Major owner of Next 1 Interactive, Inc. just picked up 60,000 shares

Donald P Monaco, a major owner of Next 1 Interactive, Inc. and a director of the company, recently acquired 60,000 shares of the company. The buys took place at $1.50 per share, on May 31, 2016. Monaco now owns 1,332,066 shares of the company. Monaco operates out of Weston, FL. Some additional info was provided as follows:

The securities are beneficially owned by Donald P. Monaco Insurance Trust ("Trust"). Donald P. Monaco, the "Reporting Person", is the trustee of the Trust. The 1,332,046 shares are indirectly owned by the Reporting Person as follows: (i) 626,292 shares are beneficially owned by the Trust, and (ii) 705,754 shares are beneficially owned by Monaco Investment Partners II, LP ("MI Partners"). The 280,000 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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