Hello again! Before flashing the BIOS I noticed 2 broken traces from the battery side!!!
Both are coming near KB connector (upper side) and following the traces from the bottom side of motherboard seems to get close to cache chips). Traces From the other side goes 1) to a chip SN54F244N (OCTAL BUFFERS/DRIVERS WITH 3-STATE OUTPUTS) and the second is unclear if ti goes to ext battery connector!!!
Motherboard stops at 80 post code while screen stays at "wait..."with current BIOS. I think its better to proceed with fixing those traces before attempt any further troubleshooting....