North American Cannabis Holdings Inc (USMJ)

[BeamMeUpScotty]

ok ceo1 some basic facts about Facebook (FB). it was floated at $38.00 not $45.00.

The share price was too high relative to where their business model was and how far it was developed at the time they floated.

Why do I say that about FB? Well, it's simple, FB floated at 100 times prospective earnings. The only way the share price was going to go was down.

Two things will affect FB's share price in the next two years - as yet it's not a place or a website where people go to buy things, which would be easy to monetise. It's a website where people go to socialise with their friends, or make new friends.

Apart from advertising, more than 70% of it's revenue comes from the e-money they sell. When they find a way to monetise it, they will start doing better. The simplest way to me seems to be to sell credits to become an online gaming site.

FB will fall way below what it is today when all the other shares that were issued at the time of floatation come off restriction - I think that's in November which is when I might buy as I'd expect it to maybe go as low as $5.00 and then bounce back up.

Of course you'd know all that as you're the self styled ceo1 ! Not likely judging by your posting history here is it really?

Every board has its strong dissenter ... someone who#s so sad that they have all day to type vacuous posts based on little but conjecture and hyperbole.

When people like that are around on a board there's always so much hot air .... you're just never sure which end it's coming from though. That's the problem!

(Sorry if I use words you don't understand - a dictionary always comes in handy at times like this! That's a book that lists the meaning of lots of words!