BioPower Operations Corporation d/b/a as HyFi Corp., Announces that it Seeks New Auditors after SEC permanently shut down its auditor BF Borgers
May 21, 2024 9:30 AM ETBioPower Operations Corporation (BOPO)
Aventura, Florida, May 21, 2024 (GLOBE NEWSWIRE) -- BioPower Operations Corporation (BOPO) d/b/a as HyFi Corp., today announced that it is reviewing new auditors. On May 3, 2024, the Securities and Exchange Commission (the “SEC”) announced that it had settled charges against BF Borgers CPA PC (“BF Borgers”). As part of the settlement, BF Borgers agreed to a permanent ban on appearing or practicing before the SEC. The SEC further reported that approximately 500 OTC companies had been defrauded by Borgers including Trump Media.
Although BioPower had prepared its Annual and Quarterly filings, Borgers tried to make the Company file amended filings charging the Company an additional six figures in order to sign the audit letter and sign off enabling the Company to file the required SEC filings, knowing that we would be delisted if we did not file. When the Company refused to pay this demand, Borgers tried to blame his request on the PCAOB, the body that governs what Auditors rules must be followed by auditors for public companies. Mr. Borgers refused to answer all phone calls from the Company but instead sent all of his demands through emails. The Company refused to pay this outrageous amount of money for a few days work even though we made the one-line change to our filings to get them ready to be filed as amended filings. Mr. Borgers, knowing we would be delisted, demanded money to sign off on amending our filings and would not speak to us.
The Company is reviewing new potential Auditors and after selecting an auditor, intends to file all necessary SEC reports and do whatever is necessary in order to commence trading again.
The Company has been very active over this last year as per our website: www.hyfi-corp.com and joint venture partner and licensee WPP Energy https://wppenergy.com/.
We intend to put out a Shareholder’s letter shortly to explain the activities of the Company and approximate future incomes from those activities.
About BioPower Operations Corporation/ HyFi Corp.
BioPower Operations Corporation is focused on the implementation of sustainable projects and other projects consistent with the UN’s 17 SDG’s. HyFi’s core competency is project funding solutions, project technology deliverables and creating OEM, EPC and O&M relationships. HyFi also offers other consultancy services in the green energy, environmental and infrastructure market.
HyFi has rapidly evolved into a company with a strong focus on sovereign level engagements, particularly to take a leading role in assisting developing nations to reach their goals by providing both turnkey financial solutions through partner financial institution syndication and by also building consortiums of OEM’s and EPC’s to satisfy project deliverables for initiatives of national importance.
For more information see www.HyFi-corp.com
About WPP Energy GmbH
Headquartered in Geneva Switzerland, WPP Energy GmbH are leaders in renewable energy innovation since 2009.
WPP is a repository for disruptive green energy and environmental technologies which we build or intend to build, own, operate and maintain. WPP also licenses technology and enters strategic joint venture partnerships for the purpose of accelerating the deployment of important environmentally friendly technologies for the benefit of the entire world.
For more information see https://wppenergy.com/
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