60% share ownership rule

[eddyln]

hi ian

in the rules it says, 'limit of share buying is 60%' if shares BOUGHT.

it also says you can exchange shares for privates.

it makes no mention of the 60% rule above for BUYING.

i think when we played it, you could end up with 80% or 100% of a
company this way.

in the current rules, i don't think it says that this IS ALLOWED.

i also don't think it says if, once done, you can retain the excess
shares over 60% forever, or if you have to sell them later.

clarification please?

ta

john b

[Ian D Wilson]

Hi John,   The rules only forbid going over 60% if you are buying a share (from the Pool or Company). There is no such restriction when exchanging a private (which is classed as a sell action). Also, there is no requirement to sell down to 60%, should you use this means to go over.   This raises an old problem with writing 18xx rules: how many non-rules do you put in, to negate "common practice" rules like this? I have put in a note about no fully-sold-at-end-of-SR, for example. Cheers, Ian D --- On Sat, 15/1/11, eddyln <john...@yahoo.com> wrote:

[john boocock]

hi ian

i think you need something in the rules to specifically say that you cannot buy to more than 60% of a company.

also, in the same rule, you need to say that if you get to more than 60% by 'private exchange', then that is ok, AND YOU NEED NOT SELL DOWN TO 60%.

this is so key to the game.....

john b

--- On Sun, 16/1/11, Ian D Wilson <ianwil...@btinternet.com> wrote: