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Tuesday, November 29, 2022

The Highs and Lows of Valmie Resources Inc (OTCBB:VMRI)

Valmie Resources Inc (OTCBB:VMRI) continues to fall lower in recent weeks on accelerating volume. This one has everyone´s attention, Investors remember the initial run this one made in June from pennies to highs of $3.43 a share.

VMRI saw a parabolic rise when it first hit the OTCBB earlier this year running to highs of $3.43 on a promotion from Emerging Markets Consulting, LLC who issued a press released on VMRI titled Above & Beyond, The Future is Bright for Drones. According to the disclaimer EMC has been paid $25,000 by Dedicated Emails on behalf of Valmie Resources for various marketing services including this report.

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 last 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.

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.

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In the beginning of May VMRI announced the launch of Aerolift eXpress, an elite unmanned transportation service that operates using military grade vehicles and systems. With a focus on the energy sector, the joint venture partnership between Valmie and the privately held tech startup was disclosed today at the Offshore Technology Conference (OTC) in Houston. Valmie is a development stage company dedicated to the rapid commercialization of leading edge unmanned aerial system (UAS) technologies and solutions.

At the end of June VMRI reported significant progress during the first six months of 2016 and revealed exciting planned initiatives for the months ahead. One of the projects under consideration is collaboration with an international contractor that supports major providers throughout Latin America. Following an extended meeting at OTC, the contractor’s president invited AeroLift to Brazil to discuss adding AeroLift to its portfolio to aid in the performance of a contract with a major oil and gas client.

On December 13 VMRI has ordered five multi-rotor fixed-wing Transition BASE Systems from ALTI UAS, a leading unmanned aircraft systems (UAS) developer. Valmie will add the innovative hybrid systems to its existing product line of unmanned aerial vehicles (UAV’s). The five next generation commercial aircraft will have the ability to take off and land vertically, practically anywhere.

The vertical take off and land (VTOL) systems will feature an efficient aerodynamic design that boasts one of the fastest deployment times for aircraft of this nature, claiming a case-to-flight time in less than five minutes. Unlike traditional fixed-wing drones, large complex launch and landing hardware is not required.

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Currently trading at a whopping $38.34 million market valuation VMRI has minimal assets and no revenues to date. But VMRI is an explosive situation in small caps; the Company operates in the booming global unmanned aerial vehicles market estimated to reach worldwide spending of $98 billion in the coming years, according to Business Insider. VMRI recently secured a sought-after 333 Exemption to operate unmanned aircraft within the U.S. National Airspace System as well as formed a joint venture with AeroLift eXpress, an elite unmanned aerial transport service that uses military grade vehicles and systems. The stock has also attracted a loyal shareholder base that believes this one goes much higher. VMRI is currently being promoted by Emerging Markets Consulting, LLC with a $25,000 production budget. Short term VMRI could easily go higher, long term it could drop big once the promo dollars run dry. 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 article.

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