Donald P Monaco, a major owner of Next 1 Interactive, Inc. and a director of the company, recently acquired 240,000 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on January 25, 2016. Monaco now owns 1,072,066 shares of the company. Monaco operates out of Weston, FL. Some additional info was provided as follows:
The reported securities are included within 240,000 Units issued and sold by Monaker Group, Inc. to the Donald P. Monaco Insurance Trust (the "Trust") for $2.50 per Unit. Each Unit consists of one share of common stock and one warrant to purchase one share of common stock. The reporting person is the trustee of the Trust. The 1,072,046 shares of common stock are indirectly
owned by the reporting person as follows: (i) 566,292 shares are beneficially owned by the Trust, and (ii) 505,754 shares are beneficially owned by Monaco Investment Partners II, L.P. The reporting person is the managing general partner of Monaco Investment Partners II, L.P.
The reporting person disclaims beneficial ownership of all shares held by the Trust and Monaco Investment Partners II, L.P 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.
To receive a free e-mail notification whenever Next 1 Interactive, Inc. makes a similar move, sign up!