Ann: Placement Raises $4M to Fund Growth Initiatives, page-31

I tend to think that some of these pump and CR events are the reverse of what is often postulated.

Ie:
It is often argued, why did management put a brake on the run by doing a CR.
The other argument is that the run was orchestrated to entice capital raise.

The third possibility, not nearly theorised as much as the other two is that:
- Parkway knew they weren't going to get more than 1.4c at a CR
- The strategic investor knew Parkway wasn't going to issue new shares for less than 1.4c
- Therefore the price starts running as that investor gets everything they can for under 1.4c. Once the price gets away from them (ie traders take over) they make a deal with the company. At this time the trading halt goes in and the announcement is made.

That is a natural (rather than manipulated) product of CR negotiations.

That said, it does not change the fact that the market may drift post CR (as analogies / history would suggest) allowing a savvy and uncommitted retail investor to take profit and buy back at a lower price. In that boat, I am partly with you (though still have, say, a half holding)

All IMO, please DYOR and GLTAH