Major owner of Next 1 Interactive, Inc. just picked up 1,588,770 shares

Mark A Wilton, a major owner of Next 1 Interactive, Inc., recently acquired 1,588,770 shares of the company. The buys took place at prices ranging from $0.87 to $6.20 per share, on dates ranging from May 15 to November 10, 2016. Wilton now owns 1,588,818 shares of the company. Wilton operates out of Fort Lauderdale, FL. Some additional info was provided as follows:

On May 15, 2015, the Reporting Person converted $3,844,000 owed under a convertible promissory note into 620,000 shares of common stock of the Issuer and was granted warrants to purchase 30,000 shares of common stock as additional consideration for agreeing to such conversion. On November 9, 2015, the Reporting Person converted 30,000 shares of Series B Convertible Preferred Stock of the Issuer into 60,000 shares of common stock. On February 26, 2016, the Reporting Person converted $1,500,000 owed under a convertible promissory note into 750,000 shares of common stock of the Issuer. On November 10, 2015, the Reporting Person purchased 20,000 shares of common stock and was granted warrants to purchase 20,000 shares of common stock as additional consideration for agreeing to such purchase. On May 15, 2015, the Reporting Person purchased 15,000 shares of Series B Preferred at $5.00 per share. Not applicable. March 17, 2016, the Reporting Person purchased 24,000 shares of common stock and was granted warrants to purchase 48,000 shares of common stock as additional consideration for agreeing to such purchase. On November 11, 2016, the Reporting Person purchased 114,770 shares of common stock at $0.87 per share. Expired as of the date of this report.

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

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