Balaton Power Inc BPWRF

agm and proposed share consolidation

[zot]

Any opinions

[metalmania]

I hope they can avoid it. There are a lot of shares out, not the most for what we may have, but we have to see and analyze the flyover results. Voisey could be humongous. If there are big anomalies, then should partner with a major. And I expect there will be many suitors. Get the financing that we need and carry on. We can all prosper. The very longs need to analyze what we have and

[gotrupees]

@ 125 million current shares div by 5 = @25 million total Bally shares. Good news: all warrants numbers & officers awards appear will also be divided by 5, so this is no reverse split--your shares keep their total $ value relative to now. What's the benefit of this consolidation?IMO only, Voisey Bay value is inconsequential compared to India--it's much earlier

[metalmania]

"IMO only, Voisey Bay value is inconsequential compared to India--"Uh, I don't know about that. IMHO, a significant Voisey find could dwarf India. Balaton is more apt to attract financing from a voisey deposit than the india deposit, at this moment at least. Folks in the know can read those flyover maps and make quick sense of things...I'm glad that we have 3 more

[gotrupees]

Metal--thanks for correcting me--this IS a 5-1 reverse split, just NOT (according to what the AGM notice seems to say) one which screws over the common shareholders by NOT also reversing the warrants and Balaton's officer options by the same ratio. In other words, the same R/S ratio for everybody. So everybody has 5X less shares, unlike on the pink sheets where mgt frequently destroys commons&

[metalmania]

You're welcome gotrupees...Well, sounds like the reverse split will occur. I hope that shareholders will be treated well and not get screwed. A lot of shareholders put up a lot of money to keep this company going....Why are they doing this you ask? I'm guessing to get further financing. I tighter float with less warrants looks a lot more attractive to new financiers. If that gets us to

[zot]

In my experience reverse splits are rarely the best for the small investor. When the Agm papers arrive in your mail one might be able to vote issues by phone in leu of attending. All shareholders should give this matter serious thought.

[metalmania]

We have a poor CEO. He may be a super nice guy but he hasn't done very much. He certainly hasn't shown that he can raise money. A LOT of money has to be raised to go forward. Most for continuing the ground work once the flyover report tells where the targets are and also to buy in to JAL to buy in 55%-80%. Balaton does not own any part of Voisey Bay land as of yet...If the company can

[EHV8TOR]

I accidentally googled Balatron....with an r Not saying, just saying

[ilovebauxite]

Don't give up yet. It ain't over. Voisey Bay flyover may find the missing link, with a k....

[ganzer]

What's wrong with a 3:1 split? New investors are going to shy away from 50 Million o/s? I don't think so.

[ilovebauxite]

There are 125 million shares outstanding. 3-1 would reduce it to 41.6 million shares and about 6 million warrants. That's not bad. Especially if the flyover report shows promise. 4-1 would be 31.6 million shares and 5 million warrants. There certainly is room to wiggle.

[ganzer]

I agree with you ILB ... 41.6 Million shares outstanding should satisfy the new crop of investors, reduce the sellingand put the Company on sounder footing for additional money raising. Why would the Board insist on giving existing shareholders a deeper haircut than that? Especially if Voisey and India show immediate promise.I don't get it ... The CEO should explain himself for this move.