Rainmaker Worldwide Inc (RAKR)

[threewheeler]

they dont need cash until 18ths later "As part of the Amendment, RAKR is now releasing the shares prior to the first closing. The Second Closing, representing a payment of $1 million, shall be paid by the 18th month following the Initial Closing. The Third and Final Closing, representing a $1 million payment shall be made by the 24th month following the Initial Closing. Both the Second and Third deferred payments will accrue interest at an annual rate of 12% and the Company, at its sole discretion, can prepay these amounts either partially or in full prior to the respective closing dates."