Valmie Resources Inc (OTCBB:VMRI) Updates On Recent Developments

Valmie Resources Inc (OTCBB:VMRI) revealed that it has received an invitation to visit a aviation company in Zhuhai. The objective of the trip is to explore potential opportunities related with its unmanned aerial vehicle technology. The trip to Zhuhai is the first visit in a series of planned meetings in China as the company explores lucrative partnerships, acquisition targets, and source of production for V-1 Drone.

The objective

While in China, Valmie wants to locate potential opportunities which can serve as an effective strategic fit within UAV technology. The President Gerald B. Hammack expressed that the Chinese have started to expand their market position in the international UAV industry. The technology is now getting attention even in the segment of hobby to civil applications.

Valmie Resources reported that drones served as means of delivering parcels in some Chinese towns. The management intends to make substantial progress in expansion of its offering. It will maintain focus on accretive growth as they work on UAV’s to get a bigger pie of the UAV commercial market.

The market

Zhuhai is a Special Economic Zone in China and therefore it becomes easier for the foreign and domestic firms to invest and trade in city. There are less regulations and foundations as compared to other parts of China. These zones are specially prepared to attract overseas investment and support country’s economic growth.

In other news, Valmie Resources confirmed that it bought Vertitek, Inc. a privately owned tech firm active in the growing UAV sector. The company is working in association with Vertitek in the advancement of leading product, known as V-1 Drone. It has been approved for agricultural application by a renowned international crop monitoring customer.


Valmie Resources Inc (OTCBB:VMRI) lost 18.84% yesterday but that pales in comparison to the extent it lost from the 52 week high of $6 in just 10 weeks, a staggering 94%. On March 23, 2015 the stock rallied to $6 from $3 levels but crashed in the same session to end the day at $2.76. That day was the major signal and the beginning of the bear market the stock currently finds itself in. The last part of the decline is contained in a perfect channel and unless that is broken on the upside, the bulls can’t expect much.

Legal Notice: This work is based on what we’ve learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It’s your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Don’t trade in these markets with money you can’t afford to lose. Investing in stock markets involves the risk of loss. Before investing you should consider carefully the risks involved, if you have any doubt as to suitability or the taxation implications, seek independent financial advice. StocksnTrade expressly forbids its writers from having a financial interest in their own securities or commodities recommendations to readers. Such recommendations may be traded, however, by other editors, StocksnTrade, its affiliated entities, employees, and agents, but only after waiting 24 hours after an internet broadcast.

(c) 2018 StocksnTrade. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of StocksnTrade. See site disclaimer for compensation.

Linda Ledbetter

Linda Ledbetter

Linda holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications.

Leave a Response