Why Medical Cannabis Payment Solutions (REFG) Sucks

REFG AdvisorySmoke a bunch of weed this weekend? If you’re still stoned (or just took a few hits on the bong) then today’s penny stock alerts on Medical Cannabis Payment Solutions Inc. (REFG) should be right up your alley. Expected to gap, trade flat and then continue on it’s downward trend since the fka Refill Energy REFG shares began trading in late August. Trying to do everything possible to capitalize on the dumb money that flows into marijuana stocks which will never amount to anything, expectations of another fluff PR issuance, commenting on something like why certain children deserve the right to be given cannaboids, you’d have to have some real magic on your side like the $10,000 note converter from Q1 has.

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REFG Stock Quote

Market Cap: 13.15M
Friday Close: 0.175 ▲ +0.005 (+2.94%)
Volume: 24,700
Dollar Volume: $4,200
Open: 0.17
High: 0.175
Low: 0.16
Trades: 12
Authorized: 490,000,000
Issued and Outstanding: 75,148,731
Jeremy Roberts: 60,000,000
14-Day Rel Strength: 40.76%
1st Resistance Point: 0.18
1st Support Level: 0.165

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Back in November when REFG stock was getting pumped by every newsletter but ours, it too nearly 2 weeks to get the share price to rise from 0.19 to 0.26. Medical Cannabis Payment Solutions ruffled some feathers when they issued a statement supporting the FDA’s decision to grant orphan drug designation for a cannabis extract for use in children with a severe form of epilepsy called Dravet syndrome.

Jeremy Roberts, Founder, CEO, CFO and apparent owner of 60,000,000 shares of REFG stock as of their last filing (June 30, 2013) stated in the Dravet syndrome decision that “it has long been our position that we’re just beginning to see the public health benefits of this amazing herb.” Since then, bagholders of REFG stock have been saying “when the hell is this pump and dump gonna file current financials so we see how much more stock was issued for $0.001 per share.”

The chart of this POS is the most appropriate tool any new trader could use to determine whether or not to buy shares of REFG stock today. The consistent pattern is due to continue into 2014 until it finally gets to a point where REFG stock is a subpenny and eventually pulls the 3rd reverse split the entity has done since 2005.

“completely unknown in a searing red hot sector REFG has just seen a massive increase in volume and all indicators point to a serious technical breakout.”

“#Technically REFG is a traders dream as I said. The recent increase in volume is a harbinger and indicators that point to a serious technical breakout.”

If those bullet points get you to take a toke on REFG stock at anything over 0.05 a share, perhaps the bullet was pointed in the wrong direction and should have been aimed at the keyboard, blasting away the “R” “E” “F” and “G” keys. There is a reason why OTCMarkets has a big red “yield” sign issued on Medical Cannabis Payment Solutions: they ain’t current filers cause the cat can’t come out of the bag until they dump more shares.

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About REFG Stock

Medical Cannabis Payment Solutions, Inc., fka Refill Energy Inc., is a pinksheet listed, development stage company focused on 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:

Date Open High Low Last Change % Change Volume
12/13/13 0.1700 0.1750 0.1600 0.1750 +0.0050 +2.94% 24,700
12/12/13 0.1700 0.1700 0.1700 0.1700 +0.0100 +6.25% 19,500
12/11/13 0.1600 0.1600 0.1510 0.1600 -0.0100 -5.88% 72,700
12/10/13 0.1700 0.1898 0.1600 0.1700 unch unch 100,000
12/09/13 0.1900 0.1900 0.1610 0.1700 -0.0250 -12.82% 53,200


Bottom Line:

REFG is making money for the note converter who traded $10,000 for 10,000,000 shares, $0.001 per share, back in Q1, 2013. The owner of those 10 million shares has been so aggressive in selling, having missed the marijuana stock hype by a year that even seeing a trade above 0.20 isn’t worth the risk of buying into the promo. If you’re smart, you’ll remove REFG stock from your list of penny stocks to buy today or suffer the consequences.

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