Turbodyne Shares Trade in Europe
From Wire Reports, Times Staff
Trading in shares of Woodland Hills-based Turbodyne Technologies resumed in Europe on Monday but remains suspended on Nasdaq pending that market’s request for “additional information” from the company.
Trading in the stock of the money-losing maker of pollution-control devices was halted Jan. 19 by Europe’s Easdaq market on concerns about certain news releases the company had issued.
Easdaq has since decided that Turbodyne did not “intentionally” mislead investors in those statements.
But Monday, the shares slid $1.26 to $4.09 on Easdaq.
Turbodyne shares were suspended by Nasdaq on Jan. 21, with the last trade at $5.34 a share. Turbodyne said it will meet with Nasdaq regulators Thursday regarding the suspension.
