Valmie Resources Inc (OTCBB:VMRI) Corrects On Impressive Volumes

[[tagnumber 0]][[tagnumber 1]]The stock of Valmie Resources Inc (OTCBB:VMRI) didn’t attract a lot of attention throughout the first quarter of the year and was moving in an almost straight line. Then, a paid promotional campaign kicked off in the beginning of April and we might very well see that it is one of the biggest recently, as we have already received more than 100 emails.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Market 365 LLC even put out a landing page and, despite being unable to provide an impressive boost in price, the efforts at least managed generate some serious volumes. Unfortunately, the final days of April saw [[tagnumber 6]]VMRI [[tagnumber 7]]sliding violently and the ticker lost 66% of its value between April 17 and April 28.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]One reason for this might be the fact that [[tagnumber 6]]VMRI [[tagnumber 7]]doesn’t have much to show and the hype was generated mainly by the pump and aided by press releases coming from the company. Here is what the company had to show for the quarterly period ended February 28, 2015.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 17]] [[tagnumber 18]]cash: $5 thousand[[tagnumber 19]] [[tagnumber 18]]total assets: $31 thousand[[tagnumber 19]] [[tagnumber 18]]total liabilities: $350 thousand[[tagnumber 19]] [[tagnumber 18]]revenues: $0[[tagnumber 19]] [[tagnumber 18]]net loss: $135 thousand[[tagnumber 19]] [[tagnumber 28]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Far from impressive. Furthermore, there is the matter of the highly discounted shares that have seen the light of day. As we wrote in our previous article, a few years ago 59 million shares were sold for less than $10 thousand. A recent filing showed that, while you were buying shares at $2.80 per pop on April 6, a total of 3,839,270 shares of common stock were issued as a conversion of $383,927 worth of debt. This puts the price per share at just $0.10.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Are you having any thoughts on who might be behind the promotional efforts yet? We think that the answer is pretty obvious. Still, [[tagnumber 6]]VMRI [[tagnumber 7]]had a fairly good run this week. That is, however, until yesterday when the ticker lost 13.92% and closed at $1.36 per share generating $505 thousand in daily dollar volume, a new record for [[tagnumber 6]]VMRI[[tagnumber 7]].[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering all this, you should carefully evaluate the risks and do your due diligence if you have any plans on making a play with [[tagnumber 6]]VMRI[[tagnumber 7]].[[tagnumber 2]]