K....hasher and O-S are probably right, but.....
While we know the basis for the original 10 million shares of Class B issued, there were an additional 18 million shares issued (see Form 3's) without a filing to explain their issuance.
The original batch, issued in 7/08, was in lieu of salaries for SM & MM for three years and for a consulting agreement (8k said for 3 years, but the agreement itself differed significantly) for FL. So, in theory at least, the issuance of 18,000,000 shares, including 5,000,000 for RME was for something else.
I bring this up to suggest that, while I expect that the voting rights of the Class can't be altered by the SEC, the question of whether the last 18,000,000 were properly issued might come up at some point.......possibly resulting in their cancellation???
BTW, I don't think that the fact that the 10K and 10Q were not issued excuses the company from reporting the most recent issuances on an 8-k as:
Item 3.03 Material Modification to Rights of Security Holders.
or
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
There's no question that we should know why they were issued by now.
