UBS has now posted a new subst holding......unfortunately, they...

UBS has now posted a new subst holding......unfortunately, they have undone their last increase exactly.

27 July - holding 53.536m shares, or 12.51% of issue.

30 July - holding 67.161m shares, or 15.65% of issue!

6 August - holding 53.536m shares, or 12.51% of issue.

On the face of it, it would appear that whoever UBS was originally holding that parcel for, has withdrawn their pledge to make it available to whoever the UBS client is in the subst holder notices.

Any other takes on the situation?