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![](https://investorshub.advfn.com/uicon/129869.png?cb=1705717490)
Tuesday, October 01, 2019 12:23:27 AM
Note 4: Intellectual Property
On December 21, 2015, the Company, through its now wholly owned subsidiary, RWI, agreed to purchase the assets
of Wind En Water Technologie Holding B.V. (“WWT”) and Dutch Rainmaker B.V. (“DRM”) (collectively “WWT/DRM”),
companies resident and incorporated in The Netherlands. WWT/DRM developed and exclusively owned all necessary
know-how, patents and patent applications allowing for the manufacture and commercial sale of water treatment and
processing systems using renewable energy. This know-how and technology was collectively known as the Dutch
Rainmaker system and is now the core technology and know-how of the Company. The purchase price included stock
and future royalty obligations. Fixed aggregate royalty obligations capped at $1,978,308 remain outstanding and will be
paid based on revenues generated from product sales. The value of the Company’s Intellectual Property is $6,683,490.
![](http://investorshub.advfn.com/uimage/uploads/2019/9/30/sromk0_-_rakr_Statement_of_Operations_aka_Income_Statement_2018_and_2019.png)
Current Liabilities of $3,625,865 with Current Assets of $637,091 doesn't bode well. Luckily they were awarded that grant, otherwise they'd likely have to sell millions in fresh convertible notes...they do have positive Total Stockholders' Equity which is rare for an OTC penny stock...$3,084,675...divided by OS of 93,672,308 = $0.0329 per share or $0.033 rounded up...based on this valuation metric alone...BUT...if you take out the questionable IP value of $6,683,490 and the Demonstration Equipment of $707,739...then the house of cards is shakin' like a Japanese paper walled house in a Cat 5, lol...
Does the product even work...in the real world?
![](http://investorshub.advfn.com/uimage/uploads/2019/10/1/ccbbs0_-_rakr_Balance_Sheet_2018_and_2019.png)
Link > https://backend.otcmarkets.com/otcapi/company/financial-report/230819/content
Another company claiming that they have the Holy Grail...but, alas...have no clue on how to sell it.
The Holy Grail sells itself. Kings from afar come bearing gifts to the beholder of the Grail.
Market Cap of near 26 million dollars (OS 93,672,308 x current price of $0.274) is way way way too high for this 'old' wonder of the world.
I really really don't like how they did not itemize (list) one Current Liability. I mean...what the hell is that...?
RAKR in here, boss, lol...
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