Rainmaker Worldwide Inc (RAKR)

[wiltonweather]

Certainly, you must be kidding. Fred is well aware that the company has absolutely nothing to offer, and he fully realizes that the PPS will rapidly fall to .0001, than no bid. This stock was a pump & dump from the beginning. Sadly, Fred misinformed the promoters into believing that there would never be a R/S, a dividend would be in the offing, and there was plenty of gold to found. I'm not condoning pump & dumps, as innocent people are usually left holding the bag. Regarding this one, however, Fred downright lied to the promoters, fully knowing that a R/S was in the immediate future, and that a dividend was along the lines of a fairytale.

As far as scams go, unfortunately, this is just one of thousands on the pink sheets, but also one of the most egregious. People like Fred have a common trait; they're able to persuade vulnerable people to 'invest' their hard earned money on pie in the sky schemes, such as this one. In my opinion, Fred belongs in jail. As we all know, however, he'll be living the rich life, lounging by the pool, or taking exotic vacations with the money that he stole from the innocent. It's always the same old story, but unfortunately there's no light at the end of the tunnel. Non reporting pink sheet companies continue to be free to do whatever they please, never having to encounter any consequences. This is the wild, wild west!