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As of 8:10 PM 09/11/14 All times are local (Market data is delayed by at least 15 minutes).

balaton power inc (BPWRF) Key Developments

SEC Orders Hearings On Registration Suspension Or Revocation Against Balaton Power Inc. For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Balaton Power Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

Balaton Power Inc. Announces Management Changes

Balaton Power Inc. announced the appointment of Barry Brown as the Chief Executive Officer and a director of the company effective September 29, 2013. Mr. Brown replaces Michael Rosa who has resigned as an officer and director of the company. Dr. Barry Brown has since been an associate dentist until owning his own private dental practice for eleven years. In that time he has built up his business acumen in running the day to day operations and payroll of a busy dental practice. After selling his practice and retiring for three years he has since become an associate dentist, once again undertaking the day to day operations of another dental practice. Dr. Brown has been an active shareholder of Balaton almost since its inception for the past twelve years.

Balaton Power Inc. announced delayed 20-F filing

On 04/30/2013, Balaton Power Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC.

Balaton Power Seeks Funding

Balaton Power Inc. is looking for funds for the assignment agreement signed with JAL Exploration Inc. and for additional working capital.

 

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