TURBODYNE TACKLES ISSUE OF DELISTING.Byline: Ben Sullivan Daily News Staff Writer As part of an effort to get its shares reinstated on the Nasdaq stock exchange, Woodland Hills-based Turbodyne Technologies Inc. on Thursday Thursday: see week. issued a statement explaining why it was delisted. In February, Nasdaq halted trading in Turbodyne stock and earlier this week delisted the shares. 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. Turbodyne's press release, Nasdaq's Listing Qualifications Panel said it believed that the maker of aluminum automotive parts and pollution-control equipment had ``engaged in a pattern of issuing misleading and incomplete news releases.'' The panel also said that steps Turbodyne has since taken to prevent further mishaps do not ``remedy the problems identified by the staff of the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). , and the Panel (is) not convinced that the new procedures would be effective.'' Turbodyne in its statement Thursday said it disagrees with the panel's judgment and said it is working both to be reinstated on the Nasdaq main board 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 , to gain listing on the exchange's over-the-counter trading system The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. . |
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