Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Turbodyne Technologies Inc. (TRBDF) -- Ignore unavailable to you. Want to Upgrade?

To: current trend who wrote (2839)	2/3/1999 2:06:00 AM
From: Mike C2	Read Replies (2) \| Respond to of 3458

WST Interview with Walt Ware 10/26/98 I received an automatic news report on another company that gave a URL for an interview from the Wall Street Transcript. Just for kicks I changed the address to see if I could get hold of Walt Ware's interview last October. Lo and behold: twst.com (You need Adobe Acrobat reader) One of my brokers said he'd received a copy of the interview and thought it was the best description of what the company is up to that he'd ever seen. Haven't reviewed it myself an

To: current trend who wrote (2839)	2/26/1999 9:40:00 PM
From: current trend	Read Replies (3) \| Respond to of 3458

What might the shorts who have covered possibly have known? From Yahoo #13720--- The short interest in TRBD decreased by 608,821 shares from the January report to the February report!!! Figures are below as well as the reporting rules for Nasdaq member firms. Between the final trade date (January 12th) and halt in trading on Nasdaq (January 20th) of TRBD, only 2,363,400 shares traded. If this report is accurate, over 25 percent of the shares traded were to cover short positions, even if no new short positions were opened. WOW! Information below from ViWes site. Turbodyne Technologies Inc. .....Shares Short..Ave Daily..Ratio 02/99.....883,209....27,254....32.41 01/99..1,492,030..470,727.....3.17 12/98..1,852,586..218,700.....8.47 11/98..1,959,585..333,675.....5.87 Publication Schedule for 1999 ...............Trade.....Settlement..Dissemation..Publication Dates January...01/12/99..01/15/99....01/27/99.....01/28/99 February.02/09/99..02/12/99....02/24/99.....02/25/99 **To calculate short interest in Nasdaq stocks, NASD member firms are instructed to report to the NASDR TS-Customer Advocacy & Quality Management Department, on a monthly basis, their short positions, for all accounts, in shares, warrants, units, ADRs, and convertible preferreds resulting from short sales. Once the short position reports are received by the Product Deployment and Support Department, the short interest is then compiled for each Nasdaq security. Nothing indicates that rules would not apply to situation where company stock is halted, and I believe that member firms would still have to accurately report numbers. There was a rumor out there which I paid little attention to at the time that ALLIED SIGNAL deal might be announced on January 22nd. If this information regarding the huge percentage covering of short positions is accurate, some of the shorts believed rumor and were desperately trying to cover as cheaply and quickly as possible before news was released. This may be off the wall but the conspiracy theorist in me wonders whether a short about to be hammered by his short position (Asensio?) would pull out all stops including bribery, extortion or whatever to convince one or more officials over at EASDAQ to halt shares of company. Someone has suggested that TRBD requested the NASDAQ halt after the EASDAQ halted stock. If this were the case, company perhaps did not want to allow a despised short to get off the hook so cheaply. What might the shorts who have covered possibly have known? jsjlaw ------------- CT