultants? Was it from the other investors that put in 2.5 million. I bet they are not happy with the results.
Is the 71 day rule apply to non-reporting companies or just SEC companies?
What exactly is going on at Rainmaker Worldwide? They have no sales, they don't have inventory to build a machine if they did get a sale.
The SEC litigation to NEW and was filed November 20, 2017
It might be old news but the SEC litigation is VERY new. It is dated November 20, 2017. This company has done reverse after reverse after reverse. What if the SEC decided to look into all the actions of the company and shuts it down?
What if the debt that was converted into the 13,100,000 shares Kevin Wright and the board of director approved from that conversion is not correct. Could those shares be worthless?
What's going on?
The company filed it's latest financials and it doesn't look good. No revenue, not enough inventory to make a machine, big block of shares to a third party. It doesn't look promising at all for the company to stay at these levels.
The good thing is the people that bought the shares in the last month don't appear to be selling. Buying and selling is dead.
Maybe it is good that it is thanksgiving week.
Do you thing that the company issuing 13,100,000 shares (part of the information in the filing) to two companies converting small amounts of the conversion debt might have anything to do with the CE and the promotion claims? The company board of directors must know who these companies are to approve this issuing of the shares.
Correction: it is "current information" not stop sign.
What do you mean dilution? Are you referring to the 13,100,000 shares issued to clear $13,100 off the books?
So do you think that Rainmaker will close higher or lower based on the financials posted today?
The company will keep it's "current information" status but how is anyone getting pay checks in this company.
They had NO revenue. No revenue from Jamaica, no revenue from Sri Lanka.
NEW SHARE BREAKDOWN
66,818,758 - Purchase of Rainmaker
1,000,000 - Jaam Capital (Kevin Wright owned) for service at $.21
70,423 - Edwin Villegas private placement at $.71
197,183 - Finesse Construction private placement at $.71
6,600,000 - debt conversion at .001
6,500,000 - debt conversion at .001
We now know that there are 13,100,000 shares created from the conversion debt. These are the shares we see trading in the market. This debt conversion at $.001 takes $13,100 off the conversion debt and give the holders $14,410,000 based on today's close. That is 1,100 times their money. What a great deal. Why was it not converted at the same price that Edwin and Finesse was issued at.
Are you talking about the financing from a few years ago? That money is most likely spent. We will find when they post their financials which is due today.
https://www.otcmarkets.com/financialReportViewer?symbol=RAKR&id=182683
The skull and the "current information" are two totally different things.
Okay, what were they participating in?
I will answer that. They were invited to participate in evaluations.
From May 2017
https://wateralliance.nl/smart-base-is-uitvalsbasis-innovatieve-mkb/
https://www.defensie.nl/onderwerpen/innovatie/fieldlab-smart-base
The Royal Netherlands Army challenges innovative companies and knowledge institutes to contribute to the development of safe and sustainable military bases in temporary employment areas. The Ministry of Defense is offering a living lab innovation environment to experiment together and come up with solutions for the 'base of the future'. Do you help?
Fieldlab Smart Base
Cooperation between defense, industry and research institutes have in this field lab create a base that fits into the future Country Performance. For example, the base must offer sufficient protection, be able to adapt to changing circumstances, be quickly deployable and move 'smoothly': the smart base.
Which theme suits you?
5 regional development companies support the development process, together with experts from Defense and Smart Industry . The Fieldlab Smart Base consists of various projects that are thematically accommodated and to which you can contribute. The themes are:
protection;
energy;
water;
support & services.
Participate?
Do you participate in the search for solutions? For more information about the Fieldlab Smart Base and for contact details:
http: www.smartindustry.nl/fieldlabs/fieldlab-smart-base
If OTC Markets did the same google searches I did, they would see the same thing. Was the $RAKR press release accurate? Are the postings here saying there are SALES TO THE DUTCH MILITARY accurate? Am I wrong?
If there are sales to the military, we will see it in the financials due any day now.
What information are you using to make this statement?
I think your statement is misleading. The press release does not say that Rainmaker has military contracts. It says "Bredenoord and Rainmaker were invited to join an innovative development program called Fieldlab Smartbase 1.0, which resulted in choosing the MD Water Power unit for Mission-Critical Military Base Water Supply." Rainmaker is a supplier of water filtration to Bredenoord. The units are built by Bredenoord and sold by Bredenoord.
I agree that promotion needs to be disclosed. OTC Markets has a policy of what gets you a skull.
https://www.otcmarkets.com/content/doc/OTC_Markets_Group_Policy_on_Stock_Promotion.pdf
Reputable public companies are expected to release quickly to the public any news or information which might reasonably be expected to materially affect the market for its securities.
Rainmaker Worldwide Inc. has not released the post merger financials. These financials materially affect the value of the stock because they show the status of the company.
We believe stock promotion is misleading and manipulative when information is publicly disseminated to disrupt the efficient market pricing of a security. Misleading promotional materials often employ false or baseless claims, omit material information, exaggerate an issuer’s future potential, or predict unrealistic price targets.
The company has omitted material information by not filing the post-merger financials. Many on this board were predicting a $2 price target, was that real or unrealistic? If the company has no ability to finance sales, manufacturing and installations, there is no way the sell machines to the developing world therefore it is exaggerate an issuer’s future potential.
Fail to clearly identify the sponsor of the promotion, and/or the promotion is sponsored or paid for by anonymous, unidentifiable 3rd parties.
From the filings we know there is 14 million shares and from the promotion website, we know an unidentified third party paid for the promotion and the promoters are being paid $500,000.
All of these are stated reasons that OTC Markets put the skull on this company and why it is still there because they have not been cleared up for the public.
We do know it was being promoted. There was a web page that clearly stated the company was being promoted so that shares could be sold. They were being paid $500,000.
I don't think anyone said the skull was because of late filings but it could have been for inaccurate filings because they didnt show the post merger numbers even though the merger was before the end of the quarter.
We now know that they still can't produce the financials as they file a late notice.
They are current because they posted financials for the end of June and got the current status. These financial were not reflecting the post-merger numbers which they should have and then the company entered into a promotion. I think they drop to a limited or stop sign without September financials so they will lose their current status any day now.
June financials = current
promotion = skull
Are the new financials set to be filed today? I read somewhere it is due 45 days after the end of the quarter. That means today. We will see the post-merger financials we have all been waiting for and when it shows revenue and assets, the price will reflect it.
You started this by saying the Dutch guys should sue somebody but now you are saying the problem is financials. The Dutch guys were part of the company and they are the ones that have the understanding of the financial situation of the company.
Now what you are saying is the Dutch guys should sue themselves for not being ready to go public because they don't have financials.
I have been asking for financials all along but it is from ALL management, not just the Dutch. They have a CFO that has been around since the merger and the company even did a press release about him. They ALL should have been able to fix this but they haven't. Promoter are paid to promote, not to run the company.
So again, who would sue who?
Was the decision to go public a management decision or a promoters decision? I think that is a decision of management and the Dutch guys are part of management.
I am confused by your statements. You said "The Dutch should sue these guys - they just drove this thing into the ground in record breaking time" and "Well if the boys in canada promised them an infusion of capital thru the us market and instead exposed them as a company which in my humble opinion is dead in the water - no pun intended"
Who are you suggesting the Dutch guys should sue?
So you think that the Dutch guys should sue Michael and Kevin?