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 > Queentard don't know nothing about nothing

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Post by Keeleron Dec 15, 2021 7:05am

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Post# 34231799

Queentard don't know nothing about nothing

So I ask you to list 3 examples of non diluting options that you said Cooper and Trent McDuck were considering and THAT's what you have?

1. Sale of Assets - a standard indicator of a desperate near bankrupt organization, sell stuff

Given there is ZERO market for vacant greenhouses, even less so for a <1 acre building in Kirkland Lake, exactly how much would Hexo get for 3 greenhouses (which have been scheduled to be closed - not put up for sale). $20 million TOTAL?
Hardly enough.

Given that all Hexo's assets have been used as collateral for previous financings - the cash raised would go directly to the lender, not into Hexo's bank account to be used to support "expansion in the US, Poland and Germany" (insert hahahahaha here)

2. Investor Bank Financing

Banks seldom lend anyone in the cannabis sector money. BMO, one of the few banks that did, got out of it quickly with all the failures and demanded early repayment from Hexo of a $30 million loan (that Hexo paid via a public offering and share dilution)

Regardless - as stated above - all Hexo's assets have already been used as collateral - there is nothing they have to offer any financial investment bank to support a 'loan' of any material size.

5. "One you haven't found yet"

Seriously?
Oh, well I'll let you know when I do

quinlash - (12/14/2021 7:31:26 PM)
RE:RE:RE:RE:RE:HEXO Call Transcript - 2022 Q1 (Today, Dec 14, 2021)

The sale of the three greenhouses... 1 ... 2.. 3..
Investor Bank Financing ... 4
One you haven't found yet... 5

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