janti,Quite often the most simple answer is the correct one. In...

janti,

Quite often the most simple answer is the correct one. In this case, the most simple answer is that the UW picked up 20 million shares.

Your scenario is technically possible as Aka states. However it needs for the UW to have found at least 10 new investors to take up about 2 million each. Wow! what are the chances?

My vote is for the Uw still holding most of the shares.

If any reasonable number went out to existing large holders they would have had to give notice of their change but that hasn't taken place.

Another 850,000 sold today. The selling continues.Thats about 2.6 million in just under 4 days now. Always interesting to watch.