Donald P Monaco, a major owner of Next 1 Interactive, Inc. and a director of the company, recently acquired 200,000 shares of the company. The buys took place at $1.50 per share, on April 27, 2016. Monaco now owns 1,272,066 shares of the company. Monaco operates out of Weston, FL. Some additional info was provided as follows:
The reported securities are included within 200,000 shares converted by Monaco Investment Partners II, LP ("MI Partners") whereby warrants previously granted by Monaker Group, Inc., were converted for $1.50 per share. The reporting person is the managing general partner of Monaco Investment Partners II, LP ("MI Partners"). The 1,272,046 shares are indirectly owned by the reporting person as follows: (i) 566,292 shares are beneficially owned by t
he Donald P. Monaco Insurance Trust (the "Trust"), and (ii) 705,754 shares are beneficially owned by MI Partners. The 340,000 derivative securities are owned by the Trust.
The reporting person 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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