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


To: Nathan Hansen who wrote (2860)2/16/1999 9:07:00 PM
From: Mike C2  Respond to of 3458
 
Halimi files 13-G Beneficial Ownership

check it out on Edgar

From the recent S-1
(2) Consists of (a) 3,250,000 escrow shares held in the name of March
Technologies Inc., a private company controlled by Mr. Halimi and
(b)200,000 shares of Common Stock reserved for issuance upon
exercise of stockoptions which are or will become
exercisable on or before September 30,1998.

SC13D
This Schedule discloses beneficial ownership of certain registered
equity securities. Any person or group of persons who acquire a
beneficial ownership of more than 5% of a class of registered equity
securities of certain issuers must file a Schedule 13D reporting such
acquisition together with certain other information within ten days
after such acquisition. Moreover, any material changes in the facts
set forth in the Schedule generally precipitates a duty to promptly
file an amendment on Schedule 13D.

SC13G
Schedule 13G is a much abbreviated version of Schedule 13D that is
only available for use by a limited category of "persons" (such as
banks,broker/dealers, and insurance companies) and even then only
when the securities were acquired in the ordinary course of business
and not with the purpose or effect of changing or influencing the
control of the issuer.

So what's happening here?
Something perfunctory?
A transfer out of escrow?
Something that should've happened before but didn't?

Help, please.

MikeC



To: Nathan Hansen who wrote (2860)2/17/1999 11:52:00 AM
From: StockDung  Read Replies (3) | Respond to of 3458
 
Great moments in TRBD message board history.

Message 6798519