Stockle - the stock oracle

Sino American Oil Co

US:OILY
No current share price held for this company.

Past year: ▼ 100%(0.00c – 0.01c USD)

Market cap
—
Shares on issue
—
Story beats
5 since 2010
Last event
13 Dec 2024

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

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.

Discuss in chat