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Valmie Resources Inc. (OTCBB:VMRI<\/a>) got knocked another 15.71% down the charts yesterday, and by now it has already lost a large chunk of its most recent gains – but at this point it doesn’t really seem like its crash will be slowing down any time soon.<\/p>\nAs we have pointed out in our articles about the company, such a turn of events was all but inevitable. What’s more, the gross discrepancy between VMRI<\/a>’s <\/strong>hugely bloated market cap and its meager achievements to date meant that the imminent crash was going to be very bad indeed.<\/p>\n But just how bad could it be?<\/p>\n Well, judging by its past shenanigans and its current situation „very bad indeed<\/em>“ is a bit of an understatement. The fact that 59 million shares of the company’s common shares were issued at a rate of 0.000169 per share a couple of years back shows what kind of danger investor value was in from the very start of the ticker’s climb.<\/p>\n And even if you discount that horrifying statistic as outdated and irrelevant, there’s still the issue that over the last two years, VMRI<\/a> <\/strong>has sold about 3 million shares of its common stock at a rate of $0.1 per share.<\/p>\n So now that we’ve established that VMRI<\/a>’s <\/strong>crash, as well as its probable continuation, is completely justified – what could investors do to take advantage of the situation?<\/p>\n Well, some people on the company’s message boards clearly expect VMRI<\/a> <\/strong>to make a dead cat bounce one of these days. Such a turn of events could give aggressive traders a window of opportunity for profit – but make no mistake, attempting to exploit such a chance is as risky an endeavour as they get.<\/p>\n
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As usual, investors are advised to use common sense and be diligent and vigilant when dealing with