RE:RE:Confusing letters ... WHO is the Shell company of Delbrook Delbrook never offered to buy out Rapier. Delbrook proposed a financing offer for $500,000 at 25 cents that had a covenant that restricted the company from raising any additional money from outside sources other than Delbrook. Considering they announced a $2.5 million exploration plan in september 2016 there's a good reason the company rejected it and never brought it to a vote - this was a financing not a takeover offer so there wouldnt have even been a vote.
Its hard to say management is worried about jobs considering the directors dont get paid any retainer fees for serving as directors and have been on the board for less than 2 years (excluding CEO) and the ceo has in the last 3 years did not take a salary on many occasions to live cash with the company
you should read the the company's letter where they fact-check every lie delbrook has claimed https://www.rapiergold.com/i/pdf/agm/17-03-17-RPR-Letter-to-Shareholders.pdf