{"id":5563,"date":"2015-05-08T15:13:45","date_gmt":"2015-05-08T15:13:45","guid":{"rendered":"\/?p=5563"},"modified":"2015-05-08T15:37:44","modified_gmt":"2015-05-08T15:37:44","slug":"valmie-resources-inc-otcbbvmri-gaining-altitude-again","status":"publish","type":"post","link":"\/articles\/valmie-resources-inc-otcbbvmri-gaining-altitude-again\/","title":{"rendered":"Valmie Resources Inc (OTCBB:VMRI) Gaining Altitude Again"},"content":{"rendered":"\n

Valmie Resources Inc (OTCBB:VMRI<\/a>) can easily take the crown of the most heavily promoted penny stock for the last month. The pump began on April 6 and since then we have received more than 100 email alerts<\/strong> from a myriad of promotional outfits.<\/p>\n

Nearly $40 thousand has been splashed out since the beginning of May alone and we see the names of OTCEquity (and the rest of the Market365 LLC’s newsletters) and Elijah Brockman among the most active pumpers. Market365 LLC even went to the trouble of creating a landing page and we’ve noticed a few ads among various internet websites. So, the hype is plentiful, but how is the stock reacting to it? <\/p>\n

When the pump began, VMRI<\/a><\/strong> was hovering precariously close to the $3 per share mark. It broke through it with ease and ran to a high of $3.20 on April 16. Unfortunately, it then stopped and tumbled all the way down to a bottom of $1.06 per share on April 28. As we mentioned already, this didn’t deter the pumpers and the paying parties and it looks like their persistence has paid off. Yesterday, VMRI<\/a><\/strong> logged its fourth consecutive green session and it finished the day with a price of $1.58 and a dollar volume of $343 thousand.<\/p>\n

So, we’ve established that VMRI<\/a><\/strong> can move up when the artificial excitement is sufficient, but we’ve also learned that it has the tendency to crash badly and disappoint investors. Why is that?<\/p>\n

The truth is, apart from the hype, there’s not much else that could draw you in. The management team tried to give the pumpers a hand by issuing a few press releases which would have you believe that VMRI<\/a><\/strong> really is trying to leave a significant mark on the unmanned aerial vehicles industry. On April 20, however, they also published the latest 10-Q which showed that at the end of February, the company had:<\/p>\n