Ref throws towel back out!

[Put Em' Up]

Anyone seen this before? As happened tonight when Graham Eark fought Katsidis, Earl was taking a beating and his corner threw in the towel only for the ref Mickey Vann to throw it back out and let the fight continue. Seconds later Earl knocked Katsidis down. Ive never seen a ref do this before and just wondered if anyone had?
Also I couldnt help thinking what if the worst had happened and Earl was seriously hurt after the incident, how would Mickey Vann have felt then?

It is more of a question on exactly who threw in the towel? (I did not see the fight) only the head cornerman can throw in the towel so if the second or the cut man did it then that is why the towel was thrown back out.

If it was the head corner man then Graham Earl lost the fight no matter what happened after the towel was tossed back out.

The only other explanation would be the old "Only the ref can stop the fight rule" but I am not sure if that applies to the towel being thrown in.

I may be wrong but that is always how I thought it worked.