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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDED
SCHEDULE 13D
Under the Securities Exchange Act of 1934
POWER TECHNOLOGY, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
989447-10-7
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(CUSIP Number)
STEPHEN A. ZRENDA, JR., STEPHEN A. ZRENDA, JR., P.C., 100 NORTH BROADWAY,
SUITE 2100, OKLAHOMA CITY, OKLAHOMA 71302-8601; (405) 235-2111
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
MAY 12, 2000
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box / /.
Check the following box if a fee is being paid with the statement. / /
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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Exhibit Index on Page 6
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SCHEDULE 13D
CUSIP NO. 989447-10-7
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(1) Names of Reporting Persons.
S.S. or I.R.S. Identification Nos. of Above Persons
LEE A. BALAK
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
NOT APPLICABLE
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(3) SEC Use Only
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(4) Source of Funds*
PF
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(5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
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(6) Citizenship or Place of Organization
CANADA
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Number of Shares (7) Sole Voting Power
Beneficially Owned 4,734,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting Power
0
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(9) Sole Dispositive Power
4,734,000
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(10) Shared Dispositive Power
0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
4,734,000
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
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(13) Percent of Class Represented by Amount in Row (11)
30%
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(14) Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
3
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(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATIONS.
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ITEM 1. SECURITY AND ISSUER
This statement relates to the Common Stock, no par value (the "Common
Stock") of Power Technology, Inc., a Nevada corporation (the "Issuer"), which
has its principal executive offices at 1000 West Bonanza Road, Las Vegas,
Nevada 89106.
ITEM 2. IDENTITY AND BACKGROUND
This statement relates to the securities of the Issuer that were
acquired by Lee A. Balak ("Balak"). Balak, an individual. The principal
occupation of Balak is President of the Issuer, and is also a consultant. His
business address is 938 Howe Street, Suite 710, Vancouver, B.C., Canada V6Z
1N9.
Mr. Balak, has not, during the last five years, been convicted in any
criminal proceeding (excluding traffic violations or similar misdemeanors) or
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and, as a result of such proceeding, was or is subject
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
Mr. Balak is a citizen of Canada.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Mr. Balak originally acquired 3,500,000 shares of the Common Stock,
$.001 par value ("Common Stock") in regard to the reorganization of the
Issuer in January 1998. The purchase was made from the personal funds of
Balak, without loans or other financing arrangements.
Mr. Balak acquired 1,038,000 shares of restricted Common Stock of the
Corporation on December 22, 1999 as repayment of monies Mr. Balak had loaned
to the Corporation in the approximate amount of $235,000 plus accrued
interest of approximately $23,500, in the total amount of $258,500.
Mr. Balak acquired 200,000 shares of restricted Common Stock of the
Corporation as a bonus on December 31, 1999.
ITEM 4. PURPOSE OF TRANSACTION
The purpose of the acquisition of the securities of the Issuer by Balak
was for investment purposes.
(a) There are no current plans or proposals by Balak to acquire any
additional securities of the Issuer, or to dispose of any securities of the
Issuer.
(b) There are no current plans or proposals regarding an extraordinary
transaction, such as a merger, reorganization, or liquidation involving the
Issuer or its subsidiaries.
(c) There are no current plans or proposals involving a sale or
transfer of a material amount of the assets of the Issuer or its subsidiaries.
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(d) The Board of Directors of the Issuer has an authorized number of
four members. There are no present plans to change the total authorized
number of directors (4) on the Board of Directors, or to change their term of
office. No persons have been proposed or selected to serve as new directors
or officers at this time.
(e) There are no current plans or proposals to cause any material
change in the present capitalization or dividend policy of the Issuer.
(f) There are no current plans or proposals to makes material changes
in the Issuer's business or corporate structure.
(g) There are no current plans or proposals to make any changes in the
Issuer's charter, bylaws or similar instruments, or other actions that may
impede the acquisition of control of the Issuer by any person.
(h) There are no current plans or proposals to cause the Common Stock
of the Issuer to be delisted from the NASD electronic bulletin board.
(i) There are no current plans or proposals to cause the Common Stock
of the Issuer to become eligible for termination of registration pursuant to
Section 12(g)(4) of the Securities Exchange Act of 1934.
(j) There are no current plans or proposals regarding any action
similar to those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of the date hereof, Balak is the direct beneficial owner of
4,734,000 shares of the Common Stock of the Issuer.
(b) Balak has the sole power to vote and to dispose of the securities
of the Issuer described herein.
(c) No purchases or sales of the Common Stock of the Issuer have been
made by Balak during the past 60 days.
(d) To the best knowledge of Balak, no other person has the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, the securities beneficially owned Balak.
(e) Not Applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
There are no contracts, arrangements, understandings or relationships
(legal or otherwise) to the best of Balak's knowledge, concerning the
transfer or the voting of any securities of the Issuer, finder's fees, joint
ventures, loan or option arrangements, puts or calls, guarantees of profits,
division of profits or loss, or the giving or withholding of proxies
regarding the securities of the Issuer owned by Balak.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None
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SIGNATURE
After reasonable inquiry and to the best of his knowledge and belief, he
certifies that the information set forth in this statement is true, correct
and complete.
June 9, 2000 /s/ LEE A. BALAK
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Lee A. Balak
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EXHIBIT INDEX
None
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