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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. 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’s investment policies provide that the Fund 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 (except that the interest may be includable in taxable income for purposes of the federal alternative minimum tax). Its investment adviser is BlackRock Advisors, LLC.


NYSE:BFK - Post by User

Comment by Keeleron Oct 25, 2021 7:53am
163 Views
Post# 34043794

RE:hexo back on track

RE:hexo back on track
vulcan123456789 - (10/25/2021 5:17:41 AM)
hexo back on track

this bankruptcy garbage ..throwing the word around to create fear ..is basher short tactics... if anything the recent changes in management show we are back on track... the purpose of that was to achieve profits and protect shareholders equity.. a good thing and in fact one of the things bashers used against us.. we are in good hands and i dont exspect further dilution or share reverse split.. .. the last capital raise was one of the reasons for management changes so why would they again dilute.. more badher trash.. jmho cheers
 
You just don't have a clue, do you.
SSL is gone, yes - that IS a positive and was a step required before any sort of recovery could happen, but to suggest all a company has to do is change CEOs and all the problems disappeared is just typical pumptard silliness. 
The reason bankruptcy is thrown around is because that's exactly what Hexo will be in 2023 when the debt comes due. New CEO or old, that doesn't change.
So - Hexo has about a year to make the turn around and it seems questionable if Redecan's $3 million profit a quarter can overcome Hexo's $20 million loss per quarter. Both Zena and Hexo are cash burning cows (sorry moomoo).
As for financing, regardless of your pumptard ignoring of reality - this isn't a question for the Board to decide yes or no - it'll be a necessity regardless of whether or not they want to  because Hexo will be out of cash otherwise. No profit, no free cash flow.

 



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