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.

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BLACKROCK Municipal Income TRUST > If you spend $1.5 billion

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Comment by VeritasVernon Aug 26, 2022 11:30am

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Post# 34922640

RE:RE:RE:If you spend $1.5 billion

Queerlash you are the #1 most pathetic on this board. So if Hexo shares drop to 10 cent the Zen/48N/Rede buyouts are even a better deal? Wow wouldn't it be fantastic if Hexo dropped to 1 cent even a better deal yet. Quoting the income of the companies without the respective losses is missing the point and on why Hexo is now a 27 cent stock. And if such good aquisitions why did they sell off most of the company assets. Clearly they should never have bought Zen and 48N and Redecan was way over priced to the point Hexo is essentially bankrupt which set the stage for companies like Tilray to get them for cheap. You guys are both clueless.

quinlash wrote:

Touran77 wrote:
Hello Keeler :), me again since no one else care about what you write.

Anyone following Hexo knows that they didn't spend 1.5B for acquisition. Those dollar figured were based on SP around Feb 2021, which was, and I quote you on that one, "crazy overvalued".

Here is how much the acquisitions of Zenabis/48N/Redecan actually costed Hexo:

Zenabis: 17M shares, worth around 4.4M as we speak. Zena brought at the time around 9M in sales a quarter or 36M annually. Do not forget about brand and IP.

48N: 5M shares, worth around 1.3M as we speak. Do not forget about brand and IP (especially in cosmetic).

Redecan: 70M shares, worth around 18.2M as we speak PLUS 400M in cash. Redecan brought at the time around 20M in sales a quarter. Do not forget about brand and IP (Do we really need to talk about Redees?)

Total of 423.9M.

Funny how Keeler's double standard work :p. He likes to used the The highest SP we have seen since November 2019 when it is time to put a dollar sign on the acquisition made with shares, but also like to say that this SP was never supposed to happen and that it was "crazy overvalued" at the time.

Good try, you might have caught some naive investors here :).

Touran

You guys are the saddest traders I have ever seen. If you had followed the news released by HEXO Corp on the transactions you would have seen it was a mix of cash and shares.

The portion of the deal based on shares was also based on the shareprice AT THE TIME OF THE DEAL. Therefore the VALUE of the deals were coined as much higher than what they would be if they took place at the CURRENT shareprice.

Touran actually did a nice summary IMHO, you should be thankful someone is making an effort to identify where you are making your mistakes / assumptions.