Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
EGAN MICHAEL S
   2. Issuer Name and Ticker or Trading Symbol
THEGLOBE COM INC [TGLO.OB] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last)
(First)
(Middle)
110 E. BROWARD BLVD., 14TH FLOOR		 3. Date of Earliest Transaction (Month/Day/Year)
05/29/2007
(Street)

FORT LAUDERDALE, FL 33301		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
$250,000 Convertible Promissory Note $ 0.01 05/29/2007 05/29/2007 P   25,000,000   05/29/2007   (3) Common Stock 25,000,000 $ 0.01 25,000,000 I By Dancing Bear Investments, Inc. ("DBI")
$2,750,000 Convertible Note Options (1) $ 0.01 05/29/2007 05/29/2007 P   275,000,000   05/29/2007   (2) Common Stock 275,000,000 $ 0.01 275,000,000 I By DBI

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
EGAN MICHAEL S
110 E. BROWARD BLVD.
14TH FLOOR
FORT LAUDERDALE, FL 33301		   X   X   Chief Executive Officer  

Signatures

 /s/ Michael S. Egan   05/31/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Consisits of an option to acquire an additional $2,750,000 of Convertible Notes on the same terms as the $250,000 convertible note.
(2) The option to acquire additional convertible notes expires November 25, 2007. The Convertible Notes may be converted at any time prior to payment.
(3) The Convertible Notes are demand notes and have no expiration date and may be converted at any time prior to payment. Includes an aggregate of 80,380,081 shares into which the Notes, if fully exercised and convertible, could not be so converted until such time as the Issuer files a Certificate of Amendment with the Delaware Secretary of State increasing the number of its authorized common stock.

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