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Valmie Resources Inc (OTCBB:VMRI) took a plunge yesterday after it announced intentions of going ahead with potential acquisitions. The company released a press note stating that it has shortlisted a handful of companies that match its criteria and are seen as potential acquisitions. Vale further added that it has entered into the evaluation process and is in discussions with the selected companies.

Target acquisitions

The statement underscores Valmie Resources Inc (OTCBB:VMRI)’s efforts to identify acquisition opportunities that have value-creating synergies and are a strategic fit with the company’s core business of unmanned aerial vehicle (UAV) technology. The company’s announcement of looking forward to potential acquisitions came after it participated at the Unmanned Systems 2015 conference. The conference organized by the Association for Unmanned Vehicle Systems International (AUVSI) witnessed attendance from a number of emerging companies.

Inorganic growth

It was at the conference that Valmie Resources Inc (OTCBB:VMRI) came across such companies, which have contributed immensely for the growth of the aerial robotics industry through innovations, technologies or processes. The company’s President and CEO, Gerald B. Hammack stated that the company is looking forward to expanding through inorganic growth by targeting potential companies that will help the company to capture commercial drone sector market share. Hammack continued that such acquisitions will boost the company’s portfolio and help it identify the companies with better technology, which in turn, will be developed along the process of building shareholder value.

The company’s target of more acquisitions came after it recently bought Vertitek Inc, a leading company in the UAV sector. Currently, Valmie and Vertitek are jointly developing the V-1 drone, which is aimed to serve an international crop monitoring client as a part of the agricultural platform. The stock of Valmie Resources Inc (OTCBB:VMRI) was down by nearly 12% to $0.920 during the last trading session as a total of 120,372 shares changed hands.

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Steve Kanaval
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.