TheGlobe.com Inc (TGLO)

[Elcappy1]

Except he's not selling ;) That would be a dick move towards the grandchildren. TGLO

On December 20, 2017, Michael S. Egan, Mr. Egan’s spouse, S. Jacqueline Egan, various grantor retained annuity trusts for the benefit of Mr. Egan’s children (collectively, the “Trusts”), and Dancing Bear Investments, Inc. (“Dancing Bear”), E&C Capital Partners, LLLP, E&C Capital Partners II, LLLP and The Registry Management Company, LLC, each of which is controlled, directly or indirectly, by Mr. Egan (such entities, collectively with Mr. Egan, Ms. Egan and the Trusts, the “Sellers”), entered into a Common Stock Purchase Agreement (the “Purchase Agreement”) with Delfin Midstream LLC (the “Purchaser”). Pursuant to the Purchase Agreement, the Sellers have agreed to sell to the Purchaser shares of common stock of theglobe.com, inc. (the “Company”) representing approximately 70.9% of the issued and outstanding shares of the Company’s common stock. As a result, upon the closing of the transactions contemplated by the Purchase Agreement (the “Closing”), a change in control of the Company will occur and the Purchaser will be the Company’s majority stockholder with 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.