I'm under the impression that there were only a VERY SMALL number of people who refused the allocated watches. More than expected decided to exercise the purchase option. Thus, perhaps, I would guess only a couple hundred to a few hundred pieces would be allocated to the drawing. Nevertheless. MB&F and even its new sub-brand M.A.D. Watches are both tiny manufacturers. M.A.D. Watches' products are actually assembled by the MB&F watchmakers! Even though it's really a modified Miyota movement, it's still a lot of work just to assemble, test, and QC hundreds of these watches.