sandy - no company ever does that. To set it at near 200% premium (as vast has done) is extremely unusual. There are plenty of bombed out aim miners that simply grant every year at what ever the hammered down price is.
the problem with the approach is the equity offered to us is likely to be very modest - more a token gesture. Plus if you sell now, you can't participate anyway.
Much as that smalley is a complete tit, i don't believe that £60k trade. At that time, there was little available and given the prices it is simply a rollover.
gaf - tiny market cap here - every possibility of here of eye watering gains. People said the same of eua and many others. When/if good news arrives, a proper rerate.