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 > Future could come QUICK ?

<< Previous

Bullboard Posts

Next >>

Comment by INVINCEon May 23, 2020 5:20pm

161 Views

Post# 31065254

RE:RE:RE:Future could come QUICK ?

Mr. Wilgar added finishing touches prepping it up to find another buyer because im assuming who new his business wasn't going nowhere, Newstrike feelings towards the end keeping it to themselfs there expectations of the company dissipated. We assume all the members plus the band etc wanted out. Rake in the cash thats what its all about. Find a buyer and dump the facility including everything else. 2 things accomplished sold the business and dumped the shareholders and passed it on. Sebastien and Adam's determination along with courage thought the this Newstrike Brands Deal would make their company a bigger success only realizing after all that determination, bad luck approaches not only for their own company many other Cannabis sectors also and we all know "WHO" caused it was C____D
Bad timing. Just BAD LUCK sometimes it justs pops out of nowhere. You just continue and never look back

quinlash wrote: HEXO has, in the last month or so, raised 100 Mil in working capitial. Their last QTR report beat expectations. They noted earlier that they may be selling off the greenhouse aquired through the NewStrike Deal. Working capitial on hand, and what could be made available through the sale of the greenhouse, in all likelihood sustain them for the rest of 2020 (assuming they can sell the greenhouse for over $50 Million minimum).

Molson-Coors, the 2nd largest brewer in North America, already formed one JV with them to produce drinks for the Canadian Market, now recently, Molson formed a 2nd JV to rollout drinks into the United States.

Cannacord has shown a MASSIVE vote of confidence in the company by electing to buy $58 Million in Shares from the company at .90 when they could have very well provided a straight up load and charged interest. Rather than this they elected to buy shares at .90 when they were trading on the open market in the .70's.

Based on my own personal view of their current cash position, burn rate and my own projections for upcoming sales numbers. I have absolutely ZERO concern of the company's cash flow and ability to continue to operate in 2020. The success of the infused drinks and ediblies is yet to be seen however, if successful, the company will an early entry into a multi-billion dollar market.

If you enjoy daytrading then go for it; a day-trader hitting the stock on Monday with $5,000 or $10,000 from low to high could have made between $1,888 and $3774 with a gain of 38% on the week. Not too shabby.

Momentum on the stock was upward and strong on Friday. After hours trading was very heavy and the shareprice at close was sustained into after hours.

Investors need to do their own research, determine their own view of where the Cannabis market may go and how well HEXO would fair within the market. Investors also need to determine their own investment strategy, risk tolerance, timelines and targets (either shareprice of percentage return).

Q

Davidtepperss62 wrote: HEXO is still an aggressive Day Trader title. There is no long term here you buy low during the day and then you sell high during the day. Everyone takes their profit every day. The cannabis sector is far too unstable and very speculative with aggressive Day Traders. Not everyone has this type of company that can go bankrupt at any time.