6/1/2007 1:58:25 PM
SANTA FE, N.M.--(BUSINESS WIRE)--On May 20, 2007, Yahoo! Finance posted an erroneous claim that CytoDyn, Inc. (Pink Sheets:CYDY) had filed for voluntary bankruptcy. The error was clearly inadvertent. Yahoo! had confused CytoDyn, Inc. a fully reporting Colorado corporation, with a privately held New Mexico corporation having a similar name. But the timing was especially inopportune. CytoDyn, Inc. had just opened a new private placement to refresh capital in anticipation of positive results from the Company’s initial study of its advanced DNA-based bird flu vaccine.
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