I have the 303 thermovalve and have experienced the exact same issue of runaway inflation. Happened a first time after maybe a dozen dives without issue, and tested out of water to diagnose the problem. Seems the button doesn't recoil 100% back up, and lets gas slowly into the suit. I disassembled the valve expecting to find some grit/debris, but the valve components/orings were pristine. Cleaned, lubricated and reassembled. Problem disappeared for a few dives but then reoccurred in the middle of a dive. Had to disconnect inflator hose to stay down and complete the dive. Same exact problem of the button only coming back up 90+% of the way, barely visible but sufficient to leak. Haven't used since then (have a separate connector as backup) but have read on this board of another diver experiencing the exact same problem (on a thread about thermovalve options) and reporting it to Santi with no success. Could be a spring problem, poor tolerance, etc. Seems to unfortunately be an issue with the valve itself that no cleaning/servicing might remedy, and I stopped using it as it's clearly potentially dangerous. I suppose i should also attempt to contact Santi about it.