Now I understand why we are a cross purposes, you don't know the common meaning of some important investment terms:
Calculating Market Cap Market capitalization is just a fancy name for a straightforward concept: it is the market value of a company's outstanding shares. This figure is found by taking the stock price and multiplying it by the total number of shares outstanding. For example, if Cory's Tequila Corporation (CTC) was trading at $20 per share and had a million shares outstanding, then the market capitalization would be $20 million ($20 x 1 million shares). It's that simple.
So here comes the hard part. If 20 shares trade at eight cents and there are no other trades, then the market value (might want to look that up) has been established at 8 cents, even though a company has shareholder equity of minus several million. (See my previous post defining shareholder equity). It also does not mean that all shares would sell at eight cents if offered at once, because you would have to find enough people to pay eight cents, in this case for a company that had negative value. Bering had no value, it had virtually no assets and plenty of debt. Since that implies no shareholder equity in the sense that everyone but you uses the term, I said there was no shareholder equity. I don't know how to say it simpler.
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