But with 3.2 volts I would bet there was much more than 300ma's going to the diode. I am powering SenKat's diode with 270ma's and the voltage is almost 2.9 volts. .3 volts will make a big difference. Also measuring current with a meter will be deceiving. Once everything is soldered up there can be a substantial increase in current. This is why I always recommend using a 1 ohm resister soldered in series with the circuit, and measuring the voltage across the resistor to get the current reading. It is much more accurate IMO than using a meter to measure current.