Valmie Resources Inc (OTCBB:VMRI) has seen a significant acceleration of price and volume in recent days off its base at $3. The stock was trading for under a $1 back in December but has been moving up steadily since.
The move on VMRI is supported by several online newsletters that have alerted the stock to their followers. There are also paid guys posting on IHUB.
Valmie Resources Inc (OTCBB:VMRI) bills itself as a U.S. company actively pursuing opportunities for the commercialization of leading edge products and services in the rapidly expanding technology industry. Valmie seeks concepts with valid business models positioned to make a significant impact within the four key “megasectors” of technology: software, hardware, networking and semiconductors. Valmie brings operating talent, tools and leadership to emerging companies in these sectors, promoting industry awareness and developing economically sustainable partnerships while increasing shareholder value.
Valmie went public on January 20 of this year after a reverse merger with the existing. The shell was originally incorporated in 2011 to become a mineral exploration company with a property in Lander County, Nevada.
On March 31 VMRI said ”continues to demonstrate a commitment to growth through its acquisition of Vertitek Inc., a privately held tech frontrunner in the unmanned aerial vehicle (UAV) sector. With this acquisition, Valmie obtains rights to Vertitek’s entire portfolio of investigational next generation UAV designs and autonomous flight controllers, including the V-1 Drone, which is currently being tested and prepared for its maiden flight.
Gerald B. Hammack CEO of Valmie said “We welcome Vertitek and are extremely pleased to add this market leader to our mission-critical assets. UAV technology is a game changer and will inject billions of dollars into the American and global economies. Pioneering companies such as Vertitek represent an exciting opportunity to meet aggressive growth goals and enhance profitability. This acquisition will accelerate future growth and allow us to capture market share early on.”
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The exciting industry surrounding global unmanned aerial vehicles is estimated to reach worldwide spending of $98 billion in the coming years, according to Business Insider.
“The massive impact of drone technology is being felt across the globe as unmanned vehicles become robust tools for data gathering and analysis, enabling mapping, surveying, 3D modeling and more. We couldn’t be happier about continuing our collaborative efforts with an enterprise of Valmie’s caliber and forming a ‘dream team’ that will propel both companies to reach full potential in this dynamic market,” said Sean Foster, founder of Vertitek.
Vertitek’s hardware and software technology enables a sophisticated level of autonomy for UAV’s including precision guidance controls and advanced safety features. Vertitek’s commercial V-1 Drone is designed to enhance Valmie’s speed-to-market strategy with an integrated, fully autonomous autopilot leveraging Valmie’s AIMD (Autonomous Intelligence for Mobile Devices) Platform.
AIMD, Valmie’s revolutionary end-to-end cloud platform, will help users manage and control independent mobilized devices with a unique set of data services. This new platform, currently in development, will give drones – and other unmanned vehicles – an improved ability to communicate. Vertitek develops components for unmanned vehicles, leveraging the business value that comes from customizing them for specific industries and analyzing the data they collect.
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Currently trading at a whopping $180 million market valuation VMRI has minimal assets and no revenues to date. The stock has performed well over the past few months on a steady stream of press from the Company as well as steady promotion have kept investors interested. Short term anything is liable to happen, long term the stock could drop big. We will be updating on VMRI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with VMRI.
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Disclosure: we hold no position in VMRI either long or short and we have not been compensated for this