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 > I sold first thing this morning

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Comment by jerrytutson Oct 20, 2021 11:00am

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Post# 34026845

RE:RE:I sold first thing this morning

Joe455 wrote:
Keeler wrote: and I'll take my loss, average was $2.65.

The new CEO - although I'm sure he's an intelligent, experienced manager - remains a beer salesman. I wonder if he's ever been in a greenhouse.
3 years at Truss - $12 million annual sales - does not make a cannabis CEO, and Hexo needs a full time manager rto address the multiple issues NOW - not someone who's going to split time between Truss and Hexo for 6 months. Infused beverages simply arent what the morons on this board think.

Peter Montour as I suggested in earlier posts would have made a better interim CEO - and yes, Redecan in effect bought out Hexo - with Hexo investors giving them the cash and postion to be able to do so.
There's an impending financing, and a dismal horrendous year end out in just 10 days or so.
SSL payout of what $30 million? will come from your pockets.

I feel sorry for those trapped in this garbage - it's at elast two years before recovery - if not bankruptcy in 2023.

- break the Zena Langley lease and shut it down
- sell 48N and get whatever you can
- sell the Colorado quonset before you sink $75 million into - you can always buy another quonset for $ 5million - if you havent learned a lesson andpurchased a suitable facility to begin with
- forget California for now, that market is sitting in teh same situation as Canada - and as usual SSL was already too late
- consolidate, organzie and right size the Canadian operations and build from within rather than idiotic cash guzzling acqusitions

Consumers want high potency bud and shatter, not some sort of hybrid beer.