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Hi Michael Seman,
I recommend you clearing the CMOS on your board by disconnecting all components and taking the battery out for about 20-30 minutes. If possible, do this process having the motherboard outside of the chassis.
Another good step I can recommend you is to test another monitor, power supply and cables in this way we can discard possible problems with other components.
I have disconnected everything except the power LED (even CPU fan). It still blinked.
The monitor is irrelevant, as it was not powering up, just stuck in standby state.
I also tried another power supply. I read somewhere else that this board should have an ATX 2.2 power supply, so I used a new power supply that complied. Finally put the board in another case, but no help.
When I removed it, I also checked to see if there might be any loose screws or such that might short out PCB tracks, but only a lot of dust.
So I concluded that the mainboard was defective. I removed the CPU and put it in another board, and the CPU is working.