Yes, you made a big mistake by assuming pending draws as 19. The number of pending draws are at least 21
It's very simple Math: 300/365 * 26 = 21.36
People think two draws are done each month. No, 26 draws are expected each year which could be 2 in most months and three in two months.
Changing 19 to 21 will offset the shortfall you incorrectly computed.
Having said that, CRS cut-off can still come down to 440. However, people must stop expecting any change in the intake per draw or the the frequency of draws. They are ON TRACK to meet their target with the current speed.
Our fate rests on the future application flow, not on the changes expected from CIC.
I agree that I made a crude analysis, however, I also kept several issues, like what you raised, in my mind.
Let's assume pending draws are 21. Additionally, how do we know that the decline rate is only 10% and not 119%?
If the decline rate is 18%, they are still short of 7000 ITAs.
Now, let's dig a bit deep.
In the ideal case, expected number of draws = March (20), April (3, 17), May (1, 15, 29), June (12, 26), July (10, 24), August (7, 21), September (4, 18), October (2, 16, 30), November (13, 27), December (11, 25) = 21
Now, removing one draw from 25 December, expecting a 3-week draw in Jan 2020 due to Christmas holidays, makes it 20. This means 3350*20 =67000 (due with the frequency of 3350 ITAs in 20 draws)+ 17850 (already issued ITAs) = 84850 ITAs in 2019.
Keeping in mind that 86023 ITAs were issued to accommodate 71400 candidates in 2017, and 89800 ITAs were issued to accommodate 74900 candidates in 2018, do you think that they are going to issue only 84850 with the targeted intake of 81400 in 2019? I don't believe so.
Again, I, personally, suppose that there must be an increase in the number of ITAs unless there is/are no B2B draw/s.
In 2018 there were 25 draws; 3 in October and 2 each in remaining months. IRCC is very smart in managing the weeks, and this is how they managed two weeks in 2018-
Ist week: March 14, Wednesday (draw after 3 weeks), March 26 (12 days), Monday, and April 11 (16 days).
2nd week: June 13 (3 weeks gap), June 25 (12 days gap), and July 11 (16 days gap).
Furthermore, I didn't see that the candidates with crs score 443 or more were staying in the pool more than 4 draws. Take for example the draw on 15 October 2018 (CRS cut off 440) which was just after 12 days (Monday) to accommodates the candidates with the higher crs scores because previous cut off was 445, 3rd October.
I believe that the candidates who entered the pool with score mid to late 440s should get ITAs in next 4-5 draws. The timing, the first week of Feb 2019, might be bad but it was not in our hands.
Better luck buddies.
Suraj