TNT

[SeatonBM]

Curious thoughts here on this...

I'd like to get you take on this stock... I don't have a lot of Merger or Reverse Split knowledge or experience...

ENRJ, chart looks interesting...

ENRJ - Enerjex Resources (trades for $0.18 on NASDAQ, down from 5 days ago where is spiked to $0.50 from $0.1945).

They're in the process of going through a merger with UAVS - AgEagle Aerial Systems (trades for $4.25 on NASDAQ).

https://www.otcmarkets.com/stock/enrj/news
https://www.otcmarkets.com/stock/enrj/disclosure

ENRJ was also just served NASDAQ a non compliance for low share price, they don't feel it will effect the merger...

ENRJ also held a shareholder vote regarding the merger, and it was approved by shareholders...

Part of the merger though will be a 25:1 reverse split... Currently has 23.6 million shares outstanding according to TD Ameritrade (not sure if this is before or after the split yet, that sounds SUPER low)...

I got this next part off iHub here:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139471133

Quote:
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

Quote:
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.