Thank you for your thoughts.
Personally, I don't think it would the way to go in order for SGX to receive approval to get on the SGX. Getting the results they hope to get from the various properties/projects will enable them to get on the TSX proper even with more outstanding shares that they presently have. I have a company that I am invested in that did get on the TSX with over a half billion shares outstanding because they do have the goods in the ground.
Best regards,
Jerry
P.S. I know you were not endorsing that tactic for SGX and I am sure that companies have used it in the past in order to solidify approval to get on a bigger board.