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The latest update is out from Sino American Oil Company ( (OILY) ).
On May 16, 2024, Rene Bruun Lauritsen resigned, and Boriss Aleksandrov was appointed as the new sole Officer and Director of the Company. Aleksandrov brings extensive experience in finance and business management, having held executive roles across various industries. While the Company lacks formal compensation agreements with Aleksandrov, it is exploring potential opportunities in sectors like waste management and energy recovery. However, Sino American Oil Co.’s plans remain speculative and dependent on securing external financing for future investments.
See more insights into OILY stock on TipRanks’ Stock Analysis page.