DD Support Board and Research Team

[Arthur]

RAKR FY 2017 Annual Report is out.

Expenses: $5,474,891
Revenues: $0

They didn't sell a single windmill.

https://backend.otcmarkets.com/otcapi/company/financial-report/191207/content


I have a question for the good people here at DD Support about this Promissory Note:

Note 17: Subsequent Events
Convertible Promissory Note Payable
On January 4, 2018 the Company entered into a $120,000 convertible promissory note. The note is non-interest bearing for the first 90 days and convertible into common stock of the Company during that period. On February 26, 2018 the Note was converted into 342,857 common stock at $0.35 per stock.

Can a company incur a Debt in January, and start issuing stock in February ?

How come Rule 144 does not prevent this ?