First Bitcoin Capital Corp (BITCF)

[rondo83]

Can someone set me straight regarding BIT's market cap?

If there's around 21,000,000,000 premined coins and the Livecoin exchange is showing a current ask of 0.00001 BTC/BIT, does that mean that the market cap of BIT is 210,000 BTC or $161m?

Something is obviously out of whack but the reason I'm using 21B coins is that the previous PR said that the premined coins in the wallets were all eligible to be sold at any time (and almost all coins ever to exist were premined). So shouldn't the BIT market cap be calculated on all of them?

If so, doesn't that set the coin's value at roughly 27x the value of the common stock ($161m/$6m)?