rico... completely agree.

Here is something to think about...

SGX is currrently doing an 11.3M share PP at 22 cents for $2.5M... as SGX now only has ~26M shares out, this PP alone would represent about 30% of the outstanding shares of SGX... likely higher on a fully-diluted basis as warrants also attached to this PP... that's a significant amount of the company to own for just $2.5M... isn't it?... SGX has filled about $500K of this but $2M remains to be filled...

Why wouldn't/shouldn't KXL invest in this PP (i.e. $2M)?... Or would SGX even let them?... If I was KXL I would certainly try. Thus far from SGX it does not sound like this PP is going to anyone 'exclusive' or is already closed. Sounds like they will give shares to anyone with a chequebook. Hope that's' not the case for such a large equity position in the company.

I will never understand this junior business... so much positioning and 'funny-business' goes on it's impossible to figure out what's 'really' going on IMO.

red911