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

To: Jack Russell who wrote (2937)	3/4/1999 5:09:00 PM
From: Mike C2	Read Replies (1) \| Respond to of 3458

Nasdaq extends hearing date to March 11 The company does not know if the Nasdaq will reopen trading on Monday along with the Easdaq or not. (per Mark White email this afternoon) I have heard that TRBD will have a press release to accompany the Easdaq resumption that the Easdaq has conferred it's blessing upon. If this release is what I hope it is, and the Nasdaq doesn't allow the U.S. exchange to trade, there are going to be some steaming mad shorts. When I first heard of this I emailed Nasdaq Marketwatch. This was their reply: >Thank you for your interest in The Nasdaq Stock Market, Inc. > We will forward your comments and concerns to NASD Regulation's Market >Regulation Dept, as well as Nasdaq's MarketWatch Department for their review. > >We have the ability to halt in conjunction with foreign markets, and that we >will resume trading in the US once we determine that the basis for the halt >no longer exists. This might mean that we will resume if the primary >exchange releases the halt, or it may also mean that we continue the halt >(even when the primary exchange resumes trading) if we believe that a basis under the NASD's trading halt rule exists for keeping the halt in place. >The latter situation may occur if news has not yet been fully distributed by >the company in the US market, or if Nasdaq requests information from the >issuer about the halt or the issuer's ability to meet Nasdaq >listing/qualification standards, and the issuer has not yet fully satisfied >Nasdaq's information request. > >Please note that we always attempt to protect investors and the market and >halt when necessary to fulfill these goals. > >Thanks again for your comments, > > >Maribel A. O'Brien >Senior Legal Assistant >Office of General Counsel >NASD Regulation, Inc. >125 Broad St.--36th Floor >New York, NY 10004 >(212) 858-5166 I don't think that's fair, and I told the Nasdaq that the two markets should be able to trade in tandem: reciprocal halt...reciprocal resumption. This is going to be a verrry interesting next few trading days. Mike