This is a copy of my post on the chat today (15 April 2016). It is normally not my way of expressing my dissapointment in a company, but this company has no respect for shareholders and I want people to know that.

[MANAGEMENT SELF ENRICHMENT ALERT] On Monday INV Metals $INV announced a $3-million private placement at a price of $0.20. $INV closed at $0.29 before the weekend. There was a note in this announcement that insiders may acquire up to 4,942,097 shares. That is a third of the financing. It is interesting to note that the company still had $11.7 million in cash, no debt and a market cap of $9.8 million. 

The company said the financing "would allow the Company to get a head start on the bankable feasibility study." I found it a painful deal as an existing shareholder. But I decided to participate and tried to reach the company on Tuesday, Wednesday and Thursday. After numerous calls I finally got through and was asked to send an e-mail. Since the company mentioned in the release that it would close the placement by mid-April, I started calling again. Today I was informed that the placement was already fully subscribed. I asked management to lower their share amount and provide existing shareholders the chance to benefit from this deal as well. Unfortunately I was informed that this was not possible anymore. 

This is how this company deals with its shareholders. The share price closed at 0.48 today.