Yuengling's Ice Cream Corp (YCRM)

[KnicksStockChamp]

Most likely to insure that Rick was paid the $525k at conversion. This is pretty standard stuff with Preferred Shares issuance at public companies, ie attaching rights, dividends, voting powers.

A stated value is an amount assigned to a corporation's stock for internal accounting purposes when the stock has no par value. Like par value—which is the face value of a stock stated in the corporate charter—stated value is nominal. The stated value has no relation to market price.