Valmie Resources Inc (OTCBB:VMRI) is one penny stock that has everyone attention seeing a spectacular rise over the past few months to highs of $3.43 before gravity set in and the whole thing began to collapse.
VMRI has a long history of promotion with the last run kicked off by the paid promotion by 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. In their latest release they state that Wal-Mart is testing drones in its warehouses as a hyper-efficient means to monitor inventory.
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.
Valmie and AeroLift are also in talks with a Lagos-based company to perform pipeline surveillance and inspections. Following a number of successful meetings with numerous U.S. offshore operations companies, AeroLift has begun the process of obtaining Federal Aviation Administration permission to hold a live demonstration at a safe site for these and other companies.
CEO Gerald B. Hammack commented “We are extremely proud of our accomplishments so far this year and confident that Valmie will continue the momentum in the months ahead. We are particularly enthusiastic about events taking place in August and invite shareholders and the public to stay connected for a lot of exciting news!”
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Currently trading at a whopping $98 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.