RE: somebody is looked after wonder who?? Those large severance packages for change of control, are a bonus to management for having multiplied the shareholders' investment, and a way of sharing the windfall with them when the company is bought out.
But when the change of control is in effect a disolution in lieu of bankrupcy, and the shareholders have only massive losses, large severance packages are routinely settled for pennies on the dollar. This was the case with Oremex Silver in 2008, and unlike Slam, they had a world class 43-101 deposit (50.8 million inferred ounces of silver).