Rainmaker Worldwide Inc (RAKR)

[Arthur]

The $12.5M "Note Receivable" is supposed to be explained in Note 6, but it's in fact in Note 5:

Note 5. Note Receivable and Subsequent Event
On February 10, 2014 the Company entered into an agreement whereby it will sell up to 31,000,000 Class “A” common shares to Bonanza Mines, Inc. for a 25% interest in a $50,000,000 Promissory Note issued by the Colindo Trust. The transaction has occurred and the shares have been issued.

Funny that the financials fail to mention that CJTF has sued the putative issuer of that $12.5M Note, casting doubts on its validity and the availability of those imaginary funds.

As expected the financials show that no gold has been produced.
How many truckloads of dirt have been carted away? Unknown.

At least there's a $5000 expense for geological testing. Funny that Fred always claims that those assays show that he's sitting on a gold mine (on several gold mines), but he never produces any gold, and never produces the assay documents themselves...