Major owner of Next 1 Interactive, Inc. just picked up 280,000 shares

Donald P Monaco, a major owner of Next 1 Interactive, Inc. and a director of the company, recently acquired 280,000 shares of the company. The buys took place at $1.50 per share, on October 26, 2016. Monaco now owns 1,612,066 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, 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 Monaco Investment Partners II, LP ("MI Partners") in excess of his pecuniary interest, if any, and this report shall not be deemed an admission that he i s 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. Securities are beneficially owned by MI Partners. Mr. Monaco is the managing general partner of MI Partners. As such, Mr. Monaco is deemed to beneficially own the securities held by the MI Partners.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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