![](\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93863\/vzxcvzx.png\")
Valmie Resources Inc. (OTCBB:VMRI<\/a>) finished the last session before the long weekend in the green, but us already red in today’s early trading. And how could it not be? <\/p>\nIt seems like investors were right to expect a dead cat bounce, because that is exactly what Friday’s session turned out to be – a brief period of respite that broke VMRI<\/a>‘s <\/strong>crash for just one session. Then again, that’s what one could reasonably expect from a company that issues millions of shares of stock at prices much lower than its current price.<\/p>\n To elaborate – VMRI<\/a>‘s <\/strong>latest S-1 gave investors some pretty horrible numbers. It turns out that until relatively recently, the company has been pumpung out shares of common stock at rates of $0.1 per share as a result of toxic conversions. How much of those have entered circulation?<\/p>\n As of April 14, 2016 VMRI<\/a> <\/strong>had 64 million shares of common stock. Since then, the company has issued a couple of million more – including that one time it issued another 2 million shares of common stock in return for just $200 thousand worth of funding.<\/p>\n One look at the documents describing the company’s rampant toxic funding habits more or less reveals why VMRI<\/a> <\/strong>didn’t really have a chance of a protracted bounce. Well, that and the fact that its market cap after a horrible crash is still as bloated as $80 MILLION, while its achievements to date are as unimpressive as they get:<\/p>\n Long story short – it is no wonder that the SEC has branded VMRI<\/a> <\/strong>with the dreaded skull and crossbones tags: VMRI Valmie Resources Inc. (OTCBB:VMRI) finished the last session before the long weekend in the green, but us already red in today’s early trading. And how could it not be? It seems like...<\/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":[],"class_list":["post-8239","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8239","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=8239"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8239\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=8239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=8239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=8239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
stamp. VMRI<\/a> <\/strong>has a lot of shortcomings that threaten investor value, and it doesn’t seem like it is trying to mitigate them at all. In fact, the exact opposite seems to be true.<\/p>\n![](\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93863\/vzxcvzxc.png\")
Investors should definitely take a note of that and act accordingly.<\/p>\n","protected":false},"excerpt":{"rendered":"