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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
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eGlobe, Inc.
(f/k/a Executive Telecard, Ltd.)
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(Name of Issuer)
Common Stock, $0.001 par value
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(Title of Class of Securities)
301601101
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(CUSIP Number)
James Pleasant, 1601 Elm Street, Suite 3000, Dallas, Texas 75201, (214) 999-3000
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
November 5, 1999
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Section 240.13d-1(e), Section 240.13d-1(f)
or Section 240.13d-1(g), check the following box / /.
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Section 240.13d-7(b) for other parties to whom copies
are to be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
(Continued on following page(s))
Page 1 of 4 Pages
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CUSIP No. 301601101 13D Page 2 of 4 Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Gladys M. Jensen
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds*
WC; OO
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
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(6) Citizenship or Place of Organization
USA
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Number of Shares (7) Sole Voting Power
Beneficially Owned 8,917,044
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting Power
-0-
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(9) Sole Dispositive Power
8,917,044
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(10) Shared Dispositive Power
-0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
8,917,044
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
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(13) Percent of Class Represented by Amount in Row (11)
30.9%
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(14) Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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CUSIP NO. 301601101 Page 3 of 4 Pages
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ITEM 1. SECURITY AND ISSUER
This Schedule 13D (this "Filing") relates to the Common Stock,
$0.001 par value ("eGlobe Common Stock"), and voting and other contractual
rights relating thereto, of eGlobe, Inc., a Delaware corporation (the
"Company"), which has its principal executive offices located at 1250 24th
Street N.W., Suite 725, Washington, D.C. 20037. The purpose of this Filing
is to reflect the beneficial ownership of eGlobe Common Stock by Gladys M.
Jensen.
ITEM 2. IDENTITY AND BACKGROUND
(a) Gladys M. Jensen ("Ms. Jensen")
(b) 850 Cannon, Suite 200, Hurst, Texas 76054
(c) Executive Officer and controlling member of EXTL Investors, LLC.
(d) Ms. Jensen has not, during the last five years, been convicted
in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) Ms. Jensen has not, during the last five years, been a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was
or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any
violation with respect to such laws.
(f) Ms. Jensen is a citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
As the Executive Officer and controlling member of EXTL Investors,
LLC ("EXTL") and on behalf of EXTL, Ms. Jensen purchased 3,000,000 shares of
eGlobe Common Stock from Ronald L. Jensen on May 12, 1999, with a $7,500,000
promissory note. EXTL received warrants from the Company, which are
exercisable as of April 9, 1999, to purchase 500,000 shares of eGlobe Common
Stock for $.01 per share in connection with a loan made to the Company by
EXTL. As of February 16, 1999, EXTL purchased 50 shares of eGlobe 8% Series
E Cumulative Convertible Redeemable Preferred Stock (the "Series E Preferred
Stock") for $100,000 per share. The Series E Preferred Stock is immediately
convertible into 2,352,941 shares of eGlobe Common Stock. In connection with
the purchase of the Series E Preferred Stock, EXTL received a warrant, which
is exercisable as of April 17, 1999, to purchase from the Company 1,000,000
shares of eGlobe Common Stock for a pro rata amount of $2.125 per share for
723,000 shares and $.01 per share for 277,000 shares.
As of June 30, 1999, and as the Executive Officer and controlling
member of EXTL and on behalf of EXTL, Ms. Jensen sold and assigned 500,000
warrants associated with a loan made to the Company by EXTL to Jami Jensen,
Julie Jensen, Janet Jensen, James Jensen and Jeffrey Jensen.
As of November 5, 1999, and as the Executive Officer and controlling
member of EXTL and on behalf of EXTL, Ms. Jensen converted $4,000,000 of that
certain Note, dated as of June 30, 1999, in the original principal amount of
$20,000,000 made by eGlobe Financing Corporation and payable to the order of
EXTL, into 40 shares of Series J Convertible Cumulative Preferred Stock (the
"Series J Preferred Stock"). The Series J Preferred Stock is immediately
convertible into 2,564,103 shares of eGlobe Common Stock.
ITEM 4. PURPOSE OF TRANSACTION
The person signing this Filing does not have any specific plans or
proposals which relate to or would result in any extraordinary corporate
transaction, such as a merger, reorganization or liquidation, involving the
Company or any of its subsidiaries; a sale or transfer of a material amount
of assets of the Company or any of its subsidiaries; any change in the
present board of directors or management of the Company; any change in the
present capitalization or dividend policy of the Company; any other material
change in the Company's business or corporate structure; changes in the
Company's charter, bylaws or instruments corresponding thereto or other
actions which may impede the acquisition of control of the Company by any
person; causing a class of securities of the Company to be delisted from a
national securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities
association; a class of securities of the Company becoming eligible for
termination or registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934, as amended; or any action similar to any of those
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CUSIP NO. 301601101 Page 4 of 4 Pages
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enumerated above; but such persons reserve the right to propose or undertake
or participate in any of the foregoing actions in the future.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Ms. Jensen is deemed to beneficially own, as the Executive
Officer and controlling member of EXTL, 8,917,044 shares of eGlobe Common
Stock. Of those shares deemed to be beneficially owned by Ms. Jensen, all
shares were purchased with working capital of EXTL or with a promissory note
from EXTL.
The percentage calculations are based upon 22,943,541 shares of
eGlobe Common Stock outstanding on November 1, 1999, as reported in the
Company's most recent Quarterly Report on Form 10-Q, filed November 16, 1999.
(b) Ms. Jensen may be deemed to have sole voting and dispositive
power over 8,917,044 shares of eGlobe Common Stock.
(c)None.
(d) None.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
January 10, 2000
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(Date)
/s/ Gladys M. Jensen
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(Signature)
Gladys M. Jensen
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(Name/Title)
