Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

"The dual-class share structure that has left the founders in control of the company, in spite of having a combined economic interest of only 18 per cent, has been controversial with corporate governance activists since _______ went public in 2004. Such arrangements are used mainly in the media industry by founding families looking to keep control of their empires as their financial interest becomes diluted, and have been criticised for leading to entrenched managements and underperforming share prices."

From today's Financial Times......fill in the blank and I think that you'll agree that the Class B shares are only a problem if the wrong people are holding them.