Following the IPO, Accel had 135.7 million Class A shares and 7.9 million of the super-voting Class B shares.

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Before selling last week, Moskovitz converted 7.5 million super-voting Class B shares into Class A shares so that he could sell on the Nasdaq.

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The creation of Class B super-voting shares allowed the Sulzberger-Ochs family to maintain an all-but-unchallengeable control of the company while still allowing it to tap the public markets for capital it needed for expansion.

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The super bears believe in a euro-crack up, the U.S. going to single A or even triple B credit rating, and maybe even defaulting.

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