BLACKROCK Municipal Income TRUST V.BFK.P

Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.

NYSE:BFK - Post by User

BLACKROCK Municipal Income TRUST > What's the market cap on Hexo?!?

<< Previous

Bullboard Posts

Next >>

Comment by VeritasVernon May 04, 2022 7:23pm

74 Views

Post# 34657016

RE:What's the market cap on Hexo?!?

That was an impossible number at one point according to all bag-holding-longs and frankly some of us based on reality. But it just shows how pathetic this company is with reves at about $200 m per year but declining on losing market share to competitors.
The reason is obvious, the company continues to bleed, has been and continues to go to the market for more cash via dilution, has overhanging debt and interest and fee payments and is now needing to do another reverse split of what 10/1 min but likely 14/1
As of April 22 there were 458.17 million shares outstanding and that doesn't include the most recent ATM of $40 m which will add in another 80 million shares at a 50 cents which is currently higher than market. Anyone care to guess how many shares outstanding there will be a year from now with further cash needed on an ongoing basis?