Sino American Oil Co has initiated a private offering of its common stock, aiming to raise a maximum of $75,000 by selling shares at $0.0001 each. As of now, the company has managed to raise $24,000 from 8 accredited investors. Notably, one of the investors, Decus Pro OU, is an entity controlled by the company's CEO, Boriss Aleksandrov, which purchased 138,000,000 shares. Across all investors, a total of 240,000,000 shares have been sold so far. Proceeds from the sale are intended for working capital and general operations, but management retains discretion over the funds' exact use.