SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D/A-1
Under the Securities Exchange Act of 1934
THEGLOBE.COM, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
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(Title of Class of Securities)
88335R101
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(CUSIP Number)
DONALD E. THOMPSON, II, ESQ.
PROSKAUER ROSE LLP
2255 GLADES ROAD, SUITE 340W
BOCA RATON, FLORIDA 33431
(561) 241-7400
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
MAY 22, 2003
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box
|_|
NOTE: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for
other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
SCHEDULE 13D
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CUSIP NO. 88335R101 PAGE 2 OF 16
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NAME OF REPORTING PERSONS Dancing Bear Investments, Inc.
1
S.S. or I.R.S. IDENTIFICATION NO. of ABOVE PERSONS
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS* WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida
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NUMBER OF 7 SOLE VOTING POWER -0-
SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 11,760,010(1)
OWNED BY --------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER -0-
REPORTING --------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER 11,760,010(1)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,760,010(1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 32.1%
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14 TYPE OF REPORTING PERSON* CO
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(1) Represents (i) 5,523,588 shares of common stock of the Issuer and (ii)
warrants to acquire 6,236,422 shares of common stock, subject to certain
anti-dilutive adjustment mechanisms.
SCHEDULE 13D
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CUSIP NO. 88335R101 PAGE 3 OF 16
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NAME OF REPORTING PERSONS E&C Capital Partners, LLLP
1
S.S. or I.R.S. IDENTIFICATION NO. of ABOVE PERSONS
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS* WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida
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NUMBER OF 7 SOLE VOTING POWER -0-
SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 33,333,316(1)
OWNED BY --------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER -0-
REPORTING --------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER 33,333,316(1)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,333,316(1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 52.3%
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14 TYPE OF REPORTING PERSON* PN
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(1) Represents (i) 333,333 shares of Series F Convertible Preferred Stock of the
Issuer, which is convertible at any time into 16,666,650 shares of common stock,
subject to certain anti-dilutive adjustment mechanisms, (ii) warrants to acquire
7,222,222 shares of common stock, subject to certain anti-dilutive adjustment
mechanisms, and (iii) a $750,000 Convertible Note, which is convertible at any
time into approximately 9,444,444 shares of common stock, subject to certain
anti-dilutive adjustment mechanisms.
SCHEDULE 13D
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CUSIP NO. 88335R101 PAGE 4 OF 16
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NAME OF REPORTING PERSONS The Michael S. Egan Grantor
Retained Annuity Trust F/B/O
Sarah Egan Mooney, Michael
S. Egan, Trustee
1
S.S. or I.R.S. IDENTIFICATION NO. of ABOVE PERSONS
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS* PC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
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NUMBER OF 7 SOLE VOTING POWER -0-
SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 2,007,000(1)
OWNED BY --------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER -0-
REPORTING --------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER 2,007,000(1)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,007,000(1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 6.2%
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14 TYPE OF REPORTING PERSON* 00
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(1) Includes a $200,000 Convertible Note, convertible at anytime into 2,000,000
shares of common stock, subject to certain anti-dilution adjustment mechanisms.
SCHEDULE 13D
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CUSIP NO. 88335R101 PAGE 5 OF 16
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NAME OF REPORTING PERSONS The Michael S. Egan Grantor
Retained Annuity Trust F/B/O
Riley Martin Michael Egan,
Michael S. Egan, Trustee
1
S.S. or I.R.S. IDENTIFICATION NO. of ABOVE PERSONS
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS* PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
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NUMBER OF 7 SOLE VOTING POWER -0-
SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 2,014,000(1)
OWNED BY --------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER -0-
REPORTING --------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER 2,014,000(1)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,014,000(1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 6.2%
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14 TYPE OF REPORTING PERSON* 00
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(1) Includes a $200,000 Convertible Note, convertible at anytime into 2,000,000
shares of common stock, subject to certain anti-dilution adjustment mechanisms.
SCHEDULE 13D
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CUSIP NO. 88335R101 PAGE 6 OF 16
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NAME OF REPORTING PERSONS The Michael S. Egan Grantor
Retained Annuity Trust F/B/O
Eliza Shenners Egan,
Michael S. Egan, Trustee
1
S.S. or I.R.S. IDENTIFICATION NO. of ABOVE PERSONS
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS* PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
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NUMBER OF 7 SOLE VOTING POWER -0-
SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 2,007,000(1)
OWNED BY --------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER -0-
REPORTING --------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER 2,007,000(1)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,007,000(1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 6.2%
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14 TYPE OF REPORTING PERSON* 00
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(1) Includes a $200,000 Convertible Note, convertible at anytime into 2,000,000
shares of common stock, subject to certain anti-dilution adjustment mechanisms.
SCHEDULE 13D
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CUSIP NO. 88335R101 PAGE 7 OF 16
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NAME OF REPORTING PERSONS The Michael S. Egan Grantor
Retained Annuity Trust F/B/O
Catherine Lewis Egan,
Michael S. Egan, Trustee
1
S.S. or I.R.S. IDENTIFICATION NO. of ABOVE PERSONS
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS* PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
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NUMBER OF 7 SOLE VOTING POWER -0-
SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 2,014,000(1)
OWNED BY --------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER -0-
REPORTING --------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER 2,014,000(1)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,014,000(1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 6.2%
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14 TYPE OF REPORTING PERSON* 00
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(1) Includes a $200,000 Convertible Note, convertible at anytime into 2,000,000
shares of common stock, subject to certain anti-dilution adjustment mechanisms.
SCHEDULE 13D
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CUSIP NO. 88335R101 PAGE 8 OF 16
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NAME OF REPORTING PERSONS The Michael S. Egan Grantor
Retained Annuity Trust F/B/O
Teague Michael Thomas Egan,
Michael S. Egan, Trustee
1
S.S. or I.R.S. IDENTIFICATION NO. of ABOVE PERSONS
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS* PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
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NUMBER OF 7 SOLE VOTING POWER -0-
SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 2,014,000(1)
OWNED BY --------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER -0-
REPORTING --------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER 2,014,000(1)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,014,000(1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 6.2%
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14 TYPE OF REPORTING PERSON* 00
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(1) Includes a $200,000 Convertible Note, convertible at anytime into 2,000,000
shares of common stock, subject to certain anti-dilution adjustment mechanisms.
SCHEDULE 13D
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CUSIP NO. 88335R101 PAGE 9 OF 16
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NAME OF REPORTING PERSONS Michael S. Egan
1
S.S. or I.R.S. IDENTIFICATION NO. of ABOVE PERSONS
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS* PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
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NUMBER OF 7 SOLE VOTING POWER 4,546,811(1)
SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 55,149,326(2)
OWNED BY --------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 4,546,811(1)
REPORTING --------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER 55,149,326(2)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
55,696,137(3)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 71.2%
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14 TYPE OF REPORTING PERSON* IN
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(1)(2)(3) Please see the next page
SCHEDULE 13D
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CUSIP NO. 88335R101 PAGE 10 OF 16
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(1) Represents (i) 3,835,356 shares issuable upon the exercise of certain
options which are either now exercisable or exercisable within the next 60 days
by Mr. Egan individually, (ii) 697,455 shares of common stock owned directly by
Mr. Egan, and (iii) 14,000 shares owned by Mr. Egan's spouse, of which Mr. Egan
disclaims beneficial ownership.
(2) Represents (i) 5,523,588 shares of common stock owned by Dancing Bear
Investments, Inc., (ii) warrants to acquire 6,236,422 shares of common stock,
subject to certain anti-dilution adjustment mechanisms, owned by Dancing Bear
Investments, Inc., (iii) 333,333 shares of Series F Convertible Preferred Stock,
which is convertible at any time into approximately 16,666,650 shares of common
stock, subject to certain anti-dilution adjustment mechanisms, owned by E&C
Capital Partners, LLLP, (iv) warrants to acquire 7,222,222 shares of common
stock, subject to certain anti-dilution adjustment mechanisms, owned by E&C
Capital Partners, LLLP, (v) a $750,000 Convertible Note, which is convertible at
any time into 9,444,444 shares of common stock, subject to certain anti-dilutive
adjustment mechanisms, (vi) an aggregate of $1,000,000 in Convertible Notes,
which are convertible at any time into 10,000,000 shares of common stock,
subject to certain anti-dilutive adjustment mechanisms, which are owned by
certain trusts of which Mr. Egan is the trustee, and (vii) 56,000 shares of the
common stock owned by certain trusts of which Mr. Egan is the trustee.
(3) Represents the sum of the items enumerated in footnotes (1) and (2) above.
PAGE 11 OF 16
ITEM 1. SECURITY AND ISSUER
This Schedule 13D ("Schedule 13D") relates to common stock, par value
$.001 ("Common Stock"), of theglobe.com, inc., a Delaware corporation (the
"Issuer" or the "Company"). The principal executive offices of the Issuer are
located at 110 East Broward Blvd., Suite 1400, Fort Lauderdale, Florida 33301.
ITEM 2. IDENTITY AND BACKGROUND
(a)-(c) This Schedule 13D is filed on a joint basis pursuant to Rule 13d-1(k) by
Dancing Bear Investments, Inc., a Florida corporation ("DBI"), E&C Capital
Partners, LLLP, a Florida limited liability limited partnership ("E&C"), The
Michael S. Egan Grantor Retained Annuity Trust F/B/O of each of Sarah Egan
Mooney, Eliza Shenners Egan, Catherine Lewis Egan, Teague Michael Thomas Egan
and Riley Martin Michael Egan (each a "Trust" and collectively, the "Trusts"),
and Michael S. Egan ("Mr. Egan" and collectively with DBI, E&C and the Trusts,
the "Reporting Person"). The address of each of the Reporting Persons is 110
East Broward Boulevard, 14th Floor, Fort Lauderdale, Florida 33301. Mr. Egan is
the Chairman and Chief Executive Officer of the Issuer and a private investor.
Mr. Egan has a controlling interest in both DBI and E&C and is the trustee of
each of the Trusts.
(d)-(e) During the last five years, neither DBI, E&C, the Trusts nor Mr. Egan
has been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors), or been a party to a civil proceeding of a judicial or
administrative body of competent decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
(f) Mr. Egan is a citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
This Amendment amends the original Schedule 13D dated March 28, 2003 filed by
DBI, E&C and Mr. Egan. This Amendment includes an additional 1,000,000 options
granted to Mr. Egan on May 21, 2003 and gives effect to the closing of an
investment into the Convertible Notes and warrants of the Issuer by E&C and the
Trusts on May 22, 2003 (the "Convertible Note Investment"). E&C used working
capital provided by Mr. Egan as a controlling owner to make the Convertible Note
Investment. The Trusts used other funds of the Trusts to make their respective
investments in the Convertible Notes.
ITEM 4. PURPOSE OF TRANSACTION
The Convertible Note Investment was completed for investment purposes.
The Reporting Persons are not aware of any plans or proposals which the
Reporting Persons may have which relate to or would result in:
PAGE 12 OF 16
(a) the acquisition by any person of additional securities of the Issuer or the
disposition of securities of the Issuer.
(b) an extraordinary corporate transaction, such as a merger, reorganization or
liquidation, involving the Issuer or any of its subsidiaries.
(c) a sale or transfer of a material amount of assets of the Issuer or of any of
its subsidiaries.
(d) any other material change in the Issuer's business or corporate structure.
(e) any material change in the present capitalization or dividend policy of the
Issuer other than as described herein.
(f) any other material changes in the Issuer's business or corporate structure.
(g) any changes in the Issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition or control of the
Issuer by any person.
(h) the securities of the Issuer to be delisted from a national securities
exchange or to cease to be authorized or to be quoted in an inter-dealer
quotation system of a registered national securities association.
(i) in a class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act.
(j) any action similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) (b) The amounts and percentages of Common Stock set forth in this Item 5 are
based on (i) the shares beneficially owned by DBI, E&C, the Trusts and Mr. Egan,
as set forth in Item 3 and (ii) 30,382,293 shares of Common Stock outstanding as
of May 13, 2003.
Amount beneficially owned:
11,760,010 with respect to DBI
33,333,316 with respect to E&C
2,007,000 with respect to each of the Trusts f/b/o Sarah Egan
Mooney and Eliza Shenners Egan
2,014,000 with respect to each of the Trusts f/b/o Riley
Martin Michael Egan, Catherine Lewis Egan, and Teague Michael
Thomas Egan
59,696,137 with respect to Mr. Egan
Percent of class:
32.1% with respect to DBI
52.3% with respect to E&C
6.2% with respect to each Trust
71.2% with respect to Mr. Egan
PAGE 13 OF 16
Number of shares as to which the person has:
sole power to vote or to direct the vote:
-0- with respect to DBI
-0- with respect to E&C
-0- with respect to each Trust
4,546,811 with respect to Mr. Egan
shared power to vote or to direct the vote:
11,760,010 with respect to DBI
33,333,316 with respect to E&C
2,007,000 with respect to each of the Trusts
f/b/o Sarah Egan Mooney and Eliza Shenners
Egan 2,014,000 with respect to each of the
Trusts f/b/o Riley Martin Michael Egan,
Catherine Lewis Egan, and Teague Michael
Thomas Egan
55,149,326 with respect to Mr. Egan
sole power to dispose or to direct the disposition of:
-0- with respect to DBI
-0- with respect to E&C
-0- with respect to each Trust
4,546,811 with respect to Mr. Egan
shared power to dispose or to direct the disposition of:
11,760,010 with respect to DBI
33,333,316 with respect to E&C
2,007,000 with respect to each of the Trusts
f/b/o Sarah Egan Mooney and Eliza Shenners
Egan 2,014,000 with respect to each of the
Trusts f/b/o Riley Martin Michael Egan,
Catherine Lewis Egan, and Teague Michael
Thomas Egan
55,149,326 with respect to Mr. Egan
(c) On May 22, 2003, E&C and the Trusts entered into a Note Purchase Agreement
with the Issuer pursuant to which they acquired convertible promissory notes
(the "Convertible Notes") in the aggregate principal amount of $1,750,000. The
Convertible Notes are convertible at anytime into shares of the Issuer's common
stock at a blended rate of $.09 per share (the Convertible Notes held by E&C
convert at approximately $.0794 per share and the Convertible Notes held by the
PAGE 14 OF 16
Trusts convert at $.10 per share), which if fully converted, would result in the
issuance of approximately 19,444,444 shares. The Convertible Notes have a one
year maturity date, which may be extended at the option of the holder of the
Note for periods aggregating two years. In addition, E&C was issued a warrant to
acquire 3,888,889 shares of theglobe.com common stock at an exercise price of
$.15 per share. The warrant is exercisable at any time on or before May 22,
2013. E&C is entitled to certain demand and piggy-back registration rights in
connection with its investment. As a result of the issuance of the Convertible
Notes and warrants at the foregoing conversion and exercise prices certain
anti-dilutive adjustments were triggered on certain previously issued warrants
of the Issuer, including a warrant held by DBI. The resulting revised number of
shares of common stock issuable upon the exercise of the warrant held by DBI
(previously 4,831,826 shares at an exercise price of $.96 per share and now
6,236,422 shares at an exercise price of $.68 per share) is included in DBI's
beneficial ownership being reported on this Amendment. On May 21, 2003, Mr. Egan
was granted options to acquired 1,000,000 shares of the Common Stock in his
capacity as Chairman and Chief Executive Officer of the Issuer. In addition, on
May 2, 2003, Mr. Egan acquired 30,788 shares of the Issuer's common stock in a
private transaction with a third party in settlement of a dispute.
(d) None
(e) Not applicable
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Other than as set forth in items 4 and 5 above, none of the Reporting Persons is
a party to any contracts, arrangements, understandings or relationships of the
nature described by item 6 nor are any of the securities pledged or otherwise
subject to a contingency the occurrence of which would give another person
voting power or investment power over such securities.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
1. Form of Warrant dated May 22, 2003 to acquire shares of Common Stock.
2. Note Purchase Agreement dated May 22, 2003 between theglobe.com, inc.
and E&C Capital Partners, LLLP and the Trusts. (1)
3. Form of Convertible Promissory Note dated May 22, 2003.
4. Joint Filing Agreement dated June 1, 2003
PAGE 15 OF 16
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Schedule 13D is true, complete
and correct.
/s/ Michael S. Egan
--------------------------------------------
Michael S. Egan
Dancing Bear Investments, Inc.
By: /s/ Michael S. Egan
-----------------------------------------
Michael S. Egan
Title: Chairman and President
E & C Capital Partners, LLLP
By: E & C Capital Ventures, Inc.
By: /s/ Edward A. Cespedes
-----------------------------------------
Print Name: Edward A. Cespedes
----------------------------------
Title: President
--------------------------------------
The Michael S. Egan Grantor Retained
Annuity Trust F/B/O Sarah Egan Mooney
By: /s/ Michael S. Egan
-----------------------------------------
Michael S. Egan, Trustee
The Michael S. Egan Grantor Retained
Annuity Trust F/B/O Riley Martin Michael Egan
By: /s/ Michael S. Egan
-----------------------------------------
Michael S. Egan, Trustee
PAGE 16 OF 16
The Michael S. Egan Grantor Retained
Annuity Trust F/B/O Eliza Shenners Egan
By: /s/ Michael S. Egan
-----------------------------------------
Michael S. Egan, Trustee
The Michael S. Egan Grantor Retained
Annuity Trust F/B/O Catherine Lewis Egan
By: /s/ Michael S. Egan
-----------------------------------------
Michael S. Egan, Trustee
The Michael S. Egan Grantor Retained Annuity
Trust F/B/O Teague Michael Thomas Egan
By: /s/ Michael S. Egan
-----------------------------------------
Michael S. Egan, Trustee