So, are you saying that only 2.8M shares were sold to calvalley.  One thing that I want to add, all shares offered as part of the offer, were fulfilled at ±35%.  Thus, if your rationale is correct and only 2.8M shares were transferred to calvalley and that all offers were fulfilled at 35%, then Athos only offered 8.01 M shares x 35% = 2.8 M shares.  Let me know if my math is wrong