Donald P Monaco, a major owner of Next 1 Interactive, Inc. and a director of the company, recently acquired 100,000 shares of the company. The buys took place at $2.00 per share, on February 28, 2017. Monaco now owns 1,712,066 shares of the company. Monaco operates out of Weston, FL. Some additional info was provided as follows:
On February 28, 2017, Monaco Investment Partners II, LP ("MI Partners"), purchased 100,000 units, each consisting of one share of common stock and one warrant to purchase one share of common stock, with an exercise price of $2.00 per share, from the Registrant in a private transaction, for an aggregate of $200,000.
The securities are beneficially owned by MI Partners. Mr. Monaco is the managing general partner of MI Partners. As such, Mr. Mon
aco is deemed to beneficially own the securities held by the MI Partners.
The securities are beneficially owned by Donald P. Monaco Insurance Trust ("Trust"). Donald P. Monaco, is the trustee of the Trust. As such, Mr. Monaco is deemed to beneficially own the securities held by the Trust.
Mr. Monaco disclaims beneficial ownership of all shares held by the Trust and MI Partners in excess of his pecuniary interest, if any, and this report shall not be deemed an admission that he is the beneficial owner of, or has pecuniary interest in, any such excess shares for the purposes of Section 16 of the Exchange Act or for any other purpose.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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