Pat Lavecchia, a director of Next 1 Interactive, Inc., recently acquired 2,000 shares of the company. The buys took place at $2.50 per share, on August 23, 2016. Lavecchia now owns 126,100 shares of the company. Lavecchia operates out of Weston, FL. Some additional info was provided as follows:
On August 23, 2016, Pat Lavecchia converted 1,000 shares of Series D Preferred Stock into shares of common stock in connection with a special exchange conversion whereby Series D Preferred Stock shareholders were offered a special conversion rate of $2.50 per share of the Issuer's common stock provided accrued dividends were waived (instead of the stated $12.50 conversion price), into 2,000 shares of common stock at $2.50 per share, valued at $5,000.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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