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BPWRF SEC Suspension:
http://www.sec.gov/litigation/suspensions/2014/34-72862.pdf
Order:
http://www.sec.gov/litigation/suspensions/2014/34-72862-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2014/34-72863.pdf
BPWRF is looking great at this level
Anything new? TIA
It is time to talk about this company.
BPWF is going forward with Project in India, taking while. It seems like finally things are getting together. Next trip to India will tell whole a lot. On top of that their new project in Canada sounds even more exciting. Stock price is moving higher almost every day. Somebody must know something. The time finally arrived, IMO.
I am just a regular Joe also. Your info. is much appreciated.
IMB
I'm just a regular Joe, but I'd GUESS IMO only:
A- Anticipation will drive price higher.
B- Balaton & Visa were looking ahead to their next moves & had pieces in place to lobby for next bureaucratic approvals long before recent PR. SEE stockouse dot com board for more detailed info.
C- Price might take many sharp leaps up & half way back?, based on unproven past claims of shorting by MM's to be artfully covered or "worked off" like too many holiday feast pounds packed on the ol midsection.
D- You'l have a MUCH HAPPIER New Year if you discipline yourself to SELL INTO A RUN-- NEVER BUY into a run. Someday IMO this will really fly but don't waste a run by gnashing your teeth to bits by buying at a possible top & desperately trying to sell on the way down (3 day rule) (Been there/done that!)
As the Bond film sez: BUY ANOTHER DAY.
Last guess --at ATerd, ask often showed as .22 long before the announcement when price peaked at...22 cents. Lately it's @25 cents but who knows? I don't have L2.
Expect the price will/might drop mightily between news events surges. With Visa onboard I hope for much more frequent PRs-- another by GroundHog Day would be ground-breaking!
GLTY
whonose5
In anticipation, what are your thoughts about the meeting and how do you think it will effect the PPS?
Monday's the annual board meeting. Anticipation...
U think the financials may be coming??
Nice volume today! Going up nicely..something big is coming it seems.
Today American Bulls gives a BUY CONFIRMED Recommendation on BPWRF!
http://www.americanbulls.com/StockPage.asp?CompanyTicker=BPWRF&MarketTicker=OTC&TYP=S
Figure III shows the extent of the deposit and the 10 blocks.
Figure III - Gandhamardan Bauxite Deposit Showing Block Divisions
OMC currently holds a mining permit (the "Permit") on Block 7, which contains about 20% of the deposit, or approximately 40 million tonnes. The Permit covers an area of 285 hectares, as shown in Figure IV.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 20-F
£ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) or 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934
OR
S ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2008
OR
£ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
OR
£ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _______________ to _______________
Commission file number 0-32255
BALATON POWER INC.
(Exact name of Registrant specified in its charter)
BRITISH COLUMBIA, CANADA
(Jurisdiction of incorporation or organization)
Suite 206, 20257 54 th Avenue
Langley, British Columbia
Canada V3A 3W2
(Address of principal executive offices)
Contact Person: Paul Preston
Email: boxbal@shaw.ca
Telephone: (604) 533-5075, Facsimile: (604) 533-5065
Securities registered or to be registered pursuant to Section 12(b) of the Act:
Title of Each Class
Name of each exchange on which registered
None
Not applicable
Securities registered or to be registered pursuant to Section 12(g) of the Act:
Nice green day today :)
If the volume picks up a little tomorrow we will break 0.14 and easily get another 50% like today IMO!
L2 is still extremely thin to 0.25!
GLTA :)
The Gandhamardan is the second largest bauxite deposit in Asia and is similar in all respects to the largest deposit in India.glta
Balaton Power Inc. The Group's principal activity is to explore and develop bauxite deposit located in the state of Orissa and India. It is focused on the exploration and development of the Gandhamardan Project located in the State of Orissa in India through Continental Resources (USA) Ltd.
I'm glad to see this one on this board. I have been watching this one for awhile.
L2 (October 7th-EOD)-:
Strong support at 0.8, L2 thin up to 0.25! This broke out to 0.22 not so long ago and IMO will do it again! Easy 2-bagger from here.
Added L2 for those who haven't:
Website BPWRF: http://www.lunadesign.org/sites/Balaton
NEWS Balaton Power Inc. Announces Agreement with Visa International Ltd. For Development of Gandhamardan Bauxite Project.
October 05, 2009 12:14 PM Eastern Daylight Time
LANGLEY, British Columbia--(BUSINESS WIRE)--Balaton Power Inc. (the “Company”) (OTCBB: BPWRF) is pleased to announce that its wholly owned subsidiary Continental Resources (USA) Ltd. (“CRL”) has entered into an agreement in settlement of the litigation with VISA International Ltd. of Kolkata, India (“VISA”) a leading Indian business conglomerate. Under the terms of the settlement CRL settled all outstanding disputes with VISA and thereby reinstated its agreement-dated 15.02.2005 whereby VISA (as to 74%) and CRL (as to 26%) will establish a corporation in the State of Orissa, India to jointly develop the Gandhamardan Bauxite Project.
Under the terms of the agreement CRL will receive from VISA incremental cash payments, upon the achievement of certain milestones during the development of the Gandhamardan Bauxite Project. The parties agree to work together in good faith with the Orissa Mining Corporation and its requirements for the ratification of the revised original agreement between CRL and OMC. The development of Gandhamardan Bauxite Project has been conceived as a joint venture between the Orissa Mining Corporation (“OMC”), an Orissa state-owned enterprise and CRL and is pending signatures to the revised joint venture agreement between the two entities. The original MOU and JV agreement between CRL and OMC were signed on 01.10.1996 and 18.04.1997 respectively.
VISA is a leading Indian business conglomerate with significant financial and technical resources, expertise and project experience in managing large operations in India and abroad. CRL and its parent Company Balaton Power are extremely pleased to have the litigation resolved and the involvement, and support of VISA in the development of the Gandhamardan Bauxite Project. For further information on VISA International Ltd. please visit their website at www.visa-group.com.
For further information on Balaton Power, CRL’s parent Company and the Gandhamardan Bauxite Deposit please visit www.sedar.com and specifically the 43-101 technical report titled “Summary Report Gandhamardan Bauxite Deposit’ filed on SEDAR on February 19, 2007.
FOR AND ON BEHALF OF THE BOARD OF DIRECTORS
“Michael Rosa”
Michael Rosa
President & Director
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Balaton Power Inc.
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