Valmie Resources Inc. (OTCBB:VMRI)‘s Tumble Continues
Valmie Resources Inc. (OTCBB:VMRI) got knocked another 15.71% down the charts yesterday, and by now it has already lost a large chunk of its most recent gains – but at this point it doesn’t really seem like its crash will be slowing down any time soon.
As we have pointed out in our articles about the company, such a turn of events was all but inevitable. What’s more, the gross discrepancy between VMRI’s hugely bloated market cap and its meager achievements to date meant that the imminent crash was going to be very bad indeed.
But just how bad could it be?
Well, judging by its past shenanigans and its current situation „very bad indeed“ is a bit of an understatement. The fact that 59 million shares of the company’s common shares were issued at a rate of 0.000169 per share a couple of years back shows what kind of danger investor value was in from the very start of the ticker’s climb.
And even if you discount that horrifying statistic as outdated and irrelevant, there’s still the issue that over the last two years, VMRI has sold about 3 million shares of its common stock at a rate of $0.1 per share.
So now that we’ve established that VMRI’s crash, as well as its probable continuation, is completely justified – what could investors do to take advantage of the situation?
Well, some people on the company’s message boards clearly expect VMRI to make a dead cat bounce one of these days. Such a turn of events could give aggressive traders a window of opportunity for profit – but make no mistake, attempting to exploit such a chance is as risky an endeavour as they get.
As usual, investors are advised to use common sense and be diligent and vigilant when dealing with VMRI.