No, that wouldn't work. I'd get very sore knees, it would be a bodge rather than getting a properly-fitting bike, and it wouldn't make that much difference as the overlap is so extreme, etc etc.
As Pluck says upthread, the geometry is very odd indeed and even if the toe overlap weren't so bad, I'd think twice about keeping the bike. There's no room for mudguards at all, and the whole frame just looks squashed and ill-thought-through.