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Huntwicke Capital Group Inc.  (MIFC)
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Price: $0.0000 $0.00 %
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 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 2
 Employees 1
 Revenues (TTM) (Millions $) 0
 Net Income (TTM) (Millions $) -0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Huntwicke Capital Group Inc.
Magnolia Lane Income Fund was incorporated in the state of Delaware on May 12, 2009. We were formed to commence business as a stock agent in the wool trade.

On May 13, 2013, we entered into a stock purchase agreement (the “Stock Purchase Agreement”) with Ian Raleigh and Michael Raleigh (the “Sellers”) and Magnolia Lane Financial, Inc. (the “Purchaser”), whereby the Purchaser purchased from the Sellers, 10,000,000 shares of common stock, par value $0.0001 per share, of the Company (the “Shares”), representing approximately 69.57% of the issued and outstanding shares of the Company. As a result, the Purchaser became the majority shareholder of the Company.

In connection with the Stock Purchase Agreement, we have ceased pursuing our prior business plan and have begun focusing on our new business which is to manage and invest in real property. Our current Chief Executive Officer and sole director, Brian Woodland, has numerous years in the real estate acquisition, syndication and asset management business. We intend to acquire real estate in small markets with high degrees of safety to provide income streams to our shareholders. In addition, we will develop, syndicate, manage and acquire property for capital appreciation.

In connection with this change of control and change of business, we have conducted a name change and reverse stock split. On August 1, 2013, we filed a Certificate of Amendment to our Articles of Incorporation (the “Amendment”) to change its name from “Palmerston Stock Agency, Inc.” to “Magnolia Lane Income Fund” (the “Name Change”) and to memorialize a 1:8 reverse stock split (the “Stock Split”). The Amendment was effective as of August 1, 2013.

MIFC is expected to report next financial results on June 24, 2019.

Huntwicke Capital Group's Segments

First Financial Corp

First Financial Corp announced forth quarter operating surplus of $11.973 millions

For the forth quarter eps growth outpaced revenue increase, where eps advanced by 26.74 % at $0.91 per share, Revenues advanced by 4.45 % to $36.00 millions from the same quarter a year ago.

Cincinnati Bell Inc.

Cincinnati Bell Inc announced forth quarter operating surplus of $24.4 millions

In the forth quarter Cincinnati Bell Inc increased losses of $-0.63 per share compare to $-0.45 a year ago and increased losses from $-0.41 per share from the previous quarter.

Sales declined by -6.58 % to $399.00 millions from $427.10 millions in the same quarter a year ago and sequentially Sales increased by 3.18 % from $386.70 millions.

Penns Woods Bancorp Inc

EPS Growth Accelerates Sharply

Penns Woods Bancorp Inc posted very strong earnings results in the forth quarter, where earnings per share soared by 483.85 % at $0.89 per share, Revenues grew modestly by 3.12 % to $14.37 millions from the same quarter a year ago.

Arrow Financial Corporation

Arrow Financial Corporation announced forth quarter operating surplus of $10.929 millions

Revenue for the forth quarter increased by 7.34 % to $27.81 millions in comparison to $25.91 millions in the prior year quarter, earnings grew modestly by 4.68 % to $0.57 per share, as comparison at $0.54 in the prior year quarter.

Investors Title Co

Investors Title Co announced forth quarter operating profit of $20.461 millions

Sales contraction of -20.44 % caused drop in earnings by -98.6 % for the forth quarter. Company posted results of $32.29 millions in Sales this compares to $40.58 millions a year ago and eps of $0.07 per share compare to 5.08 in previous year.

Customers Net Income fell by MIFC's customers Net margin fell to 0 %
-20.13 % 6.54 %
• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers

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