Monaker Group Inc fka MKGI (MKGI)

[Be-Realistic]

During the year ended February 28, 2013, the Company made a total of $20,000 in principal payments leaving a balance due of $30,000 at February 28, 2013. On July 15, 2013, the Company received $90,000 from the same related-party investor and converted the remaining balance of $30,000 into a new convertible promissory note valued at $120,000. The new note bears interest at 12% per annum until the maturity date of December 15, 2013 of which the annual interest rate is 18% per annum. Until such time of repayment of principal and interest, the holder of the new note may convert, in whole or part, into Series A or Series B Preferred stock. As of February 28, 2014, the principal balance due is $50,000 with unpaid accrued interest balance of $5,552. Interest expense recognized for the years ended February 28, 2014 and 2013, is $5,552 and $1,500, respectively. On December 24, 2013 the due date of the note was extended until February 28, 2014.


Does Anybody have an idea of who this "same related-party investor " is??