Rainmaker Worldwide Inc.

Going-concern micro-cap water-tech shell with effectively no cash and negligible revenue.

Strengths

• Revenue grew off a tiny base (+82%, 88.8th pct)
• Holds distribution rights for Miranda water-treatment products

Risks

• Going-concern opinion, $0 cash, current ratio 0.005 — near cash-out
• Net margin -735%, operating margin -254%, ROA -2,107%; recurring losses and serial dilution/restructuring

Notable findings

• Going concernThe Company’s auditor’s report for 2024 stated that there was substantial doubt about the Company’s ability to continue as a going concern
• RestatementAll share and per share amounts have been restated for all periods presented to reflect the share consolidation 8-K ↗
• Exec changeRecent 8-K item 5.02 8-K ↗
• Net lossNet loss (net margin -734.9%)
• Weak liquidityCurrent ratio 0.00 (<1)
• Buying back stockNet buyback — share count -91%/yr over 1y