Monaker Group Inc fka MKGI (MKGI)

[StockLearner2011]

Next 1 is currently authorized to issue 500,000,000 shares of its common stock of which 23,583,347 shares are currently issued and outstanding and 100,000,000 shares of preferred stock are authorized of which (i) 3,000,000 are designated as Series A preferred stock and 1,884,611 shares of Series A preferred stock are outstanding, 3,000,000 are designated Series B preferred stock and 242,200 shares of Series B preferred stock are outstanding, 3,000,000 shares of Series C preferred stock and 209,600 shares of Series C preferred stock outstanding and 3,000,000 shares of Series D preferred stock and 872,800 shares of Series D preferred stock outstanding. The outstanding shares of Next 1 Series A preferred stock are entitled to vote along with the common stockholders on a one vote per share basis and will continue after the Stock Split to have one vote per each share of Series A preferred stock outstanding, thus resulting in a slight increase in the voting power of the Series A preferred stock after the Stock Split. The Series B, C and D preferred stock are non-voting.