Thanks Red, great post! The total shares out is probably one of my biggest concerns about SGX. Easily one of the most picked on "legit" issues with the company.

I really appreciate this post for a few reasons, the first being the fact that you are constantly hammered by a few other posters and can turn around and still contribute this great analysis, for free I might add! Secondly, it helps me sleep better at night knowing how many of these shares are in somewhat more stable hands, with as many out as there are, and hopefully others will feel the same desire to hold a little longer. Will be interesting to see whether these larger holdings will continue to grow and also if any new bigger players try to get in on this...

Have a great weekend!

Goldhaven