Re: [Rails-devel] Open 1835 bugs (was: Some questions regarding a new release)

[John D. G. <jd...@di...>]

Stefan Frey wrote:
> Erik,
> you are right: I have only checked that I have enough money available to buy 
> the 20% shares, forgot about the 50% markup.
> 
> Sorry for insisting on this, you were right both bugs are fixed.
> 
> Looking at test case B again  I realize that I do not really know how this
> case is correctly handled, so I am asking the 1835 rule lawyers:
> 
> This test case features player T3 is president of WT with 50% (20% president + 
> 3 10% shares) and player T1 has 50% too (20% double share + 3 10% shares).
> 
> It is T3 turn in a SR:
> 
> A) T3 sells 10, 20 or 30%:
> Here T3 swaps his president share with either 2 10% or 1 20% share of T1.
> All is correctly offered in Rails.
> 
> B) T3 sells 40 or 50%:
> T3 ends up with 10% or no share of WT.
> But what is the final portfolio of T1? Will the 20% share
> stay in his portfolio? 
> 
> This is the only available option in Rails for selling that amount in 
> ONE action.
> 
> However it is easy for player T3 to strip T1 of his 20% certificate if he uses 
> TWO actions in sequence.
> 
> First T3 sells 10% and swaps the president share for the 20% certificate and 
> then sells the remaining shares in a separate action.
> 
> Is that an allowed maneuver in 1835?
> 
> Stefan

Good question.  I would rule that it is not allowed, unless the sales take place
on two separate stock turns.