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 > No mercy here for Short Sellers

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Comment by Jefe127on Oct 15, 2020 12:39pm

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Post# 31721675

RE:RE:RE:RE:No mercy here for Short Sellers

quinlash wrote: Any other HEXO longs out there that are sick and tired of the mis-information / fake news etc being posted on the forums who are will to stand up and stop posting shares for sale, at least until the 2020 Q4 report comes out ?

I'm done with these jokers. they need anywhere from 10 to 20 million shares to cover out of their positions and their breaking point is likely right around the 200 day moving average. NYSE posted a day high of $1.12 CDN when the TSX was closed.

Think about it. these guys are running a NAKED SHORT on the TSX and ARE COMMITED TO BUY to get out of a NAKED SHORT. Level 2 shows nothing near 10 million (on the low side, maybe 20 mil) the $1.12 mark is NOTHING compared to the squeeze these guys are facing.

GLTA (honest investors)

Q

Jefe127 wrote:

Touran77 wrote:

quinlash wrote: I was thinking of posting a handful shares for sale at an all time high just so that they had a place to hang themselves from but not now. Do what you want, buy / sell / hold, that's up to you, I'm long on HEXO, I believe the company is doing all the right things and the market needs a shot to the head to have that clearly pointed out. I believe the company has a chance of seeing that in the upcoming QTR report where they have their first real chance of posting EBITDA positive.

The CEO indicated in the call transcript that they were forcasting EBTIDA postive either by the end of 2020 or Jan 2021 (1st half of their fiscal 2021 reporting year). The forecast was based on the existing number of stores so, even without new stores opening, the CEO is optimistic they will cross the EBITDA line soon. There have been new stores opening.. the odds are in the Company's favor IMHO

The short sellers, especially those spreading false and misleading information on Forums can kiss my old man A - - and find some else's shares to cover out on.

GLTA

Q

agreed

agree 100%