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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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) CEO (Last) (First) (Middle) 110 E. BROWARD BLVD., 14TH FLOOR 3. Date of Earliest Transaction (Month/Day/Year) 06/10/2008 (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 Common Stock 06/10/2008 06/10/2008 C   40,000,000 A $ 0.01 105,889,952 (1) I See footnote 2 (2)

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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

06/10/2008

06/10/2008

C

$ 200,000

(3)

(3)

Common Stock

20,000,000

$ 0.01

$ 1,050,000

I

See footnote 2 (2)

$250,000 Convertible Promissory Note

$ 0.01

06/10/2008

06/10/2008

C

$ 200,000

(3)

(3)

Common Stock

20,000,000

$ 0.01

$ 850,000

I

See footnote 2 (2)

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	CEO

Signatures

/s/ Michael S. Egan		06/12/2008
**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)	Includes 530,455 shares held directly by the Reporting Person, 3,541,337 shares held by the Reporting Person's wife and 101,828,160 shares held by entities controlled by the Reporting Person.
(2)	The Reporting Person is the sole shareholder of Dancing Bear Investments, Inc. ("Dancing Bear"). Dancing Bear has converted $400,000 of its $125,000,000 Convertible Promissory Notes outstanding at a conversion price of $.01.
(3)	The Convertible Promissory Notes are demand notes and have no expiration date and may be converted at any time prior to payment.

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