Valmie Resources Inc (OTCBB:VMRI) Crashing On Record Volumes

[[tagnumber 0]][[tagnumber 1]]The past month has been terrible for the stock of Valmie Resources Inc (OTCBB:VMRI) as the stock dropped from above $3 per share to around $1 per share in the beginning of May. We saw the ticker try to make a comeback, but it only got as far as $1.50 before returning to its downward direction.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]One of the main reasons for the poor performance of the company stock is the long paid promotion that [[tagnumber 6]]VMRI [[tagnumber 7]]is a target of. Since it started back in March we have received around 140 emails in our inbox. Another reason for the decline is the fact that by drawing so much attention through paid newsletters will surely results in a lot of people checking the financial filings of the company. And here is what [[tagnumber 6]]VMRI [[tagnumber 7]]had to show at the end of February.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 13]] [[tagnumber 14]]cash: $5 thousand[[tagnumber 15]] [[tagnumber 14]]current assets: $31 thousand[[tagnumber 15]] [[tagnumber 14]]current liabilities: $75 thousand[[tagnumber 15]] [[tagnumber 14]]quarterly revenues: ZERO[[tagnumber 15]] [[tagnumber 14]]quarterly net loss: $135 thousand[[tagnumber 15]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Definitely doesn’t look very good, especially with all the acquisition talks coming from company HQ lately. [[tagnumber 6]]VMRI [[tagnumber 7]]has been trying to hype up investors with regular press releases, but most of them are just recycled old ones.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Talks of acquisitions with these cash positions can only mean one thing – massive dilution. And we have already seen [[tagnumber 6]]VMRI [[tagnumber 7]]sell large amounts of heavily discounted stock. A few years ago the company issued around 59 million shares of common stock for just $10 thousand.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And by the looks of it, some of those discounted shares might have not been traded yet. Yesterday [[tagnumber 6]]VMRI [[tagnumber 7]]lost another 21.69% of its value and closed the session at $0.6265 on a record volume of 915 thousand shares that generated $619 thousand in daily trade value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today’s session hasn’t started any better and the ticker is 20.99% lower as of the writing of this article so be sure to do your due diligence and weigh out the risks before making any investment decisions.[[tagnumber 2]]