Callan JMB raised about $1.5 million for growth plans, but issued new shares and warrants that could add more shares. The funding and added shares pull in different directions, so the filing does not change the company's outlook.
The cash gives Callan JMB money for growth plans, but the filing does not say what those plans will achieve. New shares give existing owners a smaller slice of the company, and warrants could add more shares later. These effects point in different directions.
Follow Callan JMB Inc. (CJMB) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for CJMB