Global Marine, Ltd (fka GLBM)

[mastaflash]

8K out:


UNITED STATES
SECURITIES AND EXCHANGE COMMISION
Washington, D.C. 20549


FORM 8-K
CURRENT REPORT

Pursuant
To Section 18 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 24, 2008





GLOBAL MARINE LTD
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)




Nevada 021-84167 57-1075246
------ --------- ----------

(State or other jurisdiction (Commission (I.R.S. employer
of incorporation) File Number) identification number)


2062 Chapman Lake Drive, Warsaw, Indiana 26582
(Address of principal executive offices) (Zip code)



[phone]
Registrant's telephone number, including area code



165A Remount Road, North Charleston, South Carolina 29406
(Former Address If Changed since Last Report)




<PAGE>






Item 8.01 Other Events

The purpose of this filing is to amend the last paragraph of the previously
reported Item 8.01 dated April 4, 2006, as follows.

As of January 24, 2008, the registered holder of the Debenture, Highgate House,
LLC. ("H.H.") has forwarded a notice of conversion to the Issuer, pursuant to
which, H.H. elected to convert the principal amount and interest of $55,000
dollars, pursuant to which the Issuer, issued 55 million shares of its common
stock to H.H.

To date, H.H. has forwarded sixteen notices of conversion to the Issuer.
Pursuant to these notices, H.H. elected to convert the principle amount and
interest of the Debenture in the aggregate sum of $176,780, pursuant to which
the Issuer issued an aggregate of 118,904,071 shares of its Common Stock to H.H.


<PAGE>










SIGNATURES


Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.


Global Marine LTD
(Registrant)


Dated: February 12, 2008 By: /s/ Douglas W. Beatty
--------------------------
Douglas W. Beatty, President

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