Welcome2Pinkyland
50 minutes ago
8k out Item 5.02 Election of Directors; Compensatory Arrangements of Certain Rainmaker Worldwide Inc. Officers.
https://www.otcmarkets.com/filing/html?id=17846780&guid=82L-k6OMvwFaJth
On September 17, 2024, the Board of Directors (the âBoardâ) of Rainmaker Worldwide Inc., a Nevada corporation (the âCompanyâ), appointed Michael Skinner to serve on the Companyâs Board.
Michael Skinner is a seasoned executive and innovator with deep expertise in fostering entrepreneurial ecosystems and driving sustainable business growth. As the former CEO of Rainmaker Worldwide Inc., he led initiatives to develop cutting-edge water technologies aimed at addressing global water scarcity. Currently, Michael serves as President of Viva Industries Inc. and CEO of Miranda Water Technologies, a joint subsidiary of Rainmaker Worldwide Inc. and Viva Industries Inc., focused on advanced water treatment solutions. Additionally, he holds a position on the Rainmaker Advisory Board. Michaelâs career includes his pivotal role as CEO of the Innovation Cluster Peterborough and the Kawarthas, where he helped countless CleanTech and WaterTech startups flourish. He also served as the Chair of the Center of Water and Wastewater Technologies (CAWT), which focuses on innovative research and development in water and wastewater treatment systems, further contributing to his global impact in sustainability and technology.
Michael Skinnerâs appointment was made as a joint decision by the current boards of Rainmaker Worldwide Inc. and Viva Industries Inc., based on the rights associated with the Series A Preferred Stock (announced in an 8-K June 1, 2023), which includes the option to appoint directors. Mr. Skinner acknowledges that he will abstain from participating in any decisions that would result in a conflict of interest between his duties as a director of Rainmaker Worldwide Inc. and Viva Industries Inc. Furthermore, it is expressly recognized that Mr. Skinner shall not be classified as an independent director. Additionally, it is confirmed that no familial relationships exist between Mr. Skinner and any director or executive officer of the Company.
threewheeler
4 hours ago
8k out Item 5.02 Election of Directors; Compensatory Arrangements of Certain Rainmaker Worldwide Inc. Officers.
https://www.otcmarkets.com/filing/html?id=17846780&guid=82L-k6OMvwFaJth
On September 17, 2024, the Board of Directors (the âBoardâ) of Rainmaker Worldwide Inc., a Nevada corporation (the âCompanyâ), appointed Michael Skinner to serve on the Companyâs Board.
Michael Skinner is a seasoned executive and innovator with deep expertise in fostering entrepreneurial ecosystems and driving sustainable business growth. As the former CEO of Rainmaker Worldwide Inc., he led initiatives to develop cutting-edge water technologies aimed at addressing global water scarcity. Currently, Michael serves as President of Viva Industries Inc. and CEO of Miranda Water Technologies, a joint subsidiary of Rainmaker Worldwide Inc. and Viva Industries Inc., focused on advanced water treatment solutions. Additionally, he holds a position on the Rainmaker Advisory Board. Michaelâs career includes his pivotal role as CEO of the Innovation Cluster Peterborough and the Kawarthas, where he helped countless CleanTech and WaterTech startups flourish. He also served as the Chair of the Center of Water and Wastewater Technologies (CAWT), which focuses on innovative research and development in water and wastewater treatment systems, further contributing to his global impact in sustainability and technology.
Michael Skinnerâs appointment was made as a joint decision by the current boards of Rainmaker Worldwide Inc. and Viva Industries Inc., based on the rights associated with the Series A Preferred Stock (announced in an 8-K June 1, 2023), which includes the option to appoint directors. Mr. Skinner acknowledges that he will abstain from participating in any decisions that would result in a conflict of interest between his duties as a director of Rainmaker Worldwide Inc. and Viva Industries Inc. Furthermore, it is expressly recognized that Mr. Skinner shall not be classified as an independent director. Additionally, it is confirmed that no familial relationships exist between Mr. Skinner and any director or executive officer of the Company.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
RAINMAKER WORLDWIDE INC.
Dated: September 20, 2024 By: /s/ Michael OâConnor
Name: Michael OâConnor
Title: President, Chief Executive Officer and Interim Chief Financial Officer
threewheeler
4 hours ago
RAKR Security Details
Share Structure
Market Cap Market Cap
399,746
09/19/2024
Authorized Shares
500,000,000
09/19/2024
Outstanding Shares
499,682,113
09/19/2024
Restricted
87,448,730
09/19/2024
Unrestricted
412,233,383
09/19/2024
Held at DTC
405,807,559
09/19/2024
rjs1
1 month ago
RAKR Q2 2024 10-Q Highlights
RAINMAKER WORLDWIDE INC.
FORM 10-Q For the quarterly period ended June 30, 2024
Filed August 14, 2024
Michael OâConnor
President, Chief Executive Officer and Interim Chief Financial Officer
On January 22, 2024, RWI, a 40% subsidiary of RAKR, finalized the acquisition of Miranda.
The first payment of one million USD together with 40 million RAKR common shares was paid to the shareholders of Miranda. This provides RWI with controlling interest of Miranda initially at 60% of Miranda common stock holdings. The remaining two million USD is to be paid no later than 2 years from the closing date of January 22nd, 2024.
Miranda is coming into 2024 after having a solid year of results in 2023 delivering projects in Iraq and Fiji among others.
RWI and RAKR are actively marketing their solutions in Canada, US, Mexico, the Caribbean, Central America and South America. The expanded product portfolio will assist in market entry opportunities for Miranda and RAKR products alike, bringing revenue and value to all of the companies.
The Company has generated limited revenue up until the present time, and its operations for the past four years have been typically focused on business development, market research, technology research and development activities. The Company had total assets of $30,725, as of December 31, 2023. As of June 30, 2024, net assets were $371,265.
At present, the Company executes consulting agreements with experienced executive personnel and senior advisors. Future sales will be heavily driven by independent distributors and project developers. The Company had no revenue for the quarters ending June 30, 2023 and June 30, 2024
Intellectual Property
We have indirect access to intellectual property assets as a consequence of our partial ownership of and various partnerships with RHBV9 Rainmaker Holland B.V.) and Miranda. We believe that this allows us to maintain an edge in the competitive process from a technological and economic cost perspective.
General and Administrative Expenses
General and administrative expenses primarily include consultant expenses and benefit costs and stock-based compensation expense for executive consultants, outside legal and professional services, marketing and advertising, and facilities costs. General and administrative expenses for the six months ended June 30, 2024 and June 30, 2023 were as follows:
Six Months Ended
June 30, Increase
(Decrease)
2024 2023 $ %
General and administrative expense $ 165,506 $ 376,009 $ (210,503 ) (56.0 )%
Stock-based compensation expense included in general and administrative expense $ 23,979 $ 69,474 $ (45,495 ) (65.5 )%
General and administrative expenses, including stock-based compensation, for the six months ended June 30, 2024, decreased $210,503, or 56%, compared to the same period in 2023. This decrease relates to (1) a decrease in consulting expense of $134,583 (2) stock option expense decrease of $45,495, (3) a decrease of $27,866 in general and administrative expenses, (4) marketing, advertising and promotion expense decreased by approximately $194 and, (5) a decrease in travel expense of $2,365. Excluding stock-based compensation, general and administrative expenses decreased $165,008.
Liquidity and Capital Resources
As of June 30, 2024 and December 31, 2023, the Company had an accumulated deficit of approximately $74.4 million and $74 million and stockholdersâ equity of approximately $(11.2) and $(10.9) million, respectively. As of June 30, 2024, the Company had approximately $246 in cash.
rjs1
2 months ago
Crossing the Tech Adoption Chasm
In the fast-paced world of technology, bringing a new product to market is often a challenging endeavor. One of the main reasons many new product launches fail is the rush to target the mainstream market before adequately validating the technology with a receptive audience.
Technologies go through curves of adoption, referred to as a technology adoption curve. They start-off promising the world. It doesn't happen. Disillusionment sets in and, interestingly, that's when all the building happens and the infrastructure gets built. You start to see promise become fulfillment.
Successful tech innovation starts with the crucial role of visionaries, innovators and early adopters. Itâs the strength of these early forces that that builds the bridges to cross over the chasm of early tech adoption curve to a mainstream market.
Identifying and targeting adopters in complex enterprise B2B markets requires a strategic and thoughtful approach. Engaging with industry influencers, leveraging existing networks and collaborating with innovation hubs can help find early customers who are willing to innovate with the company. Additionally, filtering the noise from the early and late majority ensures that valuable market insights are collected while focusing efforts on the requirements that truly matter for building a successful minimum viable product (MVP). By understanding the significance of engaging with the right adopters and iterating based on their feedback, businesses can set themselves on the path to success and navigate the challenges of the technology adoption curve effectively.
Adopted from: Tom Bartley https://tom-bartley.medium.com Jul 26, 2023
rjs1
3 months ago
RAKR 2024 Summary
The Good, The Bad and The Ugly
Rainmaker Worldwide Inc. (the company, Rainmaker or âRAKRâ) is a Nevada (USA) company with its head office in Peterborough, Ontario (Canada).
The Company distributes two main types of energy-efficient, fresh water-producing technologies:
Air-to-Water (âAWâ), harvests fresh water from humidity in the atmosphere, and
Water-to-Water (âWWâ), transforms seawater or polluted water into drinking water.
The technology, powered by either wind, solar or conventional power sources (grid or generator), is deployable anywhere and leaves no carbon trace if renewable resources are deployed.
Rainmaker holds a 12% interest in Rainmaker Holland B.V. (âRHBVâ) which consists of the innovation and manufacturing center located in Rotterdam, Netherlands. RAKR will purchase equipment on a favorable cost-plus formula.
Rainmaker holds a 40% interest in Rainmaker Worldwide Inc. (Ontario) (RWI), a 40% subsidiary. RWI drives operations in Canada, the Caribbean, Central America and South America.
RWI Miranda Acquisition
On January 16, 2024, Rainmaker (RAKR) entered into an agreement with Rainmaker Worldwide Inc. (Ontario) (âRWIâ) to acquire Miranda Environmental and Water Treatment Technologies, Energy, Natural Resources, Engineering, Consulting, Construction and Commerce Inc. (âMirandaâ) in Ankara, Turkey. The acquisition of Miranda provides the Company with a full suite of water production and purifications systems.
On January 22, 2024, RWI, finalized the acquisition of Miranda, which had been delivering systems for more than ten years across 40 countries globally.
Miranda came into 2024 after having a year of solid results in 2023 delivering projects in Iraq and Fiji among others. RWI and RAKR are actively marketing their solutions in Canada, US, Mexico, the Caribbean, Central America and South America. The expanded product portfolio will assist in market entry opportunities for Miranda and RAKR products alike, bringing revenue and value to all of the companies.
The first payment of one million USD together with 40 million RAKR common shares was paid to the shareholders of Miranda. This provides RWI with controlling interest of Miranda initially at 60% of Miranda common stock holdings. The remaining two million USD is to be paid no later than 2 years from the closing date of January 22nd, 2024.
Intellectual Property
The company has indirect access to intellectual property assets as a consequence of our partial ownership of and various partnerships with RHBV and Miranda. We believe that this allows us to maintain an edge in the competitive process from a technological and economic cost perspective.
Suppliers
The companyâs principal suppliers for the core technologies to be deployed are Miranda and RHBV. Should RHBV not supply the appropriate scale of technology required by a project, RAKR has identified multiple technologies of different sizes and types.
Business Model
With the acquisition of Miranda, RAKR now has complementary technology to deliver in 2024 and thereby diversify its business model.
The RAKR business model typically begins with the identification of a trusted local partner. When applicable, the next step is to enter into JV structures, which maximize value to all stakeholder-parties. The Rainmaker delivery systems are to be installed by entering into contracts with local third-party experts that are typically Heating, Ventilation and Air Conditioning (âHVACâ) experts.
The company continually pursues strategic and technology-based partnerships with complementary technology and business development companies to expand RAKRâs global reach and service offering. The purpose of which to offer a more comprehensive product set when proposing solutions to communities, developers and commercial entities.
Liquidity and Capital Resources
As a development stage company, RAKR pursued and executed a strategy whereby they now have a full suite of products that can deliver distributed water solutions globally. To date, its products have yet to generate significant revenue. As a result, they have historically suffered recurring losses and do not have the required cash resources to fully execute their business plans.
Historically, the Companyâs major sources of cash have comprised proceeds from various private offerings of its securities (including common stock) and debt financing. The Company has sustained losses from operations in each fiscal year since its inception. As of March 31, 2024 the Company had an accumulated deficit of approximately $74 million and stockholdersâ equity of approximately CDN $10.9 million. As of March 31, 2024, the Company had approximately $236 in cash.
rjs1
5 months ago
How to Spot the Next Technology Breakthrough
Andrew Shipilov, INSEAD & Francesco Burelli , Arkwright Consulting AG 12 Mar 2024
My Summary, Highlights and Annotations[/b
In the summer of 2022, few people knew what Generative AI (GenAI) meant. Yet the launch of ChatGPT in November made everyone aware of this technologyâs immense opportunities. Between the summer and fall of 2022, Gen AI passed an inflection point. High uncertainty about its performance gave way to increased confidence that the technology would affect businesses in a significant way.
From Uncertainty to Inflection Point to Confidence & Maturity
The evolution of new technologies follows an S-curve.
In the beginning, there is a long incubation period during which technological development and use are confined to basic science. This period is characterized by high uncertainty about the technologyâs performance and there is virtually no confidence in the emergence of concrete business use cases. Eventually, there is an inflection point beyond which the performance and use cases of new technologies increase exponentially. At that time, uncertainty about their performance decreases rapidly while the confidence in their applications increases. Inflection points occur where old models and methods threaten to stifle innovation, change and growth, and require that new ways of working must be adopted.
Three simultaneous factors are required to reach the inflection point:
⢠Public attention: The public must be aware of the technology and what it can do.
⢠Investment: Funds must be spent on boosting the technologyâs performance.
⢠Complements: These comprise products or services that combine with the technology to make it more valuable and augment its
performance. That is, there is a necessity, a mandate, to build a broad content ecosystem around the new technology.
System dynamics theory teaches that in complex systems, individual elements may mutually reinforce each other via feedback loops. In the case of technological transition, more attention may lead to more investment. More investment may then lead to even more attention, which will also make people look for new complements. These feedback loops can then push the technology forward, beyond the inflection point.
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