NASDAQ REMOVES TURBODYNE FROM STOCK LISTINGS.Byline: Ben Sullivan Daily News Staff Writer Turbodyne Technologies Inc. said Monday Monday: see week. that its shares have been delisted by the Nasdaq stock exchange and that it will report significant losses for 1998. The manufacturer of aluminum automotive parts and pollution control equipment said Nasdaq's Listing Qualifications Panel had delisted its shares as of April 1, citing only the ``protection of public interest,'' according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Peter Weichselbraun, a spokesman for the company. Trading of Turbodyne shares has been frozen on Nasdaq since mid-February n. 1. the middle part of February. Noun 1. mid-February - the middle part of February period, period of time, time period - an amount of time; "a time period of 30 years"; "hastened the period of time of his recovery"; "Picasso's blue , when the exchange began investigating allegedly fraudulent The description of a willful act commenced with the Specific Intent to deceive or cheat, in order to cause some financial detriment to another and to engender personal financial gain. sales claims made by the firm about its pollution control equipment. Nasdaq began the inquiry after a similar investigation was undertaken by Easdaq, a European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. stock market on which Turbodyne shares were, and continue to be, traded. As recently as last week, Turbodyne officials appeared confident that Nasdaq would resume trading its stock, and Weichselbraun said he had no explanation for the Nasdaq decision. He also said Turbodyne is appealing the ruling and in the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile will try to get over-the-counter trading status for Turbodyne shares. In a separate announcement Monday, Turbodyne said it missed a filing deadline for its 1998 annual report, but that when the information is published the company will show a ``substantial net loss for the year.'' Turbodyne has filed with the Securities and Exchange for a two-week extension, which would give it until April 15 to publish the report. Weichselbraun said he could not guarantee the company would meet the later deadline. |
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