Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by Johnsayon Oct 14, 2019 12:56pm
310 Views
Post# 30228530

Hexo warrant extension

Hexo warrant extension
Kathy Chow,
 
The crashing Hexo share price has been unprecedented and disastrous for the Hexo warrant shareholders. Come January the warrants will be wiped out. Common shareholders will have a chance to wait out this crash to recover their investments, but not the warrant holders. If it wasn't for the massive over estimate of revenue earnings by the CEO and upper management team, I would not have invested in these warrants. Even up to  this summer the CEO's  guidance assured investors that HEXO remained on-track ramping up to $400 million net revenue in fiscal 2020 and to double net revenue in Q4 fiscal 2019. These future financial estimate news releases have mislead investors to the point of being criminal. I see that Hexo now has one active class action lawsuit and I hope that there are not many to follow.
 
I would ask Hexo management to extent the Hexo warrant expiry date so that we warrant investors may recover in time some of our losses.
Bullboard Posts