Ignore the brokers. TUI is HQ'd in Hannover and the Germans, unlike Little Britain, have opened their borders and people are planning overseas hols again.
LAGORCE. SNAP! I am so cash heavy now and have missed this rise. In my mind, BWTFDIK, this mini-rally will soon run out of steam when Q2 figures come out.
The net proceeds of the Placing will be used as follows:
· To strengthen the Company's balance sheet as the Company's Directors continue the search for an appropriate reverse takeover candidate; and
· To provide the Company with additional working capital.
Following the Placing, Motif Bio will have cash of approximately £815,000 which will provide the Company with sufficient working capital until February 2021. The Directors will continue to impose disciplined cost controls.