Past year: ▼ 100%(0.00c – 0.01c USD)
Each one in plain English, with the numbers worked through for a shareholder.
31 Dec 2024auditor change● Neutral
The board dismissed auditor BF Borgers on May 3, 2024, the same day the SEC barred that firm from practicing before it. On August 28, 2024 the board engaged Michael Gillespie & Associates, PLLC to review or audit periods after September 30, 2022. This reverses the 2022 switch from Gillespie to Borgers; the filing itself was made on December 31, 2024. The prior Borgers report included a going-concern paragraph.
13 Dec 2024capital raising announcement● NeutralMajor
Starting around September 18, 2024, the company began a private share sale at $0.0001 per share, aiming to raise up to $75,000. So far 8 accredited investors have bought 240,000,000 restricted shares for $24,000, including 138,000,000 shares bought by Decus Pro OU, an entity controlled by CEO Boriss Aleksandrov. Proceeds are meant for working capital and day-to-day operations, and the issuance adds a large number of new shares.
13 Dec 2024securities registration● Neutral
Sino American Oil Co filed notice of an exempt private placement.
14 Aug 2023late filing notice▼ Bad
Sino American Oil Co notified the SEC that its quarterly report would be filed late.
15 May 2023quarterly activities report● Neutral
Sino American Oil Co reported a quarterly net income of $55 thousand for the period ended 2023-03-31.
14 Feb 2023quarterly activities report▼ Bad
Sino American Oil Co reported a quarterly net loss of $60 thousand for the period ended 2022-12-31.
29 Dec 2022late filing notice▼ Bad
Sino American Oil Co notified the SEC that its annual report would be filed late.
4 Oct 2022auditor change▼ Bad
Auditor Michael Gillespie & Associates resigned on September 27, 2022, and BF Borgers CPA PC was appointed on September 28, 2022 to audit the quarter ending September 30, 2022 and fiscal 2022. Gillespie's report on fiscal 2021 included a going-concern paragraph, and no disagreements were reported. Gillespie was the auditor consulted on the 2022 restatement.
22 Aug 2022quarterly activities report▼ Bad
Sino American Oil Co reported a quarterly net loss of $48 thousand for the period ended 2022-06-30.
15 Aug 2022late filing notice▼ Bad
Sino American Oil Co notified the SEC that its quarterly report would be filed late.
3 May 2022quarterly activities report▼ Bad
Sino American Oil Co reported a quarterly net loss of $137 thousand for the period ended 2022-03-31.
11 Apr 2022quarterly activities report▼ Bad
Sino American Oil Co reported a quarterly net loss of $137 thousand for the period ended 2022-03-31.
15 Mar 2022financial restatement▼ BadMajor
On March 10, 2022 the board concluded the June 30, 2021 quarterly financial statements can no longer be relied on and must be restated, with an amended filing expected by March 25, 2022. The restatement lowers operating expenses by $16,437,280, mostly by reducing the value of stock issued for services, and raises liabilities by $20,000.
30 Dec 2021late filing notice▼ Bad
Sino American Oil Co notified the SEC that its annual report would be filed late.
16 Aug 2021late filing notice▼ Bad
Sino American Oil Co notified the SEC that its quarterly report would be filed late.
13 May 2021securities registration● Neutral
Sino American Oil Co amended a filing by which it filed a Regulation A offering statement.
29 Apr 2021securities registration● Neutral
Sino American Oil Co amended a filing by which it filed a Regulation A offering statement.
22 Mar 2021securities registration● Neutral
Sino American Oil Co filed a Regulation A offering statement.
13 Jan 2012listing compliance notice▼ BadMajor
Sino American Oil Co deregistered its securities, ending its obligation to file reports with the SEC.
28 Dec 2011late filing notice▼ Bad
Sino American Oil Co notified the SEC that its annual report would be filed late.
15 Aug 2011quarterly activities report▼ Bad
Sino American Oil Co reported a quarterly net loss of $26 thousand for the period ended 2011-06-30.
17 Mar 2011material agreement▲ GoodMajor
On March 14, 2011 the company signed an option with Sentry Petroleum (Australia) Pty. Ltd. to earn a 70% interest in ATP 865 and ATP 866 in Queensland. To earn it, the company must pay the full cost of drilling and completing one well and fund up to US$1,000,000 of other geological, geophysical and engineering work. This follows the 2010 statement of an intended move into oil and gas, but it is an option and not yet an owned interest.
8 Mar 2011director interest notice● Neutral
Cameron R Fink became a Sino American Oil Co director and company insider (initial ownership filing).
8 Mar 2011director interest notice● Neutral
Cameron R Fink became a Sino American Oil Co director and company insider (initial ownership filing).
29 Dec 2010late filing notice▼ Bad
Sino American Oil Co notified the SEC that its annual report would be filed late.
12 Nov 2010asset acquisition disposition● NeutralMajor
On November 11, 2010 Raphael Industries renamed itself Sino American Oil Company through a merger with a new wholly owned subsidiary, with no shareholder vote needed. The name reflects an intended move into oil and gas exploration, which will not happen until it acquires a property. It is in talks with one entity about one property, but nothing binding is signed.
7 Oct 2010director interest notice● Neutral
Sino American Oil Co President, CEO, CFO Ronald Edward Hughes bought 10,200,000 shares on the open market at $0.00.
7 Oct 2010director interest notice● Neutral
Sino American Oil Co director Arne Raabe sold 10,200,000 shares at $0.00.
13 Aug 2010quarterly activities report▼ Bad
Sino American Oil Co reported a quarterly net loss of $35 thousand for the period ended 2010-06-30.
3 June 2010securities registration● Neutral
Sino American Oil Co amended an already-effective registration statement.
