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 > Keeler gets it right and is highlighted in Gangsterism out!

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Comment by VeritasVernon Jan 19, 2022 3:55pm

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Post# 34334527

RE:Keeler gets it right and is highlighted in Gangsterism out!

Interesting post from the link gangsterismout is a beauty:

The fully secured note was of much angst for HEXO's auditor who said as much. Red flags in securities get no brighter nor higher. Among the provisions of that unreadable note document was the deferral of a huge loss related to 'timing differences' and other 'non observable inputs'. Poster 'Keeler' on Stockhouse points out the elephant in the room ... "So, who exactly paid off the $116 million short term loan? The below is from the Redecan Balance Sheet - as released by Hexo. It shows a debt of $116 million under current liabilities - Note 6. Note 6 says the money is owed to 2516575 Ontario Inc. - which is majority owned by (Peter James) Montour."
A crude conversion of $96.2m US into CDN at the rate in May (1.2) gives us a total of $115m and change, the precise amount owed by Redecan to Montour. The REASON the Redecan buy was 4X to 5X too expensive becomes obvious. The repayment of Montour's debt was made by current HEXO stakeholders from note proceeds. There is no operating loss, yet this offense is deferring and amortizating one. This enterprise is lying about timing differences and non observable inputs. The 'Day 1 loss' paid off Montour's loan to Redecan and why should current HEXO stakeholders be eating a huge loss on that?

HEXOfraud wrote: NOBODY on this earth could make this Co EBITDA positive, not even God himself could pull off a miracle that large.

This new information is critical bad. A broken covenent means this paper needs to be unloaded right now, as in instantly. This ridiculously looted co belongs to the creditor in less than 2 weeks.

https://www.gangsterismout.com/