CytoDyn Registering 890,000 Shares.Business Editors/Health/Medical Writers SANTA FE Santa Fe, city, Argentina Santa Fe, city (1991 pop. 341,000), capital of Santa Fe prov., NE Argentina, a river port near the Paraná, with which it is connected by canal. , N.M.--(BUSINESS WIRE)--Feb. 19, 2004 CytoDyn, Inc. intends to register 890,000 shares for trading on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . This initial registration is intended to make a market for the company's shareholders. However, only about 30% of CytoDyn's shareholders will have stock freed up for trading when the registration is complete. CytoDyn expects the registered shares to represent 11% of the company's issued common stock. Due to investor demand, CytoDyn's initial private offering was oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously. and had to be extended. When the private offering is complete, the company will have issued 8,052,640 shares of its common stock. CytoDyn's principal products are a family of monoclonal antibodies for treating HIV/AIDS HIV/AIDS Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome . For more information take your browser to www.cytodyn.com |
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