EnerJex Resources Inc (ENRJ)

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CarlCarlMcB Free

03/30/18 7:02 AM

Post #559

Re: #506: @dicer666 - I was planning on to sell after the

Where's enerJex

moorecj1976 Free

03/29/18 1:01 PM

Post #558

Untradeable stock. Just get to sit here and watch it crash. Smfh.

dragon52

03/28/18 1:04 PM

Post #557

Re: #556: @TheFinalCD - ENRJ/UAVS https://globenewswire.com/news-release/2018/03/27/1453686/0/en/AgEagle

Now you know why they were not worried about being under the minimum...

The merger killed so many birds with one stone that it was the solution to the whole problem.

TheFinalCD PremiumMember

03/28/18 1:00 PM

Post #556

Re: #552: @dragon52 - Probable new symbol will be UAVS...

ENRJ/UAVS https://globenewswire.com/news-release/2018/03/27/1453686/0/en/AgEagle-Aerial-Systems-Closes-Merger-with-EnerJex-To-Initiate-Trading-on-NYSE-as-UAVS.html

Familyman-5 Free

03/27/18 3:49 PM

Post #555

Re: #554: @dragon52 - its done already and trading under UAVS

Hummm..... my Robinhood account isn’t letting me yet. Thanks for the info.

dragon52

03/27/18 12:39 PM

Post #554

Re: #553: @Familyman-5 - Anyone know how long this transfer to new

its done already and trading under UAVS

Familyman-5 Free

03/27/18 12:38 PM

Post #553

Re: #552: @dragon52 - Probable new symbol will be UAVS...

Anyone know how long this transfer to new symbol and split will take?

dragon52

03/27/18 12:08 PM

Post #552

Probable new symbol will be UAVS...

ENRJ not trading...

ClayTrader Free

03/26/18 5:24 PM

Post #551

* * $ENRJ Video Chart 03-26-18 * *

Link to Video - click here to watch the technical chart video

nokomis

03/26/18 11:35 AM

Post #550

Re: #547: @stockman89 - Should we hold, sell or buy more?

certainly has upward momentum today

CarlCarlMcB Free

03/22/18 6:54 PM

Post #549

Re: #547: @stockman89 - Should we hold, sell or buy more?

Hard 11

ClayTrader Free

03/22/18 5:21 PM

Post #548

* * $ENRJ Video Chart 03-22-18 * *

Link to Video - click here to watch the technical chart video

stockman89 Free

03/22/18 1:50 PM

Post #547

Re: #546: @Explorergypsy1 - Right on that . is to bring value

Should we hold, sell or buy more? It seems like it is halted right at the moment. Where will this be tomorrow and EOM?

Explorergypsy1 Free

03/22/18 12:54 PM

Post #546

Re: #544: @dragon52 - If this was just a regular RS to

Right on that . is to bring value and make it easy to a company to go public . People are in panic because of RS they have til August to have the price over $1 . the RS is too bring value to the merger of one company listed and the other one wanted to go public , clear !
great Dragon52 U are helping with another opinion . I agree

dragon52

03/22/18 12:51 PM

Post #545

Re: #544: @dragon52 - If this was just a regular RS to

Done buying for today... got enough imo

Just going to sit and wait.

dragon52

03/22/18 12:46 PM

Post #544

Re: #542: @dragon52 - Right now MM's are waiting for sellers so

If this was just a regular RS to bring share pricing up...

I would be cautious about this one. Still cautious but, the reasoning to prop up the pricing is adding value to the merger and adding AG assets to the mix. There is more to this than just doing a RS to keep pricing above market requirements. Not to mention this will be a different company with a viable product that has been tested. A lot of potential here and cheap.

dragon52

03/22/18 12:36 PM

Post #543

Re: #541: @Explorergypsy1 - unjustified drop of price Imo RS scared soft hands

closer to $1...

The closer the less the RS, though 1-25 is pretty steep, valuation is positive not just a regular RS.

dragon52

03/22/18 12:34 PM

Post #542

Re: #540: @dragon52 - It could happen before, but imo

Right now MM's are waiting for sellers so they can cover...

the more sellers and shares are brought in at these prices, the less work they have to do since sellers are giving away shares at these pricing. no guts no glory as they say.

This will probably finalize no sooner than end of the month or mid-month but not immediate, since they have to get approval from the SEC and NYSE for the merger.

Explorergypsy1 Free

03/22/18 12:32 PM

Post #541

Re: #540: @dragon52 - It could happen before, but imo

unjustified drop of price Imo RS scared soft hands
I see a lot of buyers and big positions taking place since this morning price wanted to push up but I see MM work .
where do U see the PS going before merger completes and RS . If price goes up more PS after RS.

dragon52

03/22/18 12:07 PM

Post #540

Re: #536: @Explorergypsy1 - you are doing great job catching in right

It could happen before, but imo

it will happen when the merger is about to be completed giving both sides new shares of the new company.

Right now I see MM's trying to scramble in covering their short sells before the new name and symbol change takes place. Once that happens their shares they used will have to come from some place or lose it entirely.

moorecj1976 Free

03/22/18 10:24 AM

Post #539

Re: #534: @stockman89 - Only 6 more hours til this baby starts

But then again....lol pumpers....

dicer666

03/22/18 8:57 AM

Post #538

Re: #537: @dicer666 - Market did not like the news after the

Pre-Market down 17%...geez. why did they put that R/S into their otherwise great news?

dicer666

03/22/18 6:19 AM

Post #537

Market did not like the news after the close. I hope it’s better today.

Explorergypsy1 Free

03/22/18 5:42 AM

Post #536

Re: #535: @dragon52 - Interesting... Common stock, $0.001 par value, 250,000,000 shares auth

you are doing great job catching in right Dragon 52, thumbs up .
What I understand is that RS will happen before the merger is finished?right.
Is in their convenience any way that the price goes above the current levels before the events RS & Merger.
Interesting the point of after the deal is done with share reduction and valuation it will be better if let the market dictate the right price and with some kind of PR and just by an industry that is taking its shape and developing the industry has not even a price in yet

dragon52

03/22/18 3:52 AM

Post #535

Interesting...

Common stock, $0.001 par value, 250,000,000 shares authorized; shares issued and outstanding 10,321,397 at September 30, 2017 and 8,423,936 at December 31, 2016, respectively.

Yet, there is approx 12 Mil in the float?... volume has traded 8xs what is available in the last 3 days... and ENRJ will dodge the bullet. lol

Shares of EnerJex common stock are currently listed on the NYSE American under the symbol “ENRJ.” Prior to completion of the Merger, the parties intend to file a listing application with the NYSE American relating to the combined company. After completion of the Merger, EnerJex will be renamed “AgEagle Aerial Systems, Inc.” and expects to continue to trade on the NYSE American under the symbol “[?].”

Name change is in the wind... guess was correct.

250,000,000 Authorized shares (Taken from last 10Q), divided by 25 will give this a 10,000,000 Auth cap, should this RS come forth. Obviously 10 Mil will not be all sent out to graze but imo possibly 50% at best. 25 x ? price upon merger completion will dictate what the going pricing will be... Should this close near $1 by the time merger is finished, pricing will be epic even with the RS imbedded, but here is the kicker... the RS might not even happen. Share reduction amongst the two companies and valuation might dictate no need once merger is complete and name is changed. It could move to $4 - $5+ on it's own.

Huge potential here... though the RS is hard pill to swallow, the valuation is what will keep this afloat.

Of course this is all jmo, but the big picture is already drawn.

stockman89 Free

03/22/18 12:41 AM

Post #534

Only 6 more hours til this baby starts running hard!! It could open at .55 :)))))

turbo996

03/21/18 9:46 PM

Post #533

RE: Dicer666
Good point. This company hasn't been subject to Fed's SEC accounting and Class Action Lawsuits. There are several institutional investors (7 at last count) small per centage of shares out of the millions but several hundred thousand shares that have lawyers working for them. Not a terrible valuation. About 25 to 30% high but it will play out like an ipo except for the nerve factor coming out pf the gate. Low ball offers may well dip the price but maybe it goes on to 10 bucks

dicer666

03/21/18 7:09 PM

Post #532

“The Company plans to conduct a 25 for 1 reverse stock split,” Key word here is “plans”. It didn’t say “will”. I know it’s long shot, but they could change their mind.

wickerman

03/21/18 5:20 PM

Post #531

Re: #526: @dicer666 - Why would they do 25:1 split? Why

ENRJ wow 1:25 R/S that's a GBSN/TOPS style hosing

turbo996

03/21/18 5:08 PM

Post #530

Nothing to do but hook in and hold on. If anyone wants a piece of AG Eagle they have to buy it from us. Lets hope they want in

BiddingontheAsk Free

03/21/18 4:53 PM

Post #529

Post market does not seem to like the news. Ruh roh.

dicer666

03/21/18 4:38 PM

Post #528

With low float, they decided to kill the current shareholders...

Heycenda

03/21/18 4:34 PM

Post #527

https://www.nasdaq.com/press-release/enerjex-resources-stockholders-vote-in-favor-of-merger-with-ageagle-aerial-systems-20180321-00984

dicer666

03/21/18 4:29 PM

Post #526

Why would they do 25:1 split? Why not 5:1 and let market decide how high it will go.

turbo996

03/21/18 4:22 PM

Post #525

RE:Heycenda
Thx for info. 25to1 owee. Hoping 20

Heycenda

03/21/18 4:12 PM

Post #524

Merger approved, also r/s 25:1

turbo996

03/21/18 3:50 PM

Post #523

Steady (within .1) climb to .55 will fire the afterburners. 50dma is closing gap now

turbo996

03/21/18 3:16 PM

Post #522

Nokomis not Nokimis Dammit I wasted a post

turbo996

03/21/18 2:58 PM

Post #521

Nokimis called it.
Appears as you said and when you said it. Slow walk up may be a blessing. Fingers crossed. Been fooled before but this one was so completely bombed out, I think it might turn into a green butterfly

nokomis

03/21/18 2:51 PM

Post #520

Re: #519: @nokomis - vol. and gap filled @ .29 Up from here

more volume coming in. Up

nokomis

03/21/18 2:34 PM

Post #519

Re: #518: @turbo996 - Nokomis I agree. .29 to .3 is

vol. and gap filled @ .29 Up from here

turbo996

03/21/18 2:10 PM

Post #518

Nokomis I agree. .29 to .3 is good support here. I was going to add to a position in CHKR but if ENRJ gets to a base here, I will probably increase my stake here instead

dragon52

03/21/18 1:12 PM

Post #517

Nothing like being able to pick up bargains at a discount...

MM's covering their short interests in the past two days makes this a prime target.

Short Interest
16,328 (40720%)

this has less than 13 mil in the float... lol pretty low

nokomis

03/21/18 1:05 PM

Post #516

Re: #515: @turbo996 - RE: Nokomis

impressed by .30 support

turbo996

03/21/18 1:02 PM

Post #515

RE: Nokomis
Still above Claytrader's .25 call and he is very bullish. Thinking the short term speculators are selling off. HOPING that is what is happening. Tried to get a handle on valuations with sketchy info but I believe shareholders will benefit more by riding the merger especially if AG Eagle will be selling their oilfields

nokomis

03/21/18 12:51 PM

Post #514

Re: #511: @turbo996 - Oops. Sorry CarlCarlMcB

the seem to park at 200dma .26 or .27 next entry

dicer666

03/21/18 11:50 AM

Post #513

Re: #512: @BiddingontheAsk - Were the merger results going to be announced

My guess is after market closes.

BiddingontheAsk Free

03/21/18 11:39 AM

Post #512

Were the merger results going to be announced after market today or during trading?

turbo996

03/21/18 11:24 AM

Post #511

Oops. Sorry CarlCarlMcB
That was meant for you. You must be an angry short seller.

turbo996

03/21/18 11:15 AM

Post #510

"Not"stradamus. Have to change my handle. Much of my occupation involves thought experiments of why an what ifs. AG Eagle filed to go public then withdrew and agreed to all of the ENRJ biz. Why is a drone company buying an oil company...only thing that makes sense to me. ENRJ is worth much more than they are getting it for

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EnerJex Resources Inc (ENRJ)

Followers	25	Posters	111
Posts (Today)	0	Posts (Total)	560
Created	11/18/07	Type	Free
Moderators

Company Web Site
http://www.enerjexresources.com/

EnerJex is a domestic onshore oil company with assets located in Eastern Kansas and South Texas. The Company's primary business is to explore, develop, produce and acquire oil properties onshore in the United States. Enerjex presently owns a majority interest in approximately 500 producing oil wells and has the potential to drill thousands of additional wells on its existing leaseholds.

EnerJex Announces Formation of General Partnership to Drill Up to 150 New Wells

SAN ANTONIO, Dec. 19, 2011 /PRNewswire/ -- EnerJex Resources, Inc. (OTCMarkets: ENRJ) ("EnerJex" or the "Company"), a domestic onshore oil company, announced today that it has formed a general partnership named "Rantoul Partners" in order to develop the Company's Rantoul Project assets located in Eastern Kansas.

EnerJex contributed its existing Rantoul Project assets to the partnership at an agreed upon value of $15 million, and two investors are scheduled to contribute a total of $5 million, which would enable the partnership to drill approximately 150 new wells. Management expects the additional wells funded by this transaction to more than double production from the Rantoul Project to in excess of 200 barrels of oil per day.

Upon closing of this transaction, the investors immediately funded $2.35 million in return for an 11.75% ownership interest in the partnership, and they are scheduled to fund an additional $2.65 million in multiple tranches over the next 14 months. EnerJex currently owns 88.25% of the partnership and will own 75% if the full $5 million is funded as scheduled.

Rantoul Partners was structured in a manner which is expected to provide the investors with certain tax benefits as well as the opportunity to participate in the future cash flow of the partnership's assets. At the end of 2010, EnerJex had a net operating loss carry forward of approximately $10 million, which has increased significantly during 2011 as a result of the Company's aggressive capital expenditures program. Therefore, EnerJex does not expect to pay income taxes in the foreseeable future. As a result, EnerJex is in a position to make special tax allocations to investors under the general partnership structure, which meaningfully enhances the potential return from their investment. The Company is considering the formation of additional general partnerships to further the development of its assets in an accretive manner for shareholders.

Management Comments

EnerJex's CEO, Robert Watson, Jr., commented, "I would like to thank Texas Capital Bank and the investors for working with the Company to complete this transaction, which is expected to result in significantly higher net production, cash flow, and proved reserve value for EnerJex with no dilution to shareholders. The formation of Rantoul Partners is a creative solution that I truly believe is a win-win for both the Company and the partnership's investors."

http://ih.advfn.com/p.php?pid=nmona&article=50472918

ENRJ Chart