Taking advantage of the rush to legalize marijuana in all 50 states, the penny stock of Refill Energy, Inc. (REFG) rushed itself on to the radars and radios of traders to start the week. Being rumored to be running advertisements over the radio, REFG stock was lit up for its largest volume session since trading began just over a week ago. With a snazzy little website, the Company, now calling itself Medical Cannabis Payment Solutions, Inc., took advantage of the opportunity to smoke up some extra sticky gains for the day.
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REFG Stock Quote
Market Cap: 28.56M
Last: 0.38 ▲ +0.21 (123.53%)
Dollar Volume: $141,967
Issued and Outstanding: 75,148,731
Jeremy Roberts, Founder, CEO and CFO: 60,000,000
14-Day Rel Strength: N/A
1st Resistance Point: 0.4433
1st Support Level: 0.2733
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Refill Energy entered into the medical marijuana business almost overnight with plans to get their S2S, Seed-to-Sale, integrated solution int the market. With Illinois becoming the 20th state in the U.S. to recently legalize medical cannabis, the Company intends for their software to be a turn-key, management and compliance technology for growers, caregivers, and dispensaries. Now who hasn’t heard that story line before n a penny stock.
Let’s just say that the newly formed Medical Cannabis Payment Solutions Inc. can get their product and service into the market place to capture the estimated $9 billion that the industry will be worth in 2016. Perhaps then they can get a proper office rather than “rent office space on a month to month basis in a modern office park in Las Vegas, Nevada.”
Just the smallest of due diligence on REFG stock reveals that “In the quarter ended March 31, 2013, holders of $10,000 in note converted their shares into 10,000,000 shares of common stock.” For those lacking the ability to do quick math, that’s 10 million shares at $0.001 per share. Therefore, today’s buyers of REFG made the converter of those notes a whopping 39,900% when sold at 0.40.
This is why they made cassette tapes long ago; so you wouldn’t have to listen to the radio!
About REFG Stock
Refill Energy, Inc., dba Medical Cannabis Payment Solutions, Inc., is a development stage company focused integrating their one-stop solution that will document and assure compliance with all applicable regulations that medical marijuana producers and distributors are required to follow under their respective state laws.
Click here to view the financial filings for REFG on OTCMarkets.
Click here to view the website for Medical Cannabis Payment Solutions.
Last 5 Trading Sessions:
Those who got into REFG stock today may want to look for a quick solution to integrate the gains, or break even, they are at on the penny stock. Seeing another day like today for REFG would be huge, but chances are the $2,916 the Company had in the bank as of June 30, 2012 has already been used up considering what happens in Vegas.
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