{"id":8140,"date":"2016-06-24T14:02:03","date_gmt":"2016-06-24T14:02:03","guid":{"rendered":"\/?p=8140"},"modified":"2016-06-24T14:14:39","modified_gmt":"2016-06-24T14:14:39","slug":"how-long-can-valmie-resources-inc-otcbbvmri-push-up","status":"publish","type":"post","link":"\/articles\/how-long-can-valmie-resources-inc-otcbbvmri-push-up\/","title":{"rendered":"How Long Can Valmie Resources Inc. (OTCBB:VMRI) Push Up?"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93788\/vzxcvzx.png\" border=\"0\" width=\"429\" height=\"191\" \/>Valmie Resources Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VMRI\">VMRI<\/a>) manged another 27% jump yesterday &ndash; which is extremely odd, if you keep all of the company&#8217;s horrific shortcomings in mind. <\/p>\n<p>And when we say &ldquo;<em>horrific shortcomings<\/em>&rdquo;, we&#8217;re not exaggerating in the slightest. The company&#8217;s latest financial report looked like this:<\/p>\n<ul>\n<li>Cash and cash equivalents &#8211; $24 thousand<\/li>\n<li>Total Assets &#8211; $58 thousand<\/li>\n<li>Total Liabilities &#8211; $268<\/li>\n<li>No Revenues<\/li>\n<li>Quarterly net loss &#8211; $83 thousand<\/li>\n<\/ul>\n<p>Those are hardly the numbers you&#8217;d expect from a company who currently has a market cap of $106 MILLION! The discrepancy between the numbers that the company&#8217;s OTC Markets page presents us with could not be more striking &ndash; and it only gets worse once you delve deeper in said page.<\/p>\n<p>A bit of reading reveals that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VMRI\">VMRI<\/a> <\/strong>has sold approximately 3 million shares of its common stock at at a rate of $0.1 per share in the last two years or so. Just for comparison &ndash; that&#8217;s nearly TWENTY times lower than its current price per share. We&#8217;d imagine that the people who bought those shares could make a killing dumping them on the market right now.<\/p>\n<p>Still, even the profit said lucky shareholders could make can&#8217;t hold a candle to what <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VMRI\">VMRI<\/a>&#8216;s <\/strong>earlier creditors could make if they sold their shares right now. Why?<\/p>\n<p>Well, Suffice it to say that 59 million shares of <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VMRI\">VMRI<\/a>&#8216;s <\/strong>common stock were issued at a rate of 0.000169 per share a couple of years back.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93788\/fcsadfsdafsd.png\" border=\"0\" width=\"116\" height=\"52\" \/>Investors should take all of those facts into consideration when making up their mind about committing to <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VMRI\">VMRI<\/a> <\/strong>stock, and act accordingly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Valmie Resources Inc. (OTCBB:VMRI) manged another 27% jump yesterday &ndash; which is extremely odd, if you keep all of the company&#8217;s horrific shortcomings in mind. And when we say &ldquo;horrific shortcomings&rdquo;, we&#8217;re not exaggerating&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1601],"class_list":["post-8140","post","type-post","status-publish","format-standard","hentry","category-news","tag-vmri"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=8140"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8140\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=8140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=8140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=8140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}