Freedom Energy Holdings, Inc. (PINK:FDMF) went trough a weak trading session yesterday. However, several facts can bring more trading interest in the stock in the coming session.
First, at the end of the session FDMF issued a press release to announce that it had hired an auditor to carry out an audit of the periods ending Dec. 2010 and Dec. 2011. The company expects to receive full reporting status thanks to the disclosure of its activities.
Second, FDMF received a promotional coverage by Sizzling Stock picks yesterday after the end of the session. The newsletter that came from the promoter indicated that $2,500 were paid by a third party whose name was not disclosed.
From a technical point of view, it 
seems that FDMF is consolidating at around $0.01, which can provide a base for a bounce off for the company if the promotion works out well. However, its a rule of thumb that promotions not always work out well, so there is still a chance for FDMF to continue osculating around the support line or decline further down.
The coming session will show what effect the combination of the promotion and announcement will have on the stock. However, the company was promoted three weeks ago, when FDMF shares were still sold at $0.02. Therefore, it is very likely that the promotion will attract fewer investors this time.
