WOOFERHEAD
5 hours ago
This is going to be a heavy lift for BOPO. Especially if they have closed deals.
That means that companies are going to need to re-audit all of the years covered by a BF Borgers audit report for their next 10-K and re-do prior interim reviews for periods presented in upcoming 10-Qs. Unfortunately, for some of those companies, that may be the least of their problems.
https://www.thecorporatecounsel.net/blog/2024/05/bf-borgers-fallout-for-public-company-clients.html
We have audited the accompanying consolidated balance sheets of BioPower Operations Corporation as of November 30, 2020 and 2019, the related statements of operations, stockholders' equity (deficit), and cash flows for the years then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of November 30, 2020 and 2019, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States.
/S/ BF Borgers CPA PC
BF Borgers CPA PC
We have served as the Company's auditor since 2021
Lakewood, CO
September 3, 2021
(Page F-2)
https://www.otcmarkets.com/filing/html?id=15210540&guid=xOL-kpiQAeImB3h
GLTA
Bullish!
$BOPO BOPO $BOPO
WOOFERHEAD
1 day ago
Any thoughts on this article would be greatly appreciated. BTW Nov 30, is the company's end of fiscal year.
BF Borgers: Fallout for Public Company Clients.
https://www.thecorporatecounsel.net/blog/2024/05/bf-borgers-fallout-for-public-company-clients.html
It’s hard to overstate the mess that the BF Borgers scandal creates for its public company clients. In an effort to provide some guidance to those clients, Corp Fin’s Office of the Chief Accountant issued a statement highlighting their disclosure and reporting obligations. In addition to flagging the Item 4.01 8-K report required in connection with a change in accountants, the statement highlights the impact on companies with respect to their future SEC filings:
In an effort to provide some guidance to those clients, Corp Fin’s Office of the Chief Accountant issued a statement highlighting their disclosure and reporting obligations. In addition to flagging the Item 4.01 8-K report required in connection with a change in accountants, the statement highlights the impact on companies with respect to their future SEC filings:
– Form 10-K filings on or after the date of the Order may not include audit reports from BF Borgers. Each fiscal year presented must be audited by a qualified, independent, PCAOB-registered public accountant that is permitted to appear or practice before the Commission.
– Form 10-Q filings on or after the date of the Order may not present financial information that has been reviewed by BF Borgers. Each quarterly period presented must be reviewed by a qualified, independent, PCAOB-registered public accountant that is permitted to appear or practice before the Commission.
– Form 20-F filings on or after the date of the Order may not include audit reports from BF Borgers. Each fiscal year presented must be audited by a qualified, independent, PCAOB-registered public accountant that is permitted to appear or practice before the Commission.
That means that companies are going to need to re-audit all of the years covered by a BF Borgers audit report for their next 10-K and re-do prior interim reviews for periods presented in upcoming 10-Qs. Unfortunately, for some of those companies, that may be the least of their problems.
For instance, the timing of the SEC’s action means that former Borgers clients face a looming 10-Q deadline, and even with a Rule 12b-25 extension, it may be practically impossible to retain a new accountant and complete the required review by the extended 10-Q deadline. Under the circumstances, I expect that any new accounting firm will need to do a lot of additional work before it will issue a review report and that audit committees will want to have those numbers scrubbed very hard before signing off on a 10-Q filing containing them. The bottom line is that many of these companies are going to be late filers.
What’s more, given all the work that Borgers apparently didn’t do on hundreds of audits, once new auditors start poking around, my guess is we’re likely to see a fair share of these companies conclude that restatements of prior audits are necessary – which will open up a “whole ‘nother bag of snakes.”
GLTA
Bullish!
$BOPO BOPO $BOPO
WOOFERHEAD
4 days ago
KH2 Group signs carbon neutral project with Q2A JSC
https://biz.chosun.com/industry/company/2024/05/23/PVY4GGHTPVEAFAH6CVH7IPXXOE/?utm_source=naver&utm_medium=original&utm_campaign=biz
As part of the eco-friendly waste management and carbon neutrality policy promoted by the Vietnamese government, KH2 Group signed an MOA and LOI with Q2A JSC to take the lead in participating in the carbon-neutral project (pyrolysis emulsification) to be installed in Quang Ninh Province, northeast of Hanoi City.
The carbon neutral project will use technology that is being tried for the first time in Vietnam. After sorting plastics from domestic waste, they are recycled into petroleum through the process of incineration and pyrolysis. It minimizes environmental pollution and secures additional carbon credits and plastic credits by reducing greenhouse gases, making it a technology that is more than twice as economical as incineration power generation.
For plastic pyrolysis emulsification, the recycled oil produced by applying the technology of Spain's JFJ company will be delivered to European bio refiners.
In particular, this project is more meaningful as it is the first project in Vietnam to receive EPS subsidies through the Japanese government's JCM (Joint Crediting Mechanism) program.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
HyFi, and sister company WPP Energy, have received a $33B USD priority project list for implementation for the Nation of Vietnam.
https://www.hyfi-corp.com/hyfi-and-sister-company-wpp-energy-have-received-a-33b-usd-priority-project-list-for-implementation-for-the-nation-of-vietnam/
GLTA
Bullish!
$BOPO BOPO $BOPO > ZILLA!
WOOFERHEAD
6 days ago
WPP Energy is Changing the $11 Trillion Energy Sector with Blockchain and Green Tech
https://decrypt.co/283471/wpp-energy-is-changing-the-11-trillion-energy-sector-with-blockchain-and-green-tech
Lisbon, Portugal, September 27th, 2024, Chainwire
WPP Energy, a Swiss company, has become one of the key players in the global renewable energy space since 2009. According to them, the global energy sector has grown substantially over the past decade, with energy consumption reaching new levels. As populations continue to develop and urbanize, energy demand will likely keep rising. However, this growth is not without its challenges.
In addition, the company states that despite the growing need for energy, the shift to clean energy sources could have been faster. Fossil fuels still make up most of the global energy supply. Meanwhile, solar and wind power have to deal with issues like inconsistent output and storage limitations. The high cost and constraints of large-scale energy storage, like batteries, have held back the wide-scale use of renewables in the energy industry.
Addressing these problems, Mr. Rafael Ben, the company's president, regularly speaks at international green energy conferences. WPP Energy intends to solve energy sector difficulties with the latest advancements in that industry.
WPP Energy uses modern energy and environmental technologies to provide affordable, efficient, and clean energy. The company also aims to nearly eliminate garbage landfills worldwide, solving two major issues at once.
WPP Energy's Innovative Approach
WPP Energy is making changes in the market with two innovative technologies: W2H2 and EcoFusion. These aim to overcome green energy adoption and waste management challenges by providing eco-friendly solutions.
W2H2 is still in R&D, but per the team, it has the potential to be a major step forward in hydrogen production. It uses water to generate on-site hydrogen to replace fossil fuels and cut CO2 and methane emissions. W2H2 removes the need for hydrogen storage, transport, and shipping, making it a safe and efficient solution.
EcoFusion, on the other hand, is already in use and converts waste like biomass and organic materials into a variety of green products. It processes garbage to create bio-synthetic wood, bio-charcoal, thermoelectric energy, organic fertilizer, and liquid bio-fuels. This method reduces pollution and offers sustainable alternatives to traditional materials and energy sources.
EcoFusion's bio-synthetic wood is an eco-friendly substitute for timber, and its bio-charcoal is a green fuel option. Thermoelectric energy from waste's heat is converted into a usable electricity source. Organic fertilizer supports plant growth naturally. EcoFusion also turns waste into valuable bio-fuels, like bio-oil and bio-diesel, with no leftovers or emissions.
WPP Energy has 25-year global exclusive licenses for patented technologies that convert water to hydrogen for clean power and transform waste into green energy. The company has partnerships with equipment makers, power plant builders, engineering firms, and over 36 authorized distributors, serving 50+ countries.
Connecting Renewable Energy and Crypto
The intersection of renewable energy and crypto presents a significant opportunity to enhance sustainability in both sectors. As the demand for clean energy grows, so does the need for innovative solutions that integrate blockchain with renewable resources.
WPP Energy is introducing a new approach to tokenomics with the WPP Token. It intends to be the first token linked to the value of hydrogen gas. The company's engineering teams are working to tie H2 production and reserves into the blockchain, adding a dynamic element to the token's market value.
The WPP Token will be accepted for purchasing WPP Energy products and paying for hydrogen at select future hydrogen stations. WPP Energy also aims to partner with several Web2 energy entities to promote the acceptance of WPP Token as a preferred payment solution, further expanding its utility and adoption. Moreover, token holders will have the opportunity to stake their WPP Tokens, allowing them to benefit from WPP Energy's potential global growth and other future developments in the ecosystem.
Plan for a Greener Future
WPP Energy is leading the global shift to clean energy. It addresses the energy sector's challenges with advanced technologies such as W2H2 and EcoFusion. With a solid global network of partners and distributors, WPP Energy is well-equipped to drive widespread adoption of its technologies and create a cleaner, greener future.
Integrating AI into its hydrogen production processes, WPP Energy is optimizing efficiency, reducing costs, and enhancing safety. The company's AI-driven approach extends to supply chain management and renewable energy integration, further solidifying its position as a clean energy leader. WPP Token, backed by physical hydrogen reserves, bridges the gap between traditional energy markets and decentralized finance, unlocking new opportunities for investors in the RWA space.
The WPP Token launch further shows WPP Energy's dedication to connecting real-world renewable energy and blockchain. It gives investors a unique opportunity to join this transformative journey. As the company keeps innovating and growing, it's set to play a major part in building a sustainable future for generations to come.
About WPP Energy
WPP Energy is changing the energy sector by developing innovative technologies that tackle the challenges of relying on fossil fuels. It offers sustainable alternatives to traditional energy sources through clean hydrogen production with W2H2 and waste-to-energy conversion with EcoFusion. These solutions are designed to work seamlessly with current infrastructure while greatly cutting emissions and waste.
GLTA
Bullish!
$BOPO BOPO $BOPO
WOOFERHEAD
1 week ago
WPP Partners with Lunar to Elevate Web3 Marketing Initiatives!
https://wppcoin.medium.com/wpp-partners-with-lunar-to-elevate-web3-marketing-initiatives-a415f2169e2c
We are thrilled to announce that Lunar, a global leader in advertising, has joined forces with WPP to redefine go-to-market strategies and accelerate growth within decentralized ecosystems. This dynamic collaboration brings together Lunar’s cutting-edge Web3 marketing expertise and WPP’s commitment to pioneering sustainable energy solutions.
As the world increasingly embraces sustainable energy, WPP is at the forefront of leveraging blockchain technology to build a decentralized hydrogen economy. By partnering with Lunar, WPP enhances its ability to deploy innovative strategies that not only drive market success but also support a greener, more sustainable future.
This strategic alliance marks a pivotal advancement toward our vision of a blockchain-powered hydrogen economy. Lunar’s profound knowledge of Web3 marketing and their unwavering dedication to sustainability make them the perfect partner to propel our green energy initiatives forward. Together, we are poised to lead the charge in creating impactful, environmentally responsible marketing campaigns that resonate globally and inspire meaningful change.
GLTA
Bullish
$BOPO BOPO $BOPO
WOOFERHEAD
1 week ago
The cost of clean energy shouldn't be high.
– and Hydrogen is key to a green future
But the dilemma is that traditional methods like SMR rely on fossil fuels, which:
1. Cause harmful emissions
2. Make sustainable Hydrogen production challenging
On top of that, its production cost is often too high.
Our W2H2 technology provides a potential solution:
? Produces Hydrogen from water
? Zero CO2 & CH4 emissions
? Safe, on-site production
? No storage is required
As a matter of fact, the team is integrating AI into W2H2 to enhance efficiency, continue to lower costs, and improve overall operations.
Now, renewable and affordable energy has a bright future.
The cost of clean energy shouldn't be high.
– and Hydrogen is key to a green future
But the dilemma is that traditional methods like SMR rely on fossil fuels, which:
1. Cause harmful emissions
2. Make sustainable Hydrogen production challenging
On top of that, its production… pic.twitter.com/FFmzyz8AJc— WPP ENERGY GmbH (@wpp_energy) September 26, 2024
Innovation leader in renewable energy and waste treatment since 2009
Now disrupting real world assets (RWA) & AI with $WPP token, backed by hydrogen production.
GLTA
Bullish
$BOPO BOPO $BOPO
WOOFERHEAD
1 week ago
Behind the 30 years of experience in renewable energy
The green industry is evolving rapidly, and at WPP, we're focused on practical solutions that meet these new demands.
One of the key technologies behind WPP is "W2H2" which produces hydrogen from water without relying on energy-intensive electrolysis.
With that in mind, we aim to address one of the biggest challenges in hydrogen production:
—making it more efficient, scalable, and cost-effective.
To take this further, our team is now harnessing AI-driven solutions to optimize the process and continuously improve W2H2.
On our way, we've executed 25 year global exclusive licenses, holding patented technologies that convert water to hydrogen and waste to green electricity.
Of course, having great technology is just part of the equation.
Seeing major companies like GE and Siemens invest heavily in hydrogen infrastructure shows us that our solutions are aligned with where the energy sector is headed.
Our reach extends to over 50 countries, where we’ve built strong relationships with leading manufacturers, engineering firms, and distributors.
This global network is crucial for deploying our technologies at scale, allowing us to address hydrogen production and global waste management challenges.
The long-term vision is clear:
Continue to build, own, and operate facilities that utilize our technologies to create sustainable, renewable energy solutions.
With that, WPP ENERGY is ready to meet the challenges of tomorrow’s energy needs.
Explore our website to learn more:
Behind the 30 years of experience in reviewable energy 🌍
The green industry is evolving rapidly, and at WPP, we're focused on practical solutions that meet these new demands.
One of the key technologies behind WPP is "W2H2" which produces hydrogen from water without relying on… pic.twitter.com/4ZTwjXqNlF— WPP ENERGY GmbH (@wpp_energy) September 23, 2024
GLTA
Bullish
$BOPO BOPO $BOPO
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