TheGlobe.com Inc (TGLO)

[nonewname1]

They bought 312 mil shares for 25k from what I see here,

In connection with the Closing, a change in control of the Company will be effected. As discussed above, pursuant to the Purchase Agreement, the Purchaser has agreed to purchase 312,825,952 shares of Common Stock from the Sellers, which include Michael S. Egan, Mr. Egan’s spouse, S. Jacqueline Egan, various grantor retained annuity trusts for the benefit of Mr. Egan’s children (the “ GRATs ”), and Dancing Bear Investments, Inc. (“ Dancing Bear ”), E&C Capital Partners, LLLP (“ E&C ”), E&C Capital Partners II, LLLP (“ E&C II ”), and The Registry Management Company, LLC (“ Registry Management ”), each of which is controlled, directly or indirectly, by Mr. Egan. The purchase price for the Purchased Shares is $25,000, and the Purchaser expects to use working capital to fund the purchase price. The Purchased Shares represent approximately 70.9% of the issued and outstanding shares of Common Stock of the Company. Accordingly, following the purchase and sale of the Purchased Shares, the Purchaser will be the Company’s majority stockholder and will have the voting power to control the election of the Company’s directors and any other matter requiring the affirmative vote or consent of the Company’s stockholders.

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12441273