Durect (DRRX)

[realfast95]

DRRX is a Short now. Not a long. There Q3 CC was BS.

10Q

Note 6. Stockholders’ Equity

During the three months ended September 30, 2017, the Company raised net proceeds (net of commissions) of approximately $4.7 million from the sale of 2,984,660 shares of the Company’s common stock in the open market at a weighted average price of $1.64 per share, through its Controlled Equity Offering sales agreement with Cantor Fitzgerald, entered into in November 2015 (Controlled Equity Offering). During the nine months ended September 30, 2017, the Company raised net proceeds (net of commission) of approximately $9.6 million from the sale of 6.6 million shares of common stock at a weighted average price of $1.49 per share in the open market through the Controlled Equity Offering. As of October 27, 2017, the Company had up to approximately

15

$20.3 million of common stock available for sale under the Controlled Equity Offering program and approximately $67.8 million of common stock available for sale under its shelf registration statement.