1837 play-by-e-mail game "1837O15", in DEVOLUTION, started 9 Oct 2002 Players: John David Galt, jdg@diogenes.sacramento.ca.us (GM of this game) John "Frank" Meerbach, meerbach@sme.com.au ("Frank" in these reports) Tony Robbins, tony@hollowell.plus.com (publisher of DEVOLUTION) Neil Tomkinson, whiteroom@theasylum.force9.co.uk Map, rules, and other game material are at http://www.diogenes.sacramento.ca.us/1837.html In particular, I'm using Paul Work's translation of the rules. The game comes with a bank of 14168 Kronen. (Which determines the length of the game, since it goes until the bank breaks. I had to count my set, I don't think it gives this number in the rules.) Since this is a four player game, we each have 555K to start, and the certificate limit is 21. (These numbers appear on the original stock-market chart but I didn't include them on mine.) Initial seating order (by die roll): Tony (has Priority Deal), Frank, Neil, John. Stock Round 1: [I will use the term "Stock Round 1" for everything that precedes the first Operating Round, even if the round is passed out several times. Otherwise it could get very confusing.] T# Tony: Frank: Neil: John: 1 Pass Pass Pass Buy BB for 100. Pass Pass Pass Pass Pass Pass Pass Pass Buy EPP for 80. Pass Pass Pass 5 Pass Pass Pass Buy RGTE for 90. Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass 10 Pass Pass Pass Pass Buy EKT for 50. Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass 15 Pass Pass Pass Pass Pass Buy EOD for 50. Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass 20 Pass Buy Karawankenbahn and S2 for 140. Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass 25 Pass Pass Buy Arlbergbahn and S3 for 135. Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass 30 Buy Semmeringbahn and S1 for 110. Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass 35 Pass Buy EHS for 50. Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass 40 Pass Pass Buy SPB for 50. Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass 45 Pass Pass Pass Buy ZKB for 50. Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass 50 Pass Buy Tauernbahn for 110. Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass 55 Pass Pass Buy LRB for 50. Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Buy Karstbahn and S5 for 90. Pass Pass 60 Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Buy MLB for 50. 65 Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Buy Brennerbahn and S4 for 110. Pass Pass Pass Pass Pass 70 Pass Pass Pass Pass Pass Pass Pass Buy Wocheinerbahn for 100. (The starting packet becomes sold out at this point, making it possible for the round to be passed out.) Buy k1 for 90. Pass Buy k3 for 90. Pass Buy k2 for 140. Buy U1 presidency Buy U3 presidency Buy U1 second for 90. for 90. half for 90. 74 Pass Pass Pass Pass End of Stock Round 1. Tony has Priority Deal. Frank places the home station of S5 in Venice. There is no share-price adjustment at this point because no major companies have been formed yet. Status at the end of Stock Round 1: Player holdings: Player Shares Cert. Count Money Tony Semmeringbahn, EPP, EKT, S1, K1, K2 6 / 21 85 Frank Karawankenbahn, Karstbahn, Tauernbahn, EOD, EHS, S2, S5, U1 50%P 8 / 21 25 Neil Arlbergbahn, Brennerbahn, SPB, LRB, S3, S4, K3, U3 50%P 8 / 21 30 John Wocheinerbahn, RGTE, MLB, ZKB, BB, U1 50% 6 / 21 75 Company holdings: Comp Pres Station hexes #left Trains Treas Last Run Market Price EPP Tony E12 0 none 100 0 none RGTE John A14 0 none 100 0 none EOD Frank C20 0 none 100 0 none EKT Tony C22 0 none 100 0 none MLB John B33 0 none 100 0 none ZKB John J35 0 none 100 0 none SPB Neil K32 0 none 100 0 none LRB Neil L31 0 none 100 0 none BB John P21 0 none 100 0 none EHS Frank F27 0 none 100 0 none S1 Tony G18 0 none 90 0 none S2 Frank J17 0 none 90 0 none S3 Neil I8 0 none 90 0 none S4 Neil K6 0 none 90 0 none S5 Frank L9 0 none 90 0 none K1 Tony G18 0 none 90 0 none K2 Tony G18 0 none 140 0 none K3 Neil G18 0 none 90 0 none U1 Frank H23 0 none 180 0 none U3 Neil H23 0 none 180 0 none The Bank has 11823K remaining. 14 2-trains and 10 1G-trains remain to be sold. Two remaining shares of the Hungarian minor companies are now available for 90 each. Once those are sold out, shares of the ten major companies will become available. Operating Round 1: Private companies operate: Semmeringbahn pays 5 to Tony - Tony has 90. Karawankenbahn pays 25 to Frank Karstbahn pays 10 to Frank Tauernbahn pays 35 to Frank - Frank has 95. Arlbergbahn pays 20 to Neil Brennerbahn pays 15 to Neil - Neil has 65. Wocheinerbahn pays 30 to John - John has 105. Coal companies operate: EPP (Tony): Lays tile 3 in D11/se. Buys one 1G train. (EPP has 0.) RGTE (John): Lays tile 7 in B13/ne. Buys one 1G train. (RGTE has 0.) EOD (Frank): Lays tile 58 in D19/ne. Buys one 1G train. (EOD has 0.) EKT (Tony): Lays tile 3 in D23/ne. Buys one 1G train. (EKT has 0.) MLB (John): Lays tile 2 in C32/e. Buys one 1G train. (MLB has 0.) ZKB (John): Lays tile 401 in J37/nw. Buys one 1G train. (ZKB has 0.) SPB (Neil): Lays tile 8 in J31/w. Buys one 1G train. (SPB has 0.) LRB (Neil): Lays tile 4 in K30/se. Buys one 1G train. (LRB has 0.) BB (John): Lays tile 8 in O20/w. Buys one 1G train. (BB has 0.) EHS (Frank): Lays tile 57 in F29/sw. Buys one 1G train. (EHS has 0.) Minor companies operate: S1 (Tony): Lays tile 9 in H17/ne (no cost because Tony owns Semmeringbahn). Buys one 2 train. (S1 has 0.) S2 (Frank): Lays tile 9 in J15/e. Buys one 2 train. (S2 has 0.) S3 (Neil): Lays tile 201 in I8/w. Buys one 2 train. (S3 has 0.) S4 (Neil): Lays tile 57 in K6/sw (misordered as K5; this is its home hex, so it's the only possible build location this turn). Buys one 2 train. (S4 has 0.) S5 (Frank): Lays tile 57 in L9/sw. The bank is now out of Tile 57. Buys one 2 train. (S5 has 0.) K1 (Tony): Lays tile 402 in E18/se. Buys one 2 train. (K1 has 0.) K2 (Tony): Lays tile 9 in G16/e (costs 50K). (K2 has 90.) Buys one 2 train. (K2 has 0.) K3 (Neil): Lays tile 3 in F17/se. Buys one 2 train. (K3 has 0.) U1 (Frank): Lays tile 404 in H21/sw. Buys one 2 train. (U1 has 90.) U3 (Neil): Lays tile 2 in I24/se (costs 50K). (U3 has 130.) Buys one 2 train. (U3 has 40.) Status at the end of Operating Round 1: Player holdings: Player Shares Cert. Count Money Tony Semmeringbahn, EPP, EKT, S1, K1, K2 6 / 21 90 Frank Karawankenbahn, Karstbahn, Tauernbahn, EOD, EHS, S2, S5, U1 50%P 8 / 21 95 Neil Arlbergbahn, Brennerbahn, SPB, LRB, S3, S4, K3, U3 50%P 8 / 21 65 John Wocheinerbahn, RGTE, MLB, ZKB, BB, U1 50% 6 / 21 105 Company holdings: Comp Pres Station hexes #left Trains Treas Last Run Market Price EPP Tony E12 0 1G 0 0 none RGTE John A14 0 1G 0 0 none EOD Frank C20 0 1G 0 0 none EKT Tony C22 0 1G 0 0 none MLB John B33 0 1G 0 0 none ZKB John J35 0 1G 0 0 none SPB Neil K32 0 1G 0 0 none LRB Neil L31 0 1G 0 0 none BB John P21 0 1G 0 0 none EHS Frank F27 0 1G 0 0 none S1 Tony G18 0 2 0 0 none S2 Frank J17 0 2 0 0 none S3 Neil I8 0 2 0 0 none S4 Neil K6 0 2 0 0 none S5 Frank L9 0 2 0 0 none K1 Tony G18 0 2 0 0 none K2 Tony G18 0 2 0 0 none K3 Neil G18 0 2 0 0 none U1 Frank H23 0 2 90 0 none U3 Neil H23 0 2 40 0 none The Bank has 13683K remaining. 4 2-trains remain to be sold. (No more goods trains are available until after the first 3-train is purchased.) Two remaining shares of the Hungarian minor companies are now available for 90 each. Once those are sold out, shares of the ten major companies will become available. Stock Round 2: Tony: Buy U2 for 90. (Tony has 0.) Frank: Buy U3 second half for 90. (Frank has 5.) At this point, shares of the ten major companies become available from the initial offering. The shares available are KK for 120, Sd for 142, Ug for 175, or the presidency of a new major company (for twice the par value to be set by the purchaser, so the 20% president's certificate will cost a minimum of 140 and a maximum of 208). No one has more than 105 cash, and no one owns a share that can be sold, so we all have to pass and the stock round is over. Neil has Priority Deal. There is no share-price adjustment at this point because no major companies have been formed yet. Status at the end of Stock Round 2: Player holdings: Player Shares Cert. Count Money Tony Semmeringbahn, EPP, EKT, S1, K1, K2, U2 7 / 21 0 Frank Karawankenbahn, Karstbahn, Tauernbahn, EOD, EHS, S2, S5, U1 50%P, U3 50% 9 / 21 5 Neil Arlbergbahn, Brennerbahn, SPB, LRB, S3, S4, K3, U3 50%P 8 / 21 65 John Wocheinerbahn, RGTE, MLB, ZKB, BB, U1 50% 6 / 21 105 Company holdings: Comp Pres Station hexes #left Trains Treas Last Run Market Price EPP Tony E12 0 1G 0 0 none RGTE John A14 0 1G 0 0 none EOD Frank C20 0 1G 0 0 none EKT Tony C22 0 1G 0 0 none MLB John B33 0 1G 0 0 none ZKB John J35 0 1G 0 0 none SPB Neil K32 0 1G 0 0 none LRB Neil L31 0 1G 0 0 none BB John P21 0 1G 0 0 none EHS Frank F27 0 1G 0 0 none S1 Tony G18 0 2 0 0 none S2 Frank J17 0 2 0 0 none S3 Neil I8 0 2 0 0 none S4 Neil K6 0 2 0 0 none S5 Frank L9 0 2 0 0 none K1 Tony G18 0 2 0 0 none K2 Tony G18 0 2 0 0 none K3 Neil G18 0 2 0 0 none U1 Frank H23 0 2 90 0 none U2 Tony K22 0 none 90 0 none U3 Neil H23 0 2 40 0 none The Bank has 13773K remaining. 4 2-trains remain to be sold. (No more goods trains are available until after the first 3-train is purchased.) Operating Round 2: Private companies operate: Semmeringbahn pays 5 to Tony - Tony has 5. Karawankenbahn pays 25 to Frank Karstbahn pays 10 to Frank Tauernbahn pays 35 to Frank - Frank has 75. Arlbergbahn pays 20 to Neil Brennerbahn pays 15 to Neil - Neil has 100. Wocheinerbahn pays 30 to John - John has 135. Coal companies operate: EPP (Tony): Lays tile 8 in D13/w. Runs E12-D11 for 10 (plus mine of 30). Pays 5 to Tony (Tony has 10), 35 to treasury (EPP has 35). RGTE (John): Lays tile 8 in B11/se. Runs A14-A12-C12 for 30 (plus mine of 30). Pays 15 to John (John has 150), 45 to treasury (RGTE has 45). EOD (Frank): Lays tile 8 in D17/e. Runs C20-D19 for 10 (plus mine of 20). Pays 5 to Frank (Frank has 80), 25 to treasury (EOD has 25). EKT (Tony): Lays tile 401 in C24/sw. Runs C22-D23-C24 for 40 (plus mine of 25). Pays 20 to Tony (Tony has 30), 45 to treasury (EKT has 45). MLB (John): Lays tile 7 in B31/sw. Runs B33-C32 for 10 (plus mine of 20). Pays 5 to John (John has 155), 25 to treasury (MLB has 25). ZKB (John): Lays tile 7 in I36/sw. Runs J35-J37-J35 for 40 (plus mine of 25). Pays 20 to John (John has 175), 45 to treasury (ZKB has 45). SPB (Neil): Lays tile 404 in J29/e. Runs K32-J29 for 20 (plus mine of 20). Pays 10 to Neil (Neil has 110), 30 to treasury (SPB has 30). LRB (Neil): Lays tile 402X in J27/e. Runs L31-K30-J29 for 30 (plus mine of 25). Pays 15 to Neil (Neil has 125), 40 to treasury (LRB has 40). BB (John): Lays tile 8 in N17/w. Runs P21-O18-N15 for 20 (plus mine of 35). Pays 10 to John (John has 185), 45 to treasury (BB has 45). EHS (Frank): Lays tile 7 in E30/sw. Runs F27-G28-F29 for 30 (plus mine of 20). Pays 15 to Frank (Frank has 95), 35 to treasury (EHS has 35). Minor companies operate: S1 (Tony): Lays tile 5 in I16/e. Runs G18-I16 for 60. Pays 30 to Tony (Tony has 60), 30 to treasury (S1 has 30). S2 (Frank): Lays tile 2 in J13/sw (no cost because Frank owns Karawankenbahn). The bank is now out of Tile 2. Runs J17-J13 for 40. Pays 20 to Frank (Frank has 115), 20 to treasury (S2 has 20). S3 (Neil): Lays tile 9 in I6/e (no cost because Neil owns Arlbergbahn). Runs I8-I4 for 50. Pays 25 to Neil (Neil has 150), 25 to treasury (S3 has 25). S4 (Neil): Lays tile 9 in J7/sw (no cost because Neil owns Brennerbahn). Runs K6-I8 for 50. Pays 25 to Neil (Neil has 175), 25 to treasury (S4 has 25). S5 (Frank): Lays tile 4 in K10/sw. Runs L9-K10 for 30. Pays 15 to Frank (Frank has 130), 15 to treasury (S5 has 15). K1 (Tony): Lays tile 4 in E16/e. Runs G18-F19 for 50. Pays 25 to Tony (Tony has 85), 25 to treasury (K1 has 25). K2 (Tony): Tile 404 in G14/ne. Runs G18-G14 for 60. Pays 30 to Tony (Tony has 115), 30 to treasury (K2 has 30). K3 (Neil): No tile lay (would cost 50). Runs G18-F17 for 50. Pays 25 to Neil (Neil has 200), 25 to treasury (K3 has 25). U1 (Frank): Lays tile 3 in G24/sw (costs 50K). (U1 has 40.) Runs H23-H21 for 60. Pays 15 to Frank (Frank has 145), 15 to John (John has 200), and 30 to treasury (U1 has 70). U2 (Tony): Lays tile 9 in J21/se. Buys one 2 Train. (U2 has 0.) U3 (Neil): Lays tile 4 in J25/nw. Runs H23-I24 for 50. Pays 12 to Neil (Neil has 212), 12 to Frank (Frank has 157), and 25 to treasury (U3 has 65). Status at the end of Operating Round 2: Player holdings: Player Shares Cert. Count Money Tony Semmeringbahn, EPP, EKT, S1, K1, K2, U2 7 / 21 115 Frank Karawankenbahn, Karstbahn, Tauernbahn, EOD, EHS, S2, S5, U1 50%P, U3 50% 9 / 21 157 Neil Arlbergbahn, Brennerbahn, SPB, LRB, S3, S4, K3, U3 50%P 8 / 21 212 John Wocheinerbahn, RGTE, MLB, ZKB, BB, U1 50% 6 / 21 200 Company holdings: Comp Pres Station hexes #left Trains Treas Last Run Market Price EPP Tony E12 0 1G 35 10 none RGTE John A14 0 1G 45 30 none EOD Frank C20 0 1G 25 10 none EKT Tony C22 0 1G 45 40 none MLB John B33 0 1G 25 10 none ZKB John J35 0 1G 45 40 none SPB Neil K32 0 1G 30 20 none LRB Neil L31 0 1G 40 30 none BB John P21 0 1G 45 20 none EHS Frank F27 0 1G 35 30 none S1 Tony G18 0 2 30 60 none S2 Frank J17 0 2 20 40 none S3 Neil I8 0 2 25 50 none S4 Neil K6 0 2 25 50 none S5 Frank L9 0 2 15 30 none K1 Tony G18 0 2 25 50 none K2 Tony G18 0 2 30 60 none K3 Neil G18 0 2 25 50 none U1 Frank H23 0 2 70 60 none U2 Tony K22 0 2 0 0 none U3 Neil H23 0 2 65 50 none The Bank has 12784K remaining. 3 2-trains remain to be sold. (No more goods trains are available until after the first 3-train is purchased.) Stock Round 3: Neil: Buy presidency of Siebensburgische Bahn (SB), setting par at 80. (Neil has 52.) John: Pass. Tony: Pass. Frank: Buy presidency of Moravian-Silesian (MS), setting par at 75. (Frank has 7.) Neil: Pass. John: Pass. Tony: Pass. Frank: Pass. The stock round is over; Neil still has Priority Deal. There is no share-price adjustment at this point because no major companies have been formed yet. Status at the end of Stock Round 3: Player holdings: Player Shares Cert. Count Money Tony Semmeringbahn, EPP, EKT, S1, K1, K2, U2 7 / 21 115 Frank Karawankenbahn, Karstbahn, Tauernbahn, EOD, EHS, S2, S5, U1 50%P, U3 50%, MS 20%P 10 / 21 7 Neil Arlbergbahn, Brennerbahn, SPB, LRB, S3, S4, K3, U3 50%P, SB 20%P 9 / 21 52 John Wocheinerbahn, RGTE, MLB, ZKB, BB, U1 50% 6 / 21 200 Company holdings: Comp Pres Station #Sta Trains Treas Last Par Market hexes left Run Value Value EPP Tony E12 0 1G 35 10 none none RGTE John A14 0 1G 45 30 none none EOD Frank C20 0 1G 25 10 none none EKT Tony C22 0 1G 45 40 none none MLB John B33 0 1G 25 10 none none ZKB John J35 0 1G 45 40 none none SPB Neil K32 0 1G 30 20 none none LRB Neil L31 0 1G 40 30 none none BB John P21 0 1G 45 20 none none EHS Frank F27 0 1G 35 30 none none S1 Tony G18 0 2 30 60 none none S2 Frank J17 0 2 20 40 none none S3 Neil I8 0 2 25 50 none none S4 Neil K6 0 2 25 50 none none S5 Frank L9 0 2 15 30 none none K1 Tony G18 0 2 25 50 none none K2 Tony G18 0 2 30 60 none none K3 Neil G18 0 2 25 50 none none U1 Frank H23 0 2 70 60 none none U2 Tony K22 0 2 0 0 none none U3 Neil H23 0 2 65 50 none none Ug -- (H23,K22,H23) (0) none (875) 0 175 unfloated Sd -- (G18,J17,I8,K6) (1) none (710) 0 142 unfloated KK -- (G18,G18,G18) (0) none (840) 0 120 unfloated SB Neil (J37) (2) none (640) 0 80 (3 to float) MS Frank (E18) (2) none (600) 0 75 (3 to float) The Bank has 12934K remaining. 3 2-trains remain to be sold. (No more goods trains are available until after the first 3-train is purchased.) Operating Round 3: Private companies operate: Semmeringbahn pays 5 to Tony - Tony has 120. Karawankenbahn pays 25 to Frank Karstbahn pays 10 to Frank Tauernbahn pays 35 to Frank - Frank has 77. Arlbergbahn pays 20 to Neil Brennerbahn pays 15 to Neil - Neil has 87. Wocheinerbahn pays 30 to John - John has 230. Coal companies operate: EPP (Tony): Lays tile 58 in E14/e. Runs E12-D11-E14-E16-E18-F19 for 60 (plus mine of 30). Pays 30 to Tony (Tony has 150), 60 to treasury (EPP has 95). RGTE (John): Lays tile 9 in C14/w. Runs A14-A12-C12 for 30 (plus mine of 30). Pays 15 to John (John has 245), 45 to treasury (RGTE has 90). EOD (Frank): Lays tile 58 in C16/w. Runs C20-D19-C16-C12-A12 for 50 (plus mine of 20). Pays 25 to Frank (Frank has 102), 45 to treasury (EOD has 70). EKT (Tony): Lays tile 9 in D25/se. Runs C22-D23-C24 for 40 (plus mine of 25). Pays 20 to Tony (Tony has 170), 45 to treasury (EKT has 90). MLB (John): Lays tile 7 in C30/e. Runs B33-C32-C32 for 20 (plus mine of 20). Pays 10 to John (John has 255), 30 to treasury (MLB has 55). ZKB (John): Lays tile 4 in I34/se. Runs J35-J37-J35-I34 for 50 (plus mine of 25). Pays 25 to John (John has 280), 50 to treasury (ZKB has 95). SPB (Neil): Lays tile 58 in I28/w. (This was done retroactively by common consent after a misunderstanding about goods-train runs.) Runs K32-J29-I28 for 30 (plus mine of 20). Pays 15 to Neil (Neil has 102), 35 to treasury (SPB has 65). LRB (Neil): No tile lay (would cost 50). Runs L31-K30-J29 for 30 (plus mine of 25). Pays 15 to Neil (Neil has 117), 40 to treasury (LRB has 80). BB (John): Lays tile 7 in M16/w. Runs P21-O18-N15-M14 for 30 (plus mine of 35). Pays 15 to John (John has 295), 50 to treasury (BB has 95). EHS (Frank): Lays tile 58 in F31/e. Runs F27-G28-F29-F31 for 40 (plus mine of 20). Pays 20 to Frank (Frank has 122), 40 to treasury (EHS has 75). Minor companies operate: S1 (Tony): Lays tile 8 in I18/ne. Runs G18-I16 for 60. Pays 30 to Tony (Tony has 200), 30 to treasury (S1 has 60). S2 (Frank): Lays tile 58 in K16/nw (no cost because Frank owns Karstbahn). Runs J17-J13 for 40. Pays 20 to Frank (Frank has 142), 20 to treasury (S2 has 40). S3 (Neil): No tile lay (blocked by S4 token). Runs I8-I4 for 50. Pays 25 to Neil (Neil has 142), 25 to treasury (S3 has 50). S4 (Neil): Lays tile 8 in L5/ne. Runs K6-I8 for 50. Pays 25 to Neil (Neil has 167), 25 to treasury (S4 has 50). S5 (Frank): Lays tile 8 in M8/ne. Runs L9-K10 for 30. Pays 15 to Frank (Frank has 157), 15 to treasury (S5 has 30). K1 (Tony): No tile lay (blocked). Runs G18-F19 for 50. Pays 25 to Tony (Tony has 225), 25 to treasury (K1 has 50). K2 (Tony): Lays tile 8 in H13/ne. Runs G18-G14 for 60. Pays 30 to Tony (Tony has 255), 30 to treasury (K2 has 60). K3 (Neil): No tile lay (would cost 50). Runs G18-F17 for 50. Pays 25 to Neil (Neil has 192), 25 to treasury (K3 has 50). U1 (Frank): Lays tile 8 in H25/e. Runs H23-H21 for 60. Pays 15 to Frank (Frank has 172), 15 to John (John has 310), 30 to treasury (U1 has 100). Buys a 2 Train (U1 has 10). U2 (Tony): Lays tile 8 in I20/se. Runs K22-H21 for 50. Pays 25 to Tony (Tony has 280), 25 to treasury (U2 has 25). U3 (Neil): Lays tile 58 in I22/se. Runs H23-I24 for 50. Pays 12 to Neil (Neil has 204), 12 to Frank (Frank has 184), 25 to treasury (U3 has 90). Buys a 2 Train (U3 has 0). Status at the end of Operating Round 3: Player holdings: Player Shares Cert. Count Money Tony Semmeringbahn, EPP, EKT, S1, K1, K2, U2 7 / 21 280 Frank Karawankenbahn, Karstbahn, Tauernbahn, EOD, EHS, S2, S5, U1 50%P, U3 50%, MS 20%P 10 / 21 184 Neil Arlbergbahn, Brennerbahn, SPB, LRB, S3, S4, K3, U3 50%P, SB 20%P 9 / 21 204 John Wocheinerbahn, RGTE, MLB, ZKB, BB, U1 50% 6 / 21 310 Company holdings: Comp Pres Station #Sta Trains Treas Last Par Market hexes left Run Value Value EPP Tony E12 0 1G 95 60 none none RGTE John A14 0 1G 90 30 none none EOD Frank C20 0 1G 70 50 none none EKT Tony C22 0 1G 90 40 none none MLB John B33 0 1G 55 20 none none ZKB John J35 0 1G 95 50 none none SPB Neil K32 0 1G 65 30 none none LRB Neil L31 0 1G 80 30 none none BB John P21 0 1G 95 30 none none EHS Frank F27 0 1G 75 40 none none S1 Tony G18 0 2 60 60 none none S2 Frank J17 0 2 40 40 none none S3 Neil I8 0 2 50 50 none none S4 Neil K6 0 2 50 50 none none S5 Frank L9 0 2 30 30 none none K1 Tony G18 0 2 50 50 none none K2 Tony G18 0 2 60 60 none none K3 Neil G18 0 2 50 50 none none U1 Frank H23 0 2,2 10 60 none none U2 Tony K22 0 2 25 50 none none U3 Neil H23 0 2,2 0 50 none none Ug -- (H23,K22,H23) (0) none (875) 0 175 unfloated Sd -- (G18,J17,I8,K6) (1) none (710) 0 142 unfloated KK -- (G18,G18,G18) (0) none (840) 0 120 unfloated SB Neil (J37) (2) none (640) 0 80 (3 to float) MS Frank (E18) (2) none (600) 0 75 (3 to float) The Bank has 11955K remaining. 1 2-train remains to be sold. (No more goods trains are available until after the first 3-train is purchased.) Stock Round 4: All purchases this round are from the initial offering, because the only things that a player can sell are shares of major companies that have operated, and no major company has floated yet. Neil: Buy one share of MS for 75. (Neil has 129.) John: Buy presidency of Bohemian Commerce Railway (BK), setting par at 70. (John has 170.) Tony: Buy one share of BK for 70. (Tony has 210.) Frank: Buy one share of MS for 75. (Frank has 109.) Neil: Buy one share of BK for 70. (Neil has 59.) John: Buy one share of BK for 70, floating the BK. (John has 100.) Tony: Buy one share of BK for 70. (Tony has 140.) Frank: Buy one share of BK for 70. (Frank has 39.) Neil: Pass. John: Buy one share of MS for 75, floating the MS. (John has 25.) All pass. Tony has Priority Deal. MS and BK have floated and are now given their treasuries. Both still have shares in the Initial Offering, so no adjustment of share prices occurs. Status at the end of Stock Round 4: Player holdings: Player Shares Cert. Count Money Tony Semmeringbahn, EPP, EKT, S1, K1, K2, U2, BK 20% 9 / 21 140 Frank Karawankenbahn, Karstbahn, Tauernbahn, EOD, EHS, S2, S5, U1 50%P, U3 50%, MS 30%P, BK 10% 12 / 21 39 Neil Arlbergbahn, Brennerbahn, SPB, LRB, S3, S4, K3, U3 50%P, MS 10%, BK 10%, SB 20%P 11 / 21 59 John Wocheinerbahn, RGTE, MLB, ZKB, BB, U1 50%, MS 10%, BK 30%P 9 / 21 25 Company holdings: Comp Pres Station #Sta Trains Treas Last Par Market hexes left Run Value Value EPP Tony E12 0 1G 95 60 none none RGTE John A14 0 1G 90 30 none none EOD Frank C20 0 1G 70 50 none none EKT Tony C22 0 1G 90 40 none none MLB John B33 0 1G 55 20 none none ZKB John J35 0 1G 95 50 none none SPB Neil K32 0 1G 65 30 none none LRB Neil L31 0 1G 80 30 none none BB John P21 0 1G 95 30 none none EHS Frank F27 0 1G 75 40 none none S1 Tony G18 0 2 60 60 none none S2 Frank J17 0 2 40 40 none none S3 Neil I8 0 2 50 50 none none S4 Neil K6 0 2 50 50 none none S5 Frank L9 0 2 30 30 none none K1 Tony G18 0 2 50 50 none none K2 Tony G18 0 2 60 60 none none K3 Neil G18 0 2 50 50 none none U1 Frank H23 0 2,2 10 60 none none U2 Tony K22 0 2 25 50 none none U3 Neil H23 0 2,2 0 50 none none MS Frank E18 2 none 600 0 75 75 (row 6) BK John C12 2 none 560 0 70 70 (row 7) Ug -- (H23,K22,H23) (0) none (875) 0 175 unfloated Sd -- (G18,J17,I8,K6) (1) none (710) 0 142 unfloated KK -- (G18,G18,G18) (0) none (840) 0 120 unfloated SB Neil (J37) (2) none (640) 0 80 (3 to float) Bank Pool: empty. The Bank has 11510K remaining. 1 2-train remains to be sold. (No more goods trains are available until after the first 3-train is purchased.) Operating Round 4: Coal company exchange decisions are made in the order the major companies will operate, then clockwise starting with each major company president. EOD into MS (Frank): Yes. MS now has 670 treasury and a 1G train. EKT into MS (Tony): No. RGTE into BK (John): Yes. BK now has 650 treasury and a 1G train. EPP into BK (Tony): No. Private companies operate: Semmeringbahn pays 5 to Tony - Tony has 145. Karawankenbahn pays 25 to Frank Karstbahn pays 10 to Frank Tauernbahn pays 35 to Frank - Frank has 109. Arlbergbahn pays 20 to Neil Brennerbahn pays 15 to Neil - Neil has 94. Wocheinerbahn pays 30 to John - John has 55. Coal companies operate: EPP (Tony): No tile lay (blocked). Runs E12-D11-E14-E16-E18 for 50 (plus mine of 30). Pays 25 to Tony (Tony has 170), 55 to treasury (EPP has 150). EKT (Tony): Lays tile 58 in E26/e (costs 70K). (EKT has 20.) Runs C22-D23-C24-E26 for 50 (plus mine of 25). Pays 25 to Tony (Tony has 195), 50 to treasury (EKT has 70). MLB (John): Lays tile 202 in C34/se. Runs B33-C32-C32-C34 for 50 (plus mine of 20). Pays 25 to John (John has 80), 45 to treasury (MLB has 100). ZKB (John): Lays tile 9 in H33/se (costs 70K). (ZKB has 25.) Runs J35-J37-J35-I34 for 50 (plus mine of 25). Pays 25 to John (John has 105), 50 to treasury (ZKB has 75). SPB (Neil): Lays tile 9 in I26/e (costs 50K). (SPB has 15.) Runs K32-J29-I28-I24 for 40 (plus mine of 20). Pays 20 to Neil (Neil has 114), 40 to treasury (SPB has 55). LRB (Neil): Lays tile 7 in K26/ne (costs 50K). (LRB has 30.) Runs L31-K30-J29 for 30 (plus mine of 25). Pays 15 to Neil (Neil has 129), 40 to treasury (LRB has 70). BB (John): Lays tile 7 in L15/w (costs 70K). (BB has 25.) Runs P21-O18-N15-M14 for 30 (plus mine of 35). Pays 15 to John (John has 120), 50 to treasury (BB has 75). EHS (Frank): Lays tile 3 in hex F33/w. Runs F27-G28-F29-F31-F33 for 50 (plus mine of 20). Pays 25 to Frank (Frank has 134), 45 to treasury (EHS has 120). Minor companies operate: S1 (Tony): Lays tile 69 in H19/nw. Runs G18-I16 for 60. Pays 30 to Tony (Tony has 225), 30 to treasury (S1 has 90). S2 (Frank): Lays tile 401 in L13/e. Runs J17-J13 for 40. Pays 20 to Frank (Frank has 154), 20 to treasury (S2 has 60). S3 (Neil): No tile lay (blocked). Runs I8-I4 for 50. Pays 25 to Neil (Neil has 154), 25 to treasury (S3 has 75). S4 (Neil): Lays tile 202 in L3/nw. Runs K6-L3 for 50. Pays 25 to Neil (Neil has 179), 25 to treasury (S4 has 75). S5 (Frank): Tile 4 in hex M6/e. Runs L9-M6 for 30. Pays 15 to Frank (Frank has 169), 15 to treasury (S5 has 45). K1 (Tony): No tile lay (blocked). Runs G18-F19 for 50. Pays 25 to Tony (Tony has 250), 25 to treasury (K1 has 75). K2 (Tony): Lays tile 201 in H11/e. Runs G18-G14 for 60. Pays 30 to Tony (Tony has 280), 30 to treasury (K2 has 90). K3 (Neil): No tile lay (would cost 50). Runs G18-F17 for 50. Pays 25 to Neil (Neil has 204), 25 to treasury (K3 has 75). U1 (Frank): Lays tile 9 in H29/w. Runs H23-H21 and H23-G22 for 110. Pays 27 to Frank (Frank has 196), 27 to John (John has 147), and 55 to treasury (U1 has 65). U2 (Tony): No tile lay (would cost 50). Runs K22-H21 for 50. Pays 25 to Tony (Tony has 305), 25 to treasury (U2 has 50). U3 (Neil): No tile lay (would cost 50). Runs H23-I22 and H23-I24 for 100. Pays 25 to Neil (Neil has 229), 25 to Frank (Frank has 221), and 50 to treasury (U3 has 50). Major companies operate: MS (Frank): No tile lay (blocked). Runs E12-D11-E14-E16-E18-F19 for 60 (plus mine of 30). Pays full dividends: 24 to Frank (Frank has 245), 6 to Neil (Neil has 235), 6 to John (John has 153), and 30 to treasury (MS has 700). Share price moves right to 78. Buys a 2 train (for 90) and a 3 train (for 180). (MS has 430.) A phase change occurs, with these effects: * Green tiles are available. * 2G trains are available. * Companies may purchase trains from other companies. * The light yellow area in Bosnia-Herzegovina is now open for tile laying. * The train limit for major corporations is reduced to three. (No company currently exceeds this new limit, so no trains are discarded.) * Beginning next stock round, two operating rounds will follow each stock round. BK (John): Lays tile 406 in C12/se. Runs A14-A12-C12-C16-D19 for 70 (plus mine of 30). Pays full dividends: 14 to Tony (Tony has 319), 7 to Frank (Frank has 252), 7 to Neil (Neil has 242), 28 to John (John has 181), and 30 to treasury (BK has 680). Share price moves right to 73. Buys two 2G trains for 230 each. (BK has 220.) Status at the end of Operating Round 4: Player holdings: Player Shares Cert. Count Money Tony Semmeringbahn, EPP, EKT, S1, K1, K2, U2, BK 20% 9 / 21 319 Frank Karawankenbahn, Karstbahn, Tauernbahn, EHS, S2, S5, U1 50%P, U3 50%, MS 40%P, BK 10% 12 / 21 252 Neil Arlbergbahn, Brennerbahn, SPB, LRB, S3, S4, K3, U3 50%P, MS 10%, BK 10%, SB 20%P 11 / 21 242 John Wocheinerbahn, MLB, ZKB, BB, U1 50%, MS 10%, BK 40%P 9 / 21 181 Company holdings: Comp Pres Station #Sta Trains Treas Last Par Market hexes left Run Value Value EPP Tony E12 0 1G 150 50 none none EKT Tony C22 0 1G 70 50 none none MLB John B33 0 1G 100 50 none none ZKB John J35 0 1G 75 50 none none SPB Neil K32 0 1G 55 40 none none LRB Neil L31 0 1G 70 30 none none BB John P21 0 1G 75 30 none none EHS Frank F27 0 1G 120 50 none none S1 Tony G18 0 2 90 60 none none S2 Frank J17 0 2 60 40 none none S3 Neil I8 0 2 75 50 none none S4 Neil K6 0 2 75 50 none none S5 Frank L9 0 2 45 30 none none K1 Tony G18 0 2 75 50 none none K2 Tony G18 0 2 90 60 none none K3 Neil G18 0 2 75 50 none none U1 Frank H23 0 2,2 65 110 none none U2 Tony K22 0 2 50 50 none none U3 Neil H23 0 2,2 50 100 none none MS Frank E18 2 2,3,1G 430 60 75 78 (row 6) BK John C12 2 1G,2G,2G 220 70 70 73 (row 7) Ug -- (H23,K22,H23) (0) none (875) 0 175 unfloated Sd -- (G18,J17,I8,K6) (1) none (710) 0 142 unfloated KK -- (G18,G18,G18) (0) none (840) 0 120 unfloated SB Neil (J37) (2) none (640) 0 80 (3 to float) Bank Pool: empty. The Bank has 11059K remaining. Four 3-trains (180 each) and four 2G-trains (280 each) remain to be sold. Stock Round 5: Coal company exchange decisions: EKT into MS (Tony): no. EPP into BK (Tony): no. Tony: Sell two shares of BK for 73 each. (BK's price moves down-and-left one space to 68 (row 8). Tony has 465.) Buy presidency of Theissbahn (Th), setting par at 91. (Tony has 283.) Frank: Buy one share of BK from the bank pool for 68. (Frank has 184.) Neil: Buy one share of SB from the initial offering for 80. (Neil has 162.) John: Buy one share of BK from the bank pool for 68. (John has 113.) Tony: Buy one share of Th from the initial offering for 91. (Tony has 192.) Frank: Buy one share of BK from the initial offering for 70. (Frank has 114.) This is the last share, so EPP will be forced to merge at end-of-round. Neil: Buy one share of SB from the initial offering for 80. (Neil has 82.) John: Buy one share of MS from the initial offering for 75. (John has 38.) Tony: Buy one share of Th from the initial offering for 91. (Tony has 101.) Frank: Buy one share of SB from the initial offering for 80, floating the SB. (Frank has 34.) Neil: Buy one share of MS from the initial offering for 75. (Neil has 7.) John: Pass. Tony: Buy one share of Th from the initial offering for 91, floating the Th. (Tony has 10.) Frank: Pass. Neil: Pass. John: Pass. Tony: Pass. All pass. Frank has Priority Deal. SB and Th have floated and are now given their treasuries. The initial offering of BK has sold out, so EPP will be forced to merge at the beginning of the upcoming operating round. Although that hasn't happened yet, unissued conversion shares don't count when determining whether a stock price rises for being all owned. Therefore BK moves up-and-left to 70. All other major companies still have shares in the initial offering, so they don't change. Status at the end of Stock Round 5: Player holdings: Player Shares Cert. Count Money Tony Semmeringbahn, EPP, EKT, S1, K1, K2, U2, Th 50%P 11 / 21 10 Frank Karawankenbahn, Karstbahn, Tauernbahn, EHS, S2, S5, U1 50%P, U3 50%, MS 40%P, BK 30%, SB 10% 15 / 21 34 Neil Arlbergbahn, Brennerbahn, SPB, LRB, S3, S4, K3, U3 50%P, MS 20%, BK 10%, SB 40%P 14 / 21 7 John Wocheinerbahn, MLB, ZKB, BB, U1 50%, MS 20%, BK 50%P 11 / 21 38 Company holdings: Comp Pres Station #Sta Trains Treas Last Par Market hexes left Run Value Value EPP Tony E12 0 1G 150 50 none none EKT Tony C22 0 1G 70 50 none none MLB John B33 0 1G 100 50 none none ZKB John J35 0 1G 75 50 none none SPB Neil K32 0 1G 55 40 none none LRB Neil L31 0 1G 70 30 none none BB John P21 0 1G 75 30 none none EHS Frank F27 0 1G 120 50 none none S1 Tony G18 0 2 90 60 none none S2 Frank J17 0 2 60 40 none none S3 Neil I8 0 2 75 50 none none S4 Neil K6 0 2 75 50 none none S5 Frank L9 0 2 45 30 none none K1 Tony G18 0 2 75 50 none none K2 Tony G18 0 2 90 60 none none K3 Neil G18 0 2 75 50 none none U1 Frank H23 0 2,2 65 110 none none U2 Tony K22 0 2 50 50 none none U3 Neil H23 0 2,2 50 100 none none Th Tony F29 2 none 728 0 91 91 (row 3) SB Neil J37 2 none 640 0 80 80 (row 5) MS Frank E18 2 2,3,1G 430 60 75 78 (row 6) BK John C12 2 1G,2G,2G 220 70 70 70 (row 7) Ug -- (H23,K22,H23) (0) none (875) 0 175 unfloated Sd -- (G18,J17,I8,K6) (1) none (710) 0 142 unfloated KK -- (G18,G18,G18) (0) none (840) 0 120 unfloated Bank Pool: empty. The Bank has 10218K remaining. Four 3-trains (180 each) and four 2G-trains (280 each) remain to be sold. [Yes, I know, the file 1837_game_state_after_SR5.pdf still shows an incorrect market price of 68 for BK.] Operating Round 5a: EPP is forced to merge into BK. This puts BK over the limit of three trains, so it discards a 1G to the bank pool. (BK has 370, two 2G and one 1G train.) Other coal company exchange decisions: EHS into Th (Frank): no. LRB into Th (Neil): no. SPB into SB (Neil): yes. (SB has 695 and a 1G train.) ZKB into SB (John): no. EKT into MS (Tony): no. Private companies operate: Semmeringbahn pays 5 to Tony - Tony has 15. Karawankenbahn pays 25 to Frank Karstbahn pays 10 to Frank Tauernbahn pays 35 to Frank - Frank has 104. Arlbergbahn pays 20 to Neil Brennerbahn pays 15 to Neil - Neil has 42. Wocheinerbahn pays 30 to John - John has 68. Coal companies operate: EKT (Tony): Lays tile 9 in E28/e (costs 70K). (EKT has 0.) Runs C22-D23-C24-E26 for 50 (plus mine of 25). Pays 25 to Tony (Tony has 40), 50 to treasury (EKT has 50). MLB (John): Lays tile 207 in C34/w. Runs B33-C32-C32-C34 for 60 (plus mine of 20). Pays 30 to John (John has 98), 50 to treasury (MLB has 150). Buys a 2G train from BK for 150 (MLB has 0, BK has 520). ZKB (John): Lays tile 405 in J37/nw. Runs J35-J37-J35-I34 for 60 (plus mine of 25). Pays 30 to John (John has 128), 55 to treasury (ZKB has 130). LRB (Neil): Lays tile 408 in J29/w. Runs L31-K30-J29 for 40 (plus mine of 25). Pays 20 to Neil (Neil has 62), 45 to treasury (LRB has 115). BB (John): Lays tile 405 in L13/ne. Runs P21-O18-N15-M14-L13-K14-J13 for 90 (plus mine of 35). Pays 45 to John (John has 173), 80 to treasury (BB has 155). Buys a 2G train from BK for 155 (BB has 0, BK has 675). EHS (Frank): Lays tile 416 in G28/nw. Runs F27-G28-F29 for 30 (plus mine of 20). Pays 15 to Frank (Frank has 119), 35 to treasury (EHS has 155). Minor companies operate: S1 (Tony): Lays tile 427 in G18/se. Runs G18-I16 for 80. Pays 40 to Tony (Tony has 80), 40 to treasury (S1 has 130). Buys a 2 train from U2 for 130 (S1 has 0, U2 has 180). S2 (Frank) Lays tile 406 in J17/se. Runs J17-J13 for 50. Pays 25 to Frank (Frank has 144), 25 to treasury (S2 has 85). Buys a 3 train from MS for 85 (S2 has 0, MS has 515). S3 (Neil): Lays tile 208 in I8/w. Runs I8-I4 for 60. Pays 30 to Neil (Neil has 92), 30 to treasury (S3 has 105). S4 (Neil): Lays tile 206 in K6/ne. Runs K6-I8 for 70. Pays 35 to Neil (Neil has 127), 35 to treasury (S4 has 110). S5 (Frank): Lays tile 205 in L9/ne. Runs L9-M6 for 40. Pays 20 to Frank (Frank has 164), 20 to treasury (S5 has 65). Buys a 2 train from MS for 65 (S5 has 0, MS has 580). K1 (Tony): No tile lay. Runs G18-F19 for 70. Pays 35 to Tony (Tony has 115), 35 to treasury (K1 has 110). Buys a 2 train from K2 for 95 (K1 has 15, K2 has 185). K2 (Tony): Lays tile 408 in G14/sw. No run (has no train). Buys a 3 train from the bank for 180 (K2 has 5). K3 (Neil): Lays tile 422 in F17/se. Runs G18-F17 for 70. Pays 35 to Neil (Neil has 162), 35 to treasury (K3 has 110). U1 (Frank): Lays tile 425 in H23/sw. Runs H23-H23 and H23-H21 for 170. Pays 42 to Frank (Frank has 206), 42 to John (John has 215), 85 to treasury (U1 has 150). U2 (Tony): Lays tile 23 in I20/se. No run (has no train). Buys a 3 train from the bank for 180 (U2 has 0). U3 (Neil): Lays tile 23 in H25/e. Runs H23-H23 and H23-I24 for 160. Pays 40 to Neil (Neil has 202), 40 to Frank (Frank has 246), 80 to treasury (U3 has 130). Major companies operate: Th (Tony): Lays tile 205 in F29/ne. No run (has no train). Share price moves left to 87. Buys two 2G trains from the bank for 230 each (Th has 268), and buys a 2 train from S1 for 1 (Th has 267, S1 has 1). SB (Neil): Lays tile 8 in G32/se. Runs J35-J37-J35-I34-F33-F31 for 80 (plus mine of 25). Pays full dividends: 40 to Neil (Neil has 242), 8 to Frank (Frank has 254), 25 to treasury (SB has 720). Share price moves right to 83. Buys a 2G train from the bank for 230 (SB has 490). MS (Frank): Lays tile 429 in E18/ne. Runs E12-D11-E14-E16-E18-F19 for 80 (plus mine of 30). Pays full dividends: 32 to Frank (Frank has 286), 16 to Neil (Neil has 258), 16 to John (John has 231), 30 to treasury (MS has 610). Share price moves right to 81. Buys a 2G train from the bank for 230 (MS has 380), buys a 2 train from U1 for 80 (MS has 300, U1 has 230), pays 45 to return a 2 train to the bank (MS has 255), and buys a 3 train from the bank for 180 (MS has 75). BK (John): Lays tile 24 in D13/se. Places a station in E18 for 80 (4 hexes from home * 20/hex; BK has 595). Runs E12-D11-E14-E16-E18-F19 for 80 (plus mine of 30). Pays full dividends: 40 to John (John has 271), 24 to Frank (Frank has 310), 8 to Tony (Tony has 123), 8 to Neil (Neil has 266), 30 to treasury (BK has 625). Share price moves right to 73. Buys a 2G train from MLB for 1 (BK has 624, MLB has 1). Status at the end of Operating Round 5a: Player holdings: Player Shares Cert. Count Money Tony Semmeringbahn, EKT, S1, K1, K2, U2, Th 50%P, BK 10% 11 / 21 123 Frank Karawankenbahn, Karstbahn, Tauernbahn, EHS, S2, S5, U1 50%P, U3 50%, MS 40%P, BK 30%, SB 10% 15 / 21 310 Neil Arlbergbahn, Brennerbahn, LRB, S3, S4, K3, U3 50%P, SB 50%P, MS 20%, BK 10% 14 / 21 266 John Wocheinerbahn, MLB, ZKB, BB, U1 50%, BK 50%P, MS 20% 11 / 21 271 Company holdings: Comp Pres Station #Sta Trains Treas Last Par Market hexes left Run Value Value EKT Tony C22 0 1G 50 50 none none MLB John B33 0 1G 1 60 none none ZKB John J35 0 1G 130 60 none none LRB Neil L31 0 1G 115 40 none none BB John P21 0 1G,2G 0 90 none none EHS Frank F27 0 1G 155 30 none none S1 Tony G18 0 2 1 80 none none S2 Frank J17 0 2,3 0 50 none none S3 Neil I8 0 2 105 60 none none S4 Neil K6 0 2 110 70 none none S5 Frank L9 0 2,2 0 40 none none K1 Tony G18 0 2,2 15 70 none none K2 Tony G18 0 3 5 0 none none K3 Neil G18 0 2 110 70 none none U1 Frank H23 0 2 230 170 none none U2 Tony K22 0 3 0 0 none none U3 Neil H23 0 2,2 130 160 none none Th Tony F29 2 2,2G,2G 267 0 91 87 (row 3) SB Neil J37 2 1G,2G 490 80 80 83 (row 5) MS Frank E18 2 3,1G,2G 75 80 75 81 (row 6) BK John C12,E18 1 1G,2G 624 80 70 73 (row 7) Ug -- (H23,K22,H23) (0) none (875) 0 175 unfloated Sd -- (G18,J17,I8,K6) (1) none (710) 0 142 unfloated KK -- (G18,G18,G18) (0) none (840) 0 120 unfloated Bank Pool: One 2 train, one 1G train, and no shares. The Bank has 10307K remaining. One 3-train (180) remains to be sold. (No more goods trains are available until after the first 4-train is purchased.) Operating Round 5b: Coal company exchange decisions: EHS into Th (Frank): no. LRB into Th (Neil): no. ZKB into SB (John): no. EKT into MS (Tony): no. Private companies operate: Semmeringbahn pays 5 to Tony - Tony has 128. Karawankenbahn pays 25 to Frank Karstbahn pays 10 to Frank Tauernbahn pays 35 to Frank - Frank has 380. Arlbergbahn pays 20 to Neil Brennerbahn pays 15 to Neil - Neil has 301. Wocheinerbahn pays 30 to John - John has 301. Coal companies operate: EKT (Tony): Lays tile 26 in E28/w. Runs C22-D23-C24-E26 for income of 50 (plus mine of 25). Pays 25 to Tony (Tony has 153), 50 to treasury (EKT has 100). MLB (John): Lays tile 9 in D35/se. Runs B33-C32-C32-C34 for 60 (plus mine of 20). Pays 30 to John (John has 331), 50 to treasury (MLB has 51). ZKB (John): Lays tile 26 in I36/sw. Runs J35-J37-J35-I34-F33-F31 for 80 (plus mine of 25). Pays 40 to John (John has 371), 65 to treasury (ZKB has 195). Buys a 1G train from BB for 195 (ZKB has 0, BB has 195). LRB (Neil): Lays tile 8 in K28/ne (joins K26 & J29) Runs L31-K30-J29 for 40 (plus mine of 25). Pays 20 to Neil (Neil has 321), 45 to treasury (LRB has 160). BB (John): Lays tile 58 in J19/ne. Runs P21-O18-N15-M14-L13-K14-J13-J17-J19 for 140 (plus mine of 35). Pays 70 to John (John has 441), 105 to treasury (BB has 300). Buys a 1G train from BK for 300 (BB has 0, BK has 924). EHS (Frank) Lays tile 27 in H29/w. Runs F27-G24-H23 for 60 (plus mine of 20). Pays 30 to Frank (Frank has 410), 50 to treasury (EHS has 205). Minor companies operate: S1 (Tony): Lays tile 204 in H19/nw. Runs G18-I16 for 80. Pays 40 to Tony (Tony has 193), 40 to treasury (S1 has 41). Buys a 2 train from K1 for 41 (S1 has 0; K1 has 56). S2 (Frank): Lays tile 12 in I16/ne. Runs 3 train J17-I16-G18 for 130, and 2 train J17-J19 for 50, total 180. Pays 90 to Frank (Frank has 500), 90 to treasury (S2 has 90). S3 (Neil): No tile lay. Runs I8-K6 for 70. Pays 35 to Neil (Neil has 356), 35 to treasury (S3 has 140). Buys a 2 train from the bank pool for 90 (S3 has 50). S4 (Neil): Lays tile 8 in I10/ne (costs 70K). (S4 has 40.) Runs I8-K6 for 70. Pays 35 to Neil (Neil has 391), 35 to treasury (S4 has 75). S5 (Frank): Lays tile 56 in L7/w connecting S5 to S4 Runs L9-L7 for 40, L9-K10 for 40, total 80. Pays 40 to Frank (Frank has 540), 40 to treasury (S5 has 40). K1 (Tony): No tile lay. Runs G18-F19 for 70. Pays 35 to Tony (Tony has 228), 35 to treasury (K1 has 91). K2 (Tony): Lays tile 207 in H11/sw. Runs G18-G14-H11 for 130. Pays 65 to Tony (Tony has 293), 65 to treasury (K2 has 70). K3 (Neil): No tile lay. Runs G18-E18 for 100. Pays 50 to Neil (Neil has 441), 50 to treasury (K3 has 160). U1 (Frank): Lays tile 408 in H21/sw. Runs H23-H23 for 100. Pays 25 to Frank (Frank has 565), 25 to John (John has 466), 50 to treasury (U1 has 280). Buys a 1G train from MS for 280 (U1 has 0, MS has 355). U2 (Tony): Lays tile 87 in J13/sw. Runs K22-H21-H23 for 110. Pays 55 to Tony (Tony has 348), 55 to treasury (U2 has 55). Buys a 2 train from S1 for 1 (U2 has 54, S1 has 1). U3 (Neil): Lays tile 404 in H31/e (line from BudaPest goes to I32) Runs H23-H23 for 100, H23-H31 for 70, total 170. Pays 42 to Frank (Frank has 607), 42 to Neil (Neil has 483), 85 to treasury (U3 has 215). Major companies operate: Th (Tony): Lays tile 405 in C24/se Runs a 2 train F29-G28 for 40, a 2G train C22-D23-C24-E26-F29 for 90 (plus mine of 25), and a 2G train J35-J37-J35-I34-F33-F31-F29 for 110 (plus mine of 25), total 240 (plus 50 in mines). Pays full dividends: 120 to Tony (Tony has 468), 50 to treasury (Th has 317). Share price moves right to 91. SB (Neil): Lays tile 29 in E30/se. Runs a 2G train C22-D23-C24-E26-F31-F33-I34-J35-J37 for 140 (plus mine of 25) and a 1G train J35-J37 for 40 (plus mine of 25). total 180 (plus 50 in mines). Pays full dividends: 90 to Neil (Neil has 573), 18 to Frank (Frank has 625), 50 to treasury (SB has 540). Share price moves right to 87. Buys a 3 train from the bank for 180 (SB has 360). MS (Frank): Lays tile 424 in D19/ne, to bypass EOD mine. Runs a 3 train E18-F19-G18 for 110 and a 2G train E12-D11-E14-E16-E18-G18 for 130 (plus mine of 30). total 240 (plus mine of 30). Pays full dividends: 96 to Frank (Frank has 721), 48 to Neil (Neil has 621), 48 to John (John has 514), 30 to treasury (MS has 385). Share price moves right to 85. Buys a 3+1 train from the bank for 280 (MS has 105). A phase change occurs, with this effect: * The train limit for minor and coal companies, except U1-U3, is reduced to one. ZKB, BB, S2, S3, and S5 must each discard a train. (Since no one objected, each discards its cheapest train, a 2 or 1G.) BK (John): Lays tile 87 in F19/nw. Runs E12-D11-E14-E16-E18-F19-F17-G18 for 150 (plus mine of 30). Pays out dividends: 15 to Tony (Tony has 483), 45 to Frank (Frank has 766), 15 to Neil (Neil has 636), 75 to John (John has 589), 30 to treasury (BK has 954). Share price moves right to 76. Buys a 3+1 train (280) and a 4 train (470) from the bank (BK has 204). A phase change occurs, with these effects: * All 2 Trains are removed from play. * All tiles in Italy are removed, and the green Bozen tile (426 in K6/ne) is automatically played. Italy is off-limits for the rest of the game. * 3G Trains are available. * The Southern National Railway (Sd) must form, and all five of its minor companies must convert. (Sd receives 710 from the bank, the par value of its five shares that are for sale, giving it a total of 965K and a 3 Train from S2.) Sd will not operate this round because its minors did. Tony, as president of S1, is initially dealt the president's share of Sd, but since he has only one share while Frank and Neil have two each, the presidency moves to Frank, who follows Tony in seating order. * Tony, as president of K1, may choose to convert it, forming the KK. If he does so, other minors of the KK may also convert. Both options are offered again at the start of every round, until conversion becomes mandatory when the 4+1 Train is purchased. KK will not operate this round because its minors did. Minor company exchange decisions: K1 to form KK (Tony): yes. (KK receives 840 from the bank, the par value of its seven shares that are for sale, giving it a total of 931K.) K2 into KK (Tony): yes. (KK has 1001 and a 3 Train.) K3 into KK (Neil): yes. (KK has 1161.) Status at the end of Operating Round 5b: Player holdings: Player Shares Cert. Count Money Tony Semmeringbahn, EKT, U2, Sd 10%, KK 20%P, Th 50%P, BK 10% 11 / 21 483 Frank Karawankenbahn, Karstbahn, Tauernbahn, EHS, U1 50%P, U3 50%, Sd 20%P, SB 10%, MS 40%P, BK 30% 15 / 21 766 Neil Arlbergbahn, Brennerbahn, LRB, K3, U3 50%P, Sd 20%, SB 50%P, MS 20%, BK 10% 14 / 21 636 John Wocheinerbahn, MLB, ZKB, BB, U1 50%, MS 20%, BK 50%P 11 / 21 589 Company holdings: Comp Pres Station hexes #Sta Trains Treas Last Par Market + (reserved) left Run Value Value EKT Tony C22 0 1G 100 50 none none MLB John B33 0 1G 51 60 none none ZKB John J35 0 1G 0 80 none none LRB Neil L31 0 1G 160 40 none none BB John P21 0 2G 0 140 none none EHS Frank F27 0 1G 205 30 none none U1 Frank H23 0 1G 0 100 none none U2 Tony K22 0 3 54 110 none none U3 Neil H23 0 none 215 170 none none Sd Frank G18,J17,I8,K6 1 3 965 0 142 142 (row 4) KK Tony G18,G18,G18 0 3 1161 0 120 120 (row 4) Th Tony F29 2 2G,2G 317 240 91 91 (row 3) SB Neil J37 2 3,1G,2G 360 180 80 87 (row 5) MS Frank E18 2 3,3+1,2G 105 240 75 85 (row 6) BK John C12,E18 1 3+1,4,2G 204 150 70 76 (row 7) Ug -- (H23,K22,H23) (0) none (875) 0 175 unfloated Bank Pool: Three 1G trains and no shares. The Bank has 7607K remaining. Four 4 trains (470) and two 3G trains (590) are available. Stock Round 6: Coal company exchange decisions: EHS into Th (Frank): yes. (Th has 522 and gains a third train, a 1G.) LRB into Th (Neil): no. ZKB into SB (John): no. EKT into MS (Tony): yes. (MS has 205. It must discard a train, and I assume that is the 1G, since it will disappear soon.) Frank: Sell one share of Th for 91. (Market price of Th drops to 85 (row 4). Frank has 857.) Sell three shares of BK for 76 each. (Market price of BK drops to 71 (row 8). Frank has 1085.) Buy one share of Sd from the initial offering for 142. (Frank has 943.) Neil: Buy one share of KK from the initial offering for 120. (Neil has 516.) John: Buy the president's certificate of CL at a par value of 104, paying 208 for 20%. (John has 381.) Tony: Buy one share of KK from the initial offering for 120. (Tony has 363.) Frank: Buy one share of KK from the initial offering for 120. (Frank has 823.) Neil: Buy one share of KK from the initial offering for 120. (Neil has 396.) John: Buy one share of CL from the initial offering for 104. (John has 277.) Tony: Buy one share of KK from the initial offering for 120. (Tony has 243.) Frank: Buy one share of KK from the initial offering for 120. (Frank has 703.) Neil: Buy one share of Sd from the initial offering for 142. (Neil has 254.) John: Sell two shares of MS for 85 each. (Market price of MS drops to 79 (row 7). John has 447.) Buy one share of Sd from the initial offering for 142. (John has 305.) Tony: Buy one share of KK from the initial offering for 120. (Tony has 123.) Frank: Buy one share of Sd from the initial offering for 142. (Frank has 561.) Neil: Buy one share of Sd from the initial offering for 142. (Neil has 112.) John: Buy one share of CL from the initial offering for 104. (John has 201.) Tony: Buy one share of SB from the initial offering for 80. (Tony has 43.) Frank: Buy the president's certificate of BH at a par value of 70, paying 140 for 20%. (Frank has 421. This is the second company with a par value of 70, so that par value cannot be used again.) Neil: Buy one share of Th from the bank pool for 85. (Neil has 27.) John: Buy one share of CL from the initial offering for 104, floating CL. (John has 97.) Tony: Pass. Frank: Buy one share of BH from the initial offering for 70. (Frank has 351.) Neil: Pass. John: Buy one share of Th from the initial offering for 91. (John has 6.) Tony: Pass. Frank: Buy one share of BH from the initial offering for 70. (Frank has 281.) Neil: Pass. John: Pass. Tony: Pass. Frank: Buy one share of BH from the initial offering for 70, floating BH. (Frank has 211.) Neil: Pass. John: Pass. Tony: Pass. Frank: Buy one share of SB from the initial offering for 80. (Frank has 131.) Neil: Pass. John: Pass. Tony: Pass. Frank: Buy one share of SB from the initial offering for 80. (Frank has 51.) Neil: Pass. John: Pass. Tony: Pass. Frank: Sell three shares of SB for 87 each. (Market price of SB drops to 81 (row 6). Frank has 312.) Buy one share of MS from the initial offering for 75. (Frank has 237.) Neil: Pass. John: Pass. Tony: Pass. Frank: Buy one share of Ug from the initial offering for 175. (Frank has 62.) All pass. Neil has Priority Deal. CL and BH have floated and are now given their treasuries. CL, Th, and BH all have unsold shares in the initial offering, while SB, MS, and BK have shares in the bank pool. So only Sd and KK rise for being all owned. Sd moves up-and-right to 165 (row 3), and KK moves up-and-left to 124 (row 3). The initial offering of SB has sold out, so ZKB will be forced to merge at the beginning of the upcoming operating round. Status at the end of Stock Round 6: Player holdings: Player Shares Cert. Count Money Tony Semmeringbahn, U2, Sd 10%, KK 50%P, Th 50%P, SB 10%, MS 10%, BK 10% 15 / 21 43 Frank Karawankenbahn, Karstbahn, Tauernbahn, U1 50%P, U3 50%, Ug 10%, Sd 40%P, KK 20%, MS 50%P, BH 50%P 20 / 21 62 Neil Arlbergbahn, Brennerbahn, LRB, U3 50%P, Sd 40%, KK 30%, Th 10%, SB 50%P, MS 20%, BK 10% 19 / 21 27 John Wocheinerbahn, MLB, ZKB, BB, U1 50%, Sd 10%, CL 50%P, Th 10%, BK 50%P 15 / 21 6 Company holdings: Comp Pres Station hexes #Sta Trains Treas Last Par Market + (reserved) left Run Value Value MLB John B33 0 1G 51 60 none none ZKB John J35 0 1G 0 80 none none LRB Neil L31 0 1G 160 40 none none BB John P21 0 2G 0 140 none none U1 Frank H23 0 1G 0 100 none none U2 Tony K22 0 3 54 110 none none U3 Neil H23 0 none 215 170 none none Sd Frank G18,I8,J17,K6 1 3 965 0 142 165 (row 3) KK Tony G18,G18,G18 0 3 1161 0 120 124 (row 3) CL John C34 2 none 936 0 104 104 (row 1) Th Tony F29 2 1G,2G,2G 522 240 91 85 (row 4) SB Neil J37 2 3,1G,2G 360 180 80 81 (row 6) MS Frank E18 2 3,3+1,2G 205 240 75 79 (row 7) BK John C12,E18 1 3+1,4,2G 204 150 70 71 (row 8) BH Frank N21 2 none 630 0 70 70 (row 7) Ug -- (H23,K22,H23) (0) none (875) 0 175 unfloated Bank Pool: Four 1G trains, 3 shares SB, 2 shares MS, 3 shares BK. The Bank has 8567K remaining. Four 4 trains (470) and two 3G trains (590) are available. Operating Round 6a: ZKB is forced to merge into SB. This puts SB over the limit of three trains, so (hearing no objection) a 1G train is discarded to the bank pool. (ZKB had no money, so SB's treasury of 360 is unchanged.) Other coal company exchange decisions: MLB into CL (John): yes. (CL has 987 and a 1G train.) LRB into Th (Neil): no. BB into BH (John): no. Private companies operate: Semmeringbahn pays 5 to Tony - Tony has 48. Karawankenbahn pays 25 to Frank Karstbahn pays 10 to Frank Tauernbahn pays 35 to Frank - Frank has 132. Arlbergbahn pays 20 to Neil Brennerbahn pays 15 to Neil - Neil has 62. Wocheinerbahn pays 30 to John - John has 36. Coal companies operate: LRB (Neil): Lays tile 29 in K26/nw. Runs L31-K30-J29-J25-I24 for 60 (plus mine of 25). Pays 30 to Neil (Neil has 92), 55 to treasury (LRB has 215). BB (John): Lays tile 57 in K18/se. Runs P21-O18-N15-M14-L13-K14-J13-J17-J19 for 140 (plus mine of 35). Pays 70 to John (John has 106), 105 to treasury (BB has 105). Minor companies operate: U1 (Frank): Lays tile 7 in hex I32/ne. Runs H23-G24-F27 for 60 (plus mine of 20). Pays 15 to Frank (Frank has 147), 15 to John (John has 121), and 50 to treasury (U1 has 50). Buys a 3 train from MS for 50. (U1 has 0, MS has 255.) U2 (Tony): Lays tile 9 in G22/sw (costs 50K). (U2 has 4.) Runs K22-H21-H23 for 110. Pays 55 to Tony (Tony has 103), 55 to treasury (U2 has 59). U3 (Neil): Lays tile 408 in H31/w. No run (has no train). Buys a 3 train from SB for 215 (U3 has 0, SB has 575). Major companies operate: Sd (Frank): Lays tile 4 in L19/se. Runs G18-I16-J17 for 130. Pays full dividends: 52 to Frank (Frank has 199), 52 to Neil (Neil has 144), 13 to Tony (Tony has 116), 13 to John (John has 134). Share price moves right to 185. Buys a 3G train from the bank for 590 (Sd has 375). A phase change occurs, with this effect: * All 1G Trains are removed from play. KK (Tony): Lays tile 25 in H13/ne. Runs G18-G14-H11 for 130. Pays full dividends: 65 to Tony (Tony has 181), 26 to Frank (Frank has 225), 39 to Neil (Neil has 183). Share price moves right to 135. Buys a 4 train (470) and a 3G train (590) from the bank (KK has 101). CL (John): Lays tile 4 in E36/se. No run (has no train). Share price moves left to 99. Buys a 4 train from the bank for 470 (CL has 517). Th (Tony): Lays tile 23 in H33/nw. Places token in H31(sw) (costs 40K). (Th has 482.) Runs a 2G train C22-D23-C24-E26-F29-G28 for 100 (plus mine of 25), and a 2G train J35-J37-J35-I34-F33-F31-F29 for 110 (plus mine of 25), total 210 (plus 50 in mines). Pays full dividends: 105 to Tony (Tony has 286), 21 to Neil (Neil has 204), 21 to John (John has 155), 50 to treasury (Th has 532). Share price moves right to 89. Buys a 4 train from the bank for 470 (Th has 62). SB (Neil): Lays tile 410 in I34/se. Runs C22-D23-C24-E26-F31-F33-I34-J35-J37 for 140 (plus mine of 25). Pays full dividends: 70 to Neil (Neil has 274), 14 to Tony (Tony has 300), 14 to John (John has 169), 67 to treasury (SB has 642). Share price moves right to 85. MS (Frank): Lays tile 402 in G20/nw (costs 50K). (MS has 205.) Runs a 3+1 train G18(nw)-E18-F19-G20 for 130, and a 2G train C20-D19-C16-C12-E14-E16-E18 for 120 (plus mine of 20), total 250 (plus mine of 20). Pays full dividends: 125 to Frank (Frank has 350), 25 to Tony (Tony has 325), 50 to Neil (Neil has 324), 70 to treasury (MS has 275). Share price moves right to 83. BK (John): Lays tile 406 in G20/se. Runs a 2G train E12-D11-E14-E16-E18-G18(nw) for 130 (plus mine of 30), a 3+1 train G18(e)-G20-F19-E18 for 150, and a 4 train A12-C12-C16-D19 for 70, total 350 (plus mine of 30). Pays full dividends: 175 to John (John has 344), 35 to Tony (Tony has 360), 35 to Neil (Neil has 359), 135 to treasury (BK has 339). Share price moves right to 74. BH (Frank): Lays tile 202 in N21/sw. No run (has no train). Share price moves left to 67, into yellow zone. Buys a 4E train from the bank for 500 (BH has 130). A phase change occurs, with these effects: * Frank, as president of U1, may choose to convert it, forming the Ug. If he does so, other minors of the Ug may also convert. Both options are offered again at the start of every round, until conversion becomes mandatory when the 5 Train is purchased. Ug will not operate this round because its minors did. Minor company exchange decisions: U1 presidency to form Ug (Frank): yes. (Ug receives 875 from the bank, the par value of its five shares that are for sale, giving it a total of 875K and a 3 Train.) John is forced to convert the second share of U1. U2 into Ug (Tony): no. U3 presidency into Ug (Neil): no. U3 second share into Ug (Frank): no. Status at tne end of Operating Round 6a: Player holdings: Player Shares Cert. Count Money Tony Semmeringbahn, U2, Sd 10%, KK 50%P, Th 50%P, SB 10%, MS 10%, BK 10% 15 / 21 360 Frank Karawankenbahn, Karstbahn, Tauernbahn, U3 50%, Ug 20%P, Sd 40%P, KK 20%, MS 50%P, BH 50%P 16 / 21 350 Neil Arlbergbahn, Brennerbahn, LRB, U3 50%P, Sd 40%, KK 30%, Th 10%, SB 50%P, MS 20%, BK 10% 19 / 21 359 John Wocheinerbahn, BB, Ug 10%, Sd 10%, CL 60%P, Th 10%, SB 10%, BK 50%P 15 / 21 344 Company holdings: Comp Pres Station hexes #Sta Trains Treas Last Par Market + (reserved) left Run Value Value LRB Neil L31 0 none 215 40 none none BB John P21 0 2G 105 140 none none U2 Tony K22 0 3 59 110 none none U3 Neil H23 0 3 0 0 none none Sd Frank G18,I8,J17,K6 1 3,3G 375 130 142 185 (row 3) Ug Frank H23,(K22,H23) 0 3 875 0 175 175 (row 4) KK Tony G18,G18,G18 0 3,4,3G 101 130 120 135 (row 3) CL John C34 2 4 517 0 104 99 (row 1) Th Tony F29,H31 1 4,2G,2G 62 210 91 89 (row 4) SB Neil J37 2 2G 642 140 80 85 (row 6) MS Frank E18 2 3+1,2G 275 250 75 83 (row 7) BK John C12,E18 1 3+1,4,2G 339 350 70 74 (row 8) BH Frank N21 2 4E 130 0 70 67 (row 7) Bank Pool: 3 shares SB, 2 shares MS, 3 shares BK. The Bank has 8750K remaining. One 4+1 train (530) is available. (No more goods trains are available until after the first 5-train is purchased.) Operating round 6b: Coal company exchange decisions: LRB into Th (Neil): yes. (Th has 277.) BB into BH (John): no. Minor company exchange decisions: U2 into Ug (Tony): no. U3 presidency into Ug (Neil): no. U3 second share into Ug (Frank): no. Private companies operate: Semmeringbahn pays 5 to Tony - Tony has 365. Karawankenbahn pays 25 to Frank Karstbahn pays 10 to Frank Tauernbahn pays 35 to Frank - Frank has 420. Arlbergbahn pays 20 to Neil Brennerbahn pays 15 to Neil - Neil has 394. Wocheinerbahn pays 30 to John - John has 374. Coal company operates: BB (John): Lays tile 8 in I14/nw (costs 70K). (BB has 35.) Runs P21-O18-N15-M14-L13-K14-J13-J17-J19 for 140 (plus mine of 35). Pays 70 to John (John has 444), 105 to treasury (BB has 140). Minor companies operate: U2 (Tony): Lays tile 58 in F23/sw. Runs K22-H21-H23 for 110. Pays 55 to Tony (Tony has 420), 55 to treasury (U2 has 114). U3 (Neil): Lays tile 29 in I32/nw. Runs H23-H23-H31 for 130. Pays 32 to Neil (Neil has 426), 32 to Frank (Frank has 452), 65 to treasury (U3 has 65). Major companies operate: Sd (Frank): Lays tile 9 in M20/se (costs 70K). (Sd has 305.) Places token in G14(se) (costs 40K). (Sd has 265.) Runs a 3 train G18(sw)-I16-J17 for 130 and a 3G train P21-O18-N15-M14-L13-K14-J13-G14-G18(w) for 180 (plus mine of 35). total 310 (plus mine of 35). Pays full dividends: 124 to Frank (Frank has 576), 124 to Neil (Neil has 550), 31 to Tony (Tony has 451), 31 to John (John has 475), 35 to treasury (Sd has 300). Share price moves right to 210. Ug (Frank): Lays tile 26 in G22/sw. Runs H23-H23-H21 for 130. Pays half dividends: 13 to Frank (Frank has 589), 6 to John (John has 481), 65 to treasury (Ug has 940). Share price cannot move down-and-right, so it is unchanged at 175. Buys a 4+1 train from the bank for 530 (Ug has 410). A phase change occurs, with this effect: * The KK must form if it hasn't already, and all of its minor companies must convert. (No effect since this has already happened.) KK (Tony): Lays tile 8 in F25/ne. Runs a 3 train G18(nw)-E18 for 100 a 4 train G18(ne)-F19-G20-H21 for 140 and a 3G train P21-O18-N15-M14-L13-K14-J13-G14-G18(w) for 180 (plus mine of 35). total 420 (plus mine of 35). Pays full dividends: 210 to Tony (Tony has 661), 84 to Frank (Frank has 673), 126 to Neil (Neil has 676), and 35 to treasury (KK has 136). Share price moves right to 148. CL (John): Lays tile 9 in F37/se. Runs C32-C32-C34-E36 for 70. Pays full dividends: 42 to John (John has 523). Share price moves right to 104. Buys a 2G train from BB for 1 (CL has 516, BB has 141). Th (Tony): Lays tile 419 in E26/e. Places token in H21(nw) (costs 200K). (Th has 77.) Runs a 2G train C22-D23-C24-E26-F29-G28 for 100 (plus mine of 25), a 2G train J35-J37-J35-I34-F33-F31-F29 for 110 (plus mine of 25), and a 4 train G18(e)-G20-H21-H23 for 180 total 390 (plus 50 in mines). Pays full dividends: 195 to Tony (Tony has 856), 78 to Neil (Neil has 754), 39 to John (John has 562), and 50 to treasury (Th has 127). Share price moves right to 93. SB (Neil): Lays tile 28 in J31/w. Places token in J29(ne) (costs 80K). (SB has 562.) Runs C22-D23-C24-E26-F31-F33-I34-J35-J37 for 140 (plus mine of 25). Pays full dividends: 70 to Neil (Neil has 824), 14 to Tony (Tony has 870), 14 to John (John has 576), and 67 to treasury (SB has 629). Share price moves right to 89. Buys a 4+2 train from the bank for 560 (SB has 69). This causes a phase change but has no side effects. MS (Frank): Lays tile 9 in D21/e. Places token in G20 (costs 40K). (MS has 235.) Runs a 3+1 train H21-G20-F19-G18 for 140, and a 2G train E12-D11-E14-E16-E18-F19-F17-G18 for 150 (plus mine of 30), total 290 (plus mine of 30). Pays full dividends: 145 to Frank (Frank has 818), 58 to Neil (Neil has 882), 29 to Tony (Tony has 899), and 88 to treasury (MS has 323). Share price moves right to 87. BK (John): Lays tile 422 in D23/ne. Places token in G20 (costs 240K). (BK has 99.) Runs a 2G train E12-D11-E14-E16-E18-F19-F17-G18 for 150 (plus mine of 30), a 3+1 train H21-G20-F19-G18 for 140, and a 4 train E18-C24-E26-F29 for 120 total 410 (plus mine of 30). Pays full dividends: 205 to John (John has 781), 41 to Tony (Tony has 940), 41 to Neil (Neil has 923), and 153 to treasury (BK has 252). Share price moves right to 77. BH (Frank): Lays tile 207 in N21/ne. Places token in J17 (costs 80K). (BH has 50.) Runs G18(sw)-I16-J17-L13 for 170. Pays half dividends. 42 to Frank (Frank has 860), 85 to treasury (BH has 135). Share price moves down-and-right to 65. Buys a 2G train from MS for 135 (BH has 0, MS has 458). Status at the end of Operating Round 6b: Player holdings: Player Shares Cert. Count Money Tony Semmeringbahn, U2, Sd 10%, KK 50%P, Th 50%P, SB 10%, MS 10%, BK 10% 15 / 21 940 Frank Karawankenbahn, Karstbahn, Tauernbahn, U3 50%, Sd 40%P, Ug 20%P, KK 20%, MS 50%P, BH 50%P 16 / 21 860 Neil Arlbergbahn, Brennerbahn, U3 50%P, Sd 40%, KK 30%, Th 20%, SB 50%P, MS 20%, BK 10% 19 / 21 923 John Wocheinerbahn, BB, Sd 10%, Ug 10%, CL 60%P, Th 10%, SB 10%, BK 50%P 15 / 21 781 Company holdings: Comp Pres Station hexes #Sta Trains Treas Last Par Market + (reserved) left Run Value Value BB John P21 0 none 141 140 none none U2 Tony K22 0 3 114 110 none none U3 Neil H23 0 3 65 130 none none Sd Frank G18,G14,I8,J17,K6 0 3,3G 300 310 142 210 (row 3) Ug Frank H23,(K22,H23) 0 3,4+1 410 130 175 175 (row 4) KK Tony G18,G18,G18 0 3,4,3G 136 420 120 148 (row 3) CL John C34 2 4,2G 516 70 104 104 (row 1) Th Tony F29,H21,H31 0 4,2G,2G 127 390 91 93 (row 4) SB Neil J37,J29 1 4+2,2G 69 140 80 89 (row 6) MS Frank E18,G20 1 3+1 458 290 75 87 (row 7) BK John C12,E18,G20 0 3+1,4,2G 252 410 70 77 (row 8) BH Frank N21,J17 1 4E,2G 0 170 70 65 (row 8) Bank Pool: 3 shares SB, 2 shares MS, 3 shares BK. The Bank has 8012K remaining. Two 5 trains (800) are available. (No more goods trains are available until after the first 5-train is purchased.) [Known errors in the end-of-OR6b PDF file: Neil's cash is 20 too low, and John's is 14 too low.] Stock round 7: Coal company exchange decision: BB into BH (John): no. Minor company exchange decisions: U2 into Ug (Tony): no. U3 presidency into Ug (Neil): no. U3 second share into Ug (Frank): yes. Neil: Sell two shares of MS for 87 each. (Neil has 1097. The share price of MS is on a ledge where it can't move down-and-left, so it is unchanged.) Buy the president's certificate of GT at a par value of 104, paying 208 for 20%. (Neil has 889. Market price token of GT is placed under CL which is already at 104 (row 1).) John: Buy a share of Ug from the initial offering for 175. (John has 606.) Tony: Buy a share of BK from the bank pool for 77. (Tony has 863.) Frank: Buy a share of Ug from the initial offering for 175. (Frank has 685.) Neil: Buy a share of GT from the initial offering for 104. (Neil has 785.) John: Buy a share of Ug from the initial offering for 175. (John has 431.) Tony: Buy one share of BK from the bank pool for 77. (Tony has 786.) Frank: Buy a share of Ug from the initial offering for 175. (Frank has 510.) Neil: Buy a share of GT from the initial offering for 104. (Neil has 681.) John: Buy a share of BK from the bank pool for 77. (John has 354.) Tony: Buy a share of CL from the initial offering for 104. (Tony has 682.) Frank: Buy a share of GT from the initial offering for 104, floating GT. (Frank has 406.) Neil: Buy a share of Th from the initial offering for 91. (Neil has 590.) John: Buy a share of Th from the initial offering for 91. (John has 263.) Tony: Buy a share of CL from the initial offering for 104. (Tony has 578.) Frank: Buy a share of CL from the initial offering for 104. (Frank has 302.) Neil: Sell a share of SB for 89. (Market price of SB drops to 83 (row 7). Neil has 679.) Buy a share of CL from the initial offering for 104. (Neil has 575.) John: Buy a share of GT from the initial offering for 104. (John has 159.) Tony: Buy a share of SB from the bank pool for 83. (Tony has 495.) Frank: Buy a share of MS from the bank pool for 87. (Frank has 215.) Neil: Pass. John: Buy a share of GT from the initial offering for 104. (John has 55.) Tony: Buy a share of SB from the bank pool for 83. (Tony has 412.) Frank: Buy a share of BH from the initial offering for 70. (Frank has 145.) Neil: Buy a share of BH from the initial offering for 70. (Neil has 505.) John: Pass. Tony: Sell a share of MS for 87. (Tony has 499. The share price of MS is on a ledge where it can't move down-and-left, so it is unchanged.) Buy a share of SB from the bank pool for 83. (Tony has 416.) Frank: Pass. Neil: Buy a share of BH from the initial offering for 70. (Neil has 435.) John: Pass. Tony: Sell a share of Sd for 210. (Tony has 626. Market price of Sd moves down-and-left to 175 (row 4), under Ug which is already there.) Buy a share of SB from the bank pool for 83. (Tony has 543 and becomes president of SB.) Frank: Sell a share of CL for 104. (Frank has 249. Market price of CL moves down-and-left to 97 (row 2).) Buy a share of Sd from the bank pool for 175. (Frank has 74.) Neil: Sell a share of SB for 83. (Neil has 518. Market price of SB moves down-and-left to 77 (row 8), under BK which is already there.) Buy a share of BH from the initial offering for 70. (Neil has 448.) John: Pass. Tony: Buy a share of CL from the bank pool for 97. (Tony has 446.) All pass. Frank has Priority Deal. GT is the only company with unsold shares in the initial offering, while MS and SB have shares in the bank pool. So all other major companies rise for being all owned: Ug and Sd move up-and-left to 185 (row 3); KK moves up-and-left to 154 (row 2); CL moves up-and-left to 99 (row 1); Th moves up-and-left to 95 (row 3); BK moves up-and-left to 79 (row 7); and BH moves up-and-left to 67 (row 7, still in the yellow zone). All presidents (except GT, which doesn't rise) own at least 50% of their companies, so none move up-and-right. The initial offering of BH has sold out, so BB will be forced to merge at the beginning of the upcoming operating round. Status at tne end of Stock Round 7: Player holdings: Player Shares Cert. Count Money Tony Semmeringbahn, U2, KK 50%P, CL 30%, Th 50%P, SB 50%P, BK 30% 21 / 21 446 Frank Karawankenbahn, Karstbahn, Tauernbahn, Sd 50%P, Ug 50%P, KK 20%, GT 10%, MS 60%P, BH 60%P 21 / 21 74 Neil Arlbergbahn, Brennerbahn, U3 50%P, Sd 40%, KK 30%, GT 40%P, CL 10%, Th 30%, SB 30%, BK 10%, BH 30% 21 / 21 448 John Wocheinerbahn, BB, Sd 10%, Ug 30%, GT 20%, CL 60%P, Th 20%, SB 10%, BK 60%P 21 / 21 55 Company holdings: Comp Pres Station hexes #Sta Trains Treas Last Par Market + (reserved) left Run Value Value BB John P21 0 none 141 140 none none U2 Tony K22 0 3 114 110 none none U3 Neil H23 0 3 65 130 none none Ug Frank H23,(K22,H23) 0 3,4+1 410 130 175 185 (row 3) Sd Frank G18,G14,I8,J17,K6 0 3,3G 300 310 142 185 (row 3) KK Tony G18,G18,G18 0 3,4,3G 136 420 120 154 (row 2) GT Neil D37 2 none 1040 0 104 104 (row 1) CL John C34 2 4,2G 516 70 104 99 (row 1) Th Tony F29,H21,H31 0 4,2G,2G 127 390 91 95 (row 3) MS Frank E18,G20 1 3+1 458 290 75 87 (row 7) BK John C12,E18,G20 0 3+1,4,2G 252 410 70 79 (row 7) SB Tony J37,J29 1 4+2,2G 69 140 80 77 (row 8) BH Frank N21,J17 1 4E,2G 0 170 70 67 (row 7) Bank Pool: 4 shares MS, 1 share SB. The Bank has 9517 remaining. Two 5 trains (800) are available. (No more goods trains are available until after the first 5-train is purchased.) Operating round 7a: BB is forced to merge into BH. (BH now has 141 in treasury. BB had no trains.) Minor company exchange decisions: U2 into Ug (Tony): no. U3 presidency into Ug (Neil): no. Private companies operate: Semmeringbahn pays 5 to Tony - Tony has 451. Karawankenbahn pays 25 to Frank Karstbahn pays 10 to Frank Tauernbahn pays 35 to Frank - Frank has 144. Arlbergbahn pays 20 to Neil Brennerbahn pays 15 to Neil - Neil has 483. Wocheinerbahn pays 30 to John - John has 85. Minor companies operate: U2 (Tony): Lays tile 24 in H17/sw. Runs K22-H21-H23 for 110. Pays 55 to Tony (Tony has 506), 55 to treasury (U2 has 169). Buys 2G train from Th for 169 (U2 has 0; Th has 296). U3 (Neil): No tile lay. Runs H23-H23-H31 for 130. Pays 32 to Neil (Neil has 515), 65 to treasury (U3 has 130). Major companies operate: Ug (Frank): Lays tile 26 at J21/nw. Runs a 3 train H23(s)-H23(n)-H21(n) for 130, and a 4+1 train K22-H21(s)-H23(n)-G24-H31 for 150, total 280. Pays full dividends: 140 to Frank (Frank has 284), 84 to John (John has 169). Share price moves right to 210. Buys 2G train from BH for 1 (Ug has 409, BH has 142). Sd (Frank): Lays tile 412 at J19/w connecting to Ug's new track. Runs a 3 train G18-I16-J17 for 130, and a 3G train P21-O18-N15-M14-L13-K14-J13-G14-G18 for 180 (plus mine of 35), total 310 (plus mine of 35). Pays full dividends: 155 to Frank (Frank has 439), 124 to Neil (Neil has 639), 31 to John (John has 200), and 35 to treasury (Sd has 335). Share price moves right to 210. Buys a 3 train from Ug for 334 (Sd has 1, Ug has 743). KK (Tony): Lays tile 27 at G16/e Runs a 3 train G18(ne)-F19-G20 for 110, a 4 train G18(nw)-F17-F19-E18 for 120, and a 3G train P21-O18-N15-M14-L13-K14-J13-G14-G18(w) for 180 (plus mine of 35), total 410 (plus mine of 35). Withholds dividends. 445 to treasury (KK has 581). Share price moves left to 140. Buys a 4 train from Th for 540 (KK has 41, Th has 836). GT (Neil): Lays tile 202 at D36/nw (joining C36 & D39) No run (has no train). Share price moves left to 99. Buys a 5 train from the bank for 800 (GT has 240). A phase change occurs, with these effects: * All "3" trains are removed from play. * All private companies are removed from play. * All remaining coal companies must convert. * The Hungarian National Railway must form, and all five shares in its three minor companies must convert, if they have not already done so. (This gives Ug a 2G train from U2, and 130K from U3. Ug has 873.) * Brown tiles are available. * "4G" trains may be purchased (once the "3G" trains have sold out). * Train limits are reduced to 3 for the three National Railroads, and 2 for all other major companies. (BK is over limit and discards a 2G to the bank pool.) * Coal mines are worth their higher values. * Beginning next stock round, three operating rounds follow each stock round. CL (John): Lays tile 4 in H37/sw for 70. (CL has 446.) Places token in H31/sw for 100. (CL has 346.) Runs a 2G train B33-C32-C32-C34-E36-H37-J35-I34-F33-F31-E26-C24-D23 for 180 (plus mine of 50), and a 4 train J29-H31-G24-H23 for 120, total 300 (plus mine of 50). Pays half dividends: 90 to John (John has 290), 45 to Tony (Tony has 551), 15 to Neil (Neil has 654), and 200 to treasury (CL has 546). Share price moves down-and-right to 97 (row 2). Th (Tony): Lays tile 42 in G22/sw. Runs a 2G train B33-C32-C32-C34-E36-H37-J35-I34-F33-F31-F23-H21-H19 for 170 (plus mine of 50). Withholds dividends: 220 to treasury (Th has 1056). Share price moves left to 91. Buys a 4G train from the bank for 1000 (Th has 56). A phase change occurs, with this effect: * All "2G" trains are removed from play. MS (Frank): Lays tile 432 in H21/sw. Places token in H21/nw for 120. (MS has 338.) Runs H23-H21-H19-G18 for 160. Pays full dividends: 96 to Frank (Frank has 535), 64 to treasury (MS has 402). Share price moves right (and up via outside arrow) to 94 (row 6). BK (John): Lays tile 430 in G20/se. Runs a 3+1 train H21-G20-F19-G18 for 160, and a 4 train E18-C24-E26-F29 for 120, total 280. Pays full dividends: 168 to John (John has 458), 84 to Tony (Tony has 635), 28 to Neil (Neil has 682). Share price moves right to 83. SB (Tony): Lays tile 45 in H25/e. Runs a 4+2 train H31-J29-I28-I24-G24-H23 for 140. Pays full dividends: 70 to Tony (Tony has 705), 42 to Neil (Neil has 724), 14 to John (John has 472), 14 to treasury (SB has 83). Share price moves right (and up via outside arrow) to 83 (row 7). BH (Frank): Lays tile 435 in H23/sw. This causes one of the two Ug tokens in H23 to be returned to the Ug charter. Runs a 4E train H23-H21-J17-L13 for 190. Withholds dividends: 190 to treasury (BH has 332). Share price moves left to 63. Status at the end of Operating Round 7a: Player holdings: Player Shares Cert. Count Money Tony Ug 10%, KK 50%P, CL 30%, Th 50%P, SB 50%P, BK 30% 20 / 21 705 Frank Ug 50%P, Sd 50%P, KK 20%, GT 10%, MS 60%P, BH 60%P 18 / 21 535 Neil Ug 10%, Sd 40%, KK 30%, CL 10%, GT 40%P, Th 30%, SB 30%, BK 10%, BH 30% 19 / 21 724 John Ug 30%, Sd 10%, CL 60%P, GT 20%, Th 20%, SB 10%, BK 60%P, BH 10% 20 / 21 472 Company holdings: Comp Pres Station hexes #Sta Trains Treas Last Par Market + (reserved) left Run Value Value Ug Frank H23,K22 1 4+1 873 130 175 210 (row 3) Sd Frank G18,G14,I8,J17,K6 0 3G 1 310 142 210 (row 3) KK Tony G18,G18*,G18* 2* 4,4,3G 41 420 120 140 (row 2) GT Neil D37 2 5 240 0 104 99 (row 1) CL John C34,H31 1 4 546 180 104 97 (row 2) Th Tony F29,H21,H31 0 4G 56 170 91 91 (row 3) MS Frank E18,G20,H21 0 3+1 402 160 75 94 (row 6) BK John C12,E18,G20 0 3+1,4 251 280 70 83 (row 7) SB Tony J37,J29 1 4+2 83 140 80 83 (row 7) BH Frank N21,J17 1 4E 332 190 70 63 (row 7) * These stations will be returned to the charter for possible reuse when Vienna is upgraded to a brown tile. Bank Pool: 4 shares MS, 1 share SB. The Bank has 8907 remaining. One 5 train (800) and two 4G trains (1000) are available. Operating round 7b: Only major companies still exist in the game. Ug (Frank): Lays tile 41 in I20/nw. Places token in H21/se for 20 (Ug has 853). Runs a 4+1 train G18-H19-H21(se)-H23-H21(nw) for 220. Withholds dividends: 220 to treasury (Ug has 1073). Share price moves left to 185. Buys a 4G train from the initial offering for 1000. (Ug has 73.) Sd (Frank): Lays tile 23 in I18/ne. Runs a 3G train P21-O18-N15-M14-L13-K14-J13-J17-H19-G18 for 200 (plus mine of 60). Pays full dividends: 100 to Frank (Frank has 635), 80 to Neil (Neil has 804), 20 to John (John has 492), 60 to treasury (Sd has 61). Share price moves right to 240. KK (Tony): Lays tile 436 in G18/se. This causes two of the three KK tokens in G18 to be returned to the KK charter. Places token in H21(se) for 40 (KK has 1). Runs a 4 train E18-G18-F19-G20 for 180, a 4 train G18-G14-H11-I8 for 190, and a 3G train B33-C32-C32-C34-E36-H37-J35-I34-F33-F31-F23-H23-H21-H19 for 250(plus mine of 50) total 620 (plus mine of 50). Pays full dividends: 310 to Tony (Tony has 1015), 124 to Frank (Frank has 759), 186 to Neil (Neil has 990), 50 to treasury (KK has 51). Share price moves right to 154. GT (Neil): Lays tile 8 in C36/w. Runs a 5 train D37-C34-E36-H37-J35 for 100. Pays full dividends: 40 to Neil (Neil has 1030), 10 to Frank (Frank has 769), 20 to John (John has 512). Share price moves right to 104. CL (John): Lays tile 432 in H31/e. Places token in H23 for 320 (CL has 226). Runs a 4 train H21(se)-H23-H31(sw)-H31(ne) for 190. Pays full dividends: 114 to John (John has 626), 57 to Tony (Tony has 1072), 19 to Neil (Neil has 1049). Share price moves right to 102. MS (Frank): Lays tile 412 in I22/ne. Runs a 3+1 train G18(ne)-F19-G20-H21 for 180. Pays full dividends: 108 to Frank (Frank has 877), 72 to treasury (MS has 474). Share price moves right to 99. Buys a 4+1 train from Ug for 1 (MS has 473, Ug has 74). Th (Tony): Lays tile 216 in C34/sw. Runs a 4G train B33-C32-C32-C34-E36-H37-J35-I34-F33-F31-F29-F23-H21-H19-G18 for 300 (plus mine of 50). Pays full dividends: 150 to Tony (Tony has 1222), 90 to Neil (Neil has 1139), 60 to John (John has 686), and 50 to treasury (Th has 106). Share price moves right to 95. BK (John): Lays tile 430 in E18/sw. Runs a 3+1 train G18(e)-G20-F19-E18 for 190, and a 4 train G18(nw)-E18-C24-E26 for 180, total 370. Pays full dividends: 222 to John (John has 908), 111 to Tony (Tony has 1333), 37 to Neil (Neil has 1176). Share price moves right to 87. SB (Tony): Lays tile 432 in J29/w. Runs a 4+2 train H31-J29(ne)-J29(sw)-J25-I24-H23 for 210. Pays full dividends: 105 to Tony (Tony has 1438), 63 to Neil (Neil has 1239), 21 to John (John has 929), 21 to treasury (SB has 104). Share price moves right to 87. BH (Frank): Lays tile 45 in J21/se. Places token in H23 for 240 (BH has 92). Runs a 4E train G18-I16-J17-H23 for 220. Withholds dividends: 220 to treasury (BH has 312). Share price moves left (and down via arrow) to 57 (row 8). Status at the end of Operating Round 7b: Player holdings: Player Shares Cert. Count Money Tony Ug 10%, KK 50%P, CL 30%, Th 50%P, SB 50%P, BK 30% 20 / 21 1438 Frank Ug 50%P, Sd 50%P, KK 20%, GT 10%, MS 60%P, BH 60%P 18 / 21 877 Neil Ug 10%, Sd 40%, KK 30%, CL 10%, GT 40%P, Th 30%, SB 30%, BK 10%, BH 30% 19 / 21 1239 John Ug 30%, Sd 10%, CL 60%P, GT 20%, Th 20%, SB 10%, BK 60%P, BH 10% 20 / 21 929 Company holdings: Comp Pres Station hexes #Sta Trains Treas Last Par Market + (reserved) left Run Value Value Ug Frank H23,K22,H21 0 4G 74 220 175 185 (row 3) Sd Frank G18,G14,I8,J17,K6 0 3G 61 310 142 240 (row 3) KK Tony G18,H21 1 4,4,3G 51 620 120 154 (row 2) GT Neil D37 2 5 240 100 104 104 (row 1) CL John C34,H31,H23 0 4 226 190 104 102 (row 2) MS Frank E18,G20,H21 0 3+1,4+1 473 180 75 99 (row 6) Th Tony F29,H21,H31 0 4G 106 300 91 95 (row 3) BK John C12,E18,G20 0 3+1,4 251 370 70 87 (row 7) SB Tony J37,J29 1 4+2 104 210 80 87 (row 7) BH Frank N21,J17,H23 0 4E 312 220 70 57 (row 8) Bank Pool: 4 shares MS, 1 share SB. The Bank has 7467 remaining. One 5 train (800) and one 4G train (1000) are available. Stock round 8: Frank: Buy a share of SB from the bank pool for 87 (Frank has 790). Neil: Buy a share of MS from the bank pool for 99 (Neil has 1140). John: Buy a share of MS from the bank pool for 99 (John has 830). Tony: Buy a share of MS from the bank pool for 99 (Tony has 1339). Frank: Buy a share of GT from the initial offering for 104 (Frank has 686). Neil: Buy a share of MS from the bank pool for 99 (Neil has 1041). John: Buy a share of GT from the initial offering for 104 (John has 726). Tony: Pass. Frank: Buy a share of GT from the initial offering for 104 (Frank has 582). All pass. Neil has Priority Deal. All companies are sold out. All presidents own at least 50% of their companies, so all move up-and-left: Sd moves up-and-left to 260 (row 2); Ug moves up-and-left to 195 (row 2); KK moves up-and-left to 162 (row 1); GT is blocked by the top edge of the stock price chart; CL moves up-and-left to 104 (row 1); MS moves up-and-left to 102 (row 5); Th moves up-and-left to 97 (row 2); BK and SB move up-and-left to 89 (row 6); and BH is blocked by the upper-left edge of the stock price chart. Status at the end of Stock Round 8: Player holdings: Player Shares Cert. Count Money Tony Ug 10%, KK 50%P, CL 30%, MS 10%, Th 50%P, SB 50%P, BK 30% 21 / 21 1339 Frank Ug 50%P, Sd 50%P, KK 20%, GT 30%, MS 60%P, BH 60%P, SB 10% 21 / 21 582 Neil Ug 10%, Sd 40%, KK 30%, CL 10%, GT 40%P, MS 20%, Th 30%, SB 30%, BK 10%, BH 30% 21 / 21 1041 John Ug 30%, Sd 10%, CL 60%P, GT 30%, MS 10%, Th 20%, SB 10%, BK 60%P, BH 10% 21 / 21 726 Company holdings: Comp Pres Station hexes #Sta Trains Treas Last Par Market + (reserved) left Run Value Value Sd Frank G18,G14,I8,J17,K6 0 3G 61 310 142 260 (row 2) Ug Frank H23,K22,H21 0 4G 74 220 175 195 (row 2) KK Tony G18,H21 1 4,4,3G 51 620 120 162 (row 1) GT Neil D37 2 5 240 100 104 104 (row 1) CL John C34,H31,H23 0 4 226 190 104 104 (row 1) MS Frank E18,G20,H21 0 3+1,4+1 473 180 75 102 (row 5) Th Tony F29,H21,H31 0 4G 106 300 91 97 (row 2) BK John C12,E18,G20 0 3+1,4 251 370 70 89 (row 6) SB Tony J37,J29 1 4+2 104 210 80 89 (row 6) BH Frank N21,J17,H23 0 4E 312 220 70 57 (row 8) The Bank has 8163 remaining. One 5 train (800) and one 4G train (1000) are available. Operating Round 8a: Sd (Frank): Lays tile 63 in I16/sw. Runs 3G train P21-O18-N15-M14-L13-K14-J13-J17-H19-G18 for 220 (plus mine of 60). Pays full dividends: 110 to Frank (Frank has 692), 88 to Neil (Neil has 1129), 22 to John (John has 748), and 60 to treasury (Sd has 121). Share price moves right to 300. Ug (Frank): Lays tile 25 in I14/sw. Runs 4G train P21-O18-N15-M14-L13-K14-J13-I16-H19-H21(s)-H23-F23-F31-F33-I34- J35-H37-E36 for 320 (plus mine of 60). Pays full dividends: 160 to Frank (Frank has 852), 96 to John (John has 844), 32 to Neil (Neil has 1161), 32 to Tony (Tony has 1371), and 60 to treasury (Ug has 134). Share price moves right to 225. KK (Tony): Lays tile 431 in L13/ne. Runs a 4 train E18-G18-F19-G20 for 190, a 4 train G18-H19-H21(s)-H23 for 200, and a 3G train P21-O18-N15-M14-L13-K14-J13-I16-G18 for 230 (plus mine of 60). total 620 (plus mine of 60). Pays full dividends: 310 to Tony (Tony has 1681), 186 to Neil (Neil has 1347), 124 to Frank (Frank has 976), and 60 to treasury (KK has 111). Share price moves right to 181. GT (Neil): Lays tile 401 in F39/w. Runs 5 train D37-C34-E36-F39 for 120. Pays half dividends: 24 to Neil (Neil has 1371), 18 to Frank (Frank has 994), 18 to John (John has 862), 60 to treasury (GT has 300). Share price moves down-and-right to 102 (row 2). CL (John): No tile lay. Runs 4 train H21-H23-H31(sw)-H31(ne) for 190. Pays full dividends: 114 to John (John has 976), 57 to Tony (Tony has 1738), 19 to Neil (Neil has 1390). Share price moves right to 114. MS (Frank): Lays tile 430 in J17/sw. Runs a 3+1 train H23-H21(n)-H19-G18(se) for 200 and and a 4+1 train H21(n)-G20-F19-E18-G18(nw) for 230, total 430. Pays full dividends: 258 to Frank (Frank has 1252), 86 to Neil (Neil has 1476), 43 to John (John has 1019), and 43 to Tony (Tony has 1781). Share price moves right to 109. Th (Tony): Lays tile 9 in H15/se for 70K (Th has 36). Runs a 4G train P21-O18-N15-M14-L13-K14-J13-I16-H19-H21(n)-F23-F31-F33-I34- J35-H37-E36-C34-C32-C32 for 340 (plus mine of 60). Pays full dividends: 170 to Tony (Tony has 1951), 102 to Neil (Neil has 1578), 68 to John (John has 1087), and 60 to treasury (Th has 96). Share price moves right to 102. BK (John): Lays tile 419 in E14/e. Runs a 3+1 train G18(e)-G20-F19-E18 for 190, and a 4 train G18(nw)-E18-C24-E26 for 180, total 370. Withholds dividends: 370 to treasury (BK has 621). Share price moves left to 85. SB (Tony): Lays tile 42 in I36/sw Runs a 4+2 train H31(s)-J29(n)-J29(s)-J25-I24-H23 for 210. Pays full dividends: 105 to Tony (Tony has 2056), 21 to Frank (Frank has 1273), 63 to Neil (Neil has 1641), 21 to John (John has 1108). Share price moves right to 94. BH (Frank): Lays tile 431 in J37/nw. Runs a 4E train G18-J17-H23-J37 for 260. Withholds dividends: 260 to treasury (BH has 572). Buys a 4+1 train from MS for 537 (BH has 35, MS has 1010). Share price moves left (and down via arrow) to 51 (row 9). Status at the end of Operating Round 8a: Player holdings: Player Shares Cert. Count Money Tony Ug 10%, KK 50%P, CL 30%, MS 10%, Th 50%P, SB 50%P, BK 30% 21 / 21 2056 Frank Ug 50%P, Sd 50%P, KK 20%, GT 30%, MS 60%P, BH 60%P, SB 10% 21 / 21 1273 Neil Ug 10%, Sd 40%, KK 30%, CL 10%, GT 40%P, MS 20%, Th 30%, SB 30%, BK 10%, BH 30% 21 / 21 1641 John Ug 30%, Sd 10%, CL 60%P, GT 30%, MS 10%, Th 20%, SB 10%, BK 60%P, BH 10% 21 / 21 1108 Company holdings: Comp Pres Station hexes #Sta Trains Treas Last Par Market + (reserved) left Run Value Value Sd Frank G18,G14,I8,J17,K6 0 3G 121 220 142 300 (row 2) Ug Frank H23,K22,H21 0 4G 134 320 175 225 (row 2) KK Tony G18,H21 1 4,4,3G 111 620 120 181 (row 1) CL John C34,H31,H23 0 4 226 190 104 114 (row 1) MS Frank E18,G20,H21 0 3+1 1010 430 75 109 (row 5) GT Neil D37 2 5 300 120 104 102 (row 2) Th Tony F29,H21,H31 0 4G 96 340 91 102 (row 2) SB Tony J37,J29 1 4+2 104 210 80 94 (row 6) BK John C12,E18,G20 0 3+1,4 621 370 70 85 (row 6) BH Frank N21,J17,H23 0 4E,4+1 35 260 70 51 (row 9) The Bank has 4853 remaining. One 5 train (800) and one 4G train (1000) are available. Operating round 8b: Sd (Frank): Lays tile 25 in O20/w. Runs a 3G train P21-O18-N15-M14-L13-K14-J13-J17-H19-G18 for 250 (plus mine of 60). Pays full dividends: 125 to Frank (Frank has 1398), 100 to Neil (Neil has 1741), 25 to John (John has 1133) and 60 to Sd treasury (Sd has 181). Share price moves right to 340. Ug (Frank): Lays tile 216 in N21/ne. Runs a 4G train P21-O18-N15-M14-L13-K14-J13-I16-H19-H21-H23-F23-F31-F33-I34- J35-H37-E36 for 340 (plus mine of 60). Pays full dividends: 170 to Frank (Frank has 1568), 102 to John (John has 1235), 34 to Neil (Neil has 1775), 34 to Tony (Tony has 2090), and 60 to treasury (Ug has 194). Share price moves right to 260. KK (Tony): Lays tile 432 in G14/sw. Places token in I16 for 80 (KK has 31). Runs a 4 train G14-G14-I16-G18(sw) for 200, a 4 train G18(se)-H19-H21-H23 for 200, and a 3G train P21-O18-N15-M14-L13-K14-J13-G14-G18(nw)-F17-F19 for 250 (plus mine of 60). total 650 (plus mine of 60). Pays full dividends: 325 to Tony (Tony has 2415), 130 to Frank (Frank has 1698), 195 to Neil (Neil has 1970), and 60 to treasury (KK has 91). Share price moves right to 205. CL (John): Lays tile 431 at C24/se. Runs 4 train H21-H23-H31(sw)-H31(ne) for 190. Pays full dividends: 114 to John (John has 1349), 57 to Tony (Tony has 2472), 19 to Neil (Neil has 1989). Share price moves right to 121. Buys a 3+1 train from BK for 225 (CL has 1, BK has 846). MS (Frank): Lays tile 23 in J15/w. Runs 3+1 train G18-F19-E18-C24 for 200. Pays full dividends: 120 to Frank (Frank has 1818), 40 to Neil (Neil has 2029), 20 to John (John has 1369), 20 to Tony (Tony has 2492). Share price moves right to 116. Buys a 4G train from the bank for 1000 (MS has 10). GT (Neil): Lays tile 208 in D37/se. (This build was ordered as "ne" but that is impossible because it would run track off the hex grid. I've laid it in the only legal position.) Runs 5 train D37-C34-E36-H37-J37 for 170. Pays full dividends: 51 to Frank (Frank has 1869), 68 to Neil (Neil has 2097), 51 to John (John has 1420). Share price moves right to 111. Th (Tony): Lays tile 406 in J27/e. Runs a 4G train P21-O18-N15-M14-L13-K14-J13-I16-H19-H21(n)-F23-F31-F33-I34- J35-H37-E36-C34-C32-C32 for 340 (plus mine of 60). Pays full dividends: 170 to Tony (Tony has 2662), 102 to Neil (Neil has 2199), 68 to John (John has 1488), and 60 to treasury (Th has 156). Share price moves right to 111. SB (Tony): Lays tile 430 in J27/se. Runs a 4+2 train J29-J29-J27-J25-I24-H23 for 220. Pays full dividends: 110 to Tony (Tony has 2772), 22 to Frank (Frank has 1891), 66 to Neil (Neil has 2265), 22 to John (John has 1510). Share price moves right to 99. BK (John): Lays tile 410 in E16/e. Runs a 4 train G18(nw)-E18-C24-E26 for 200. Pays full dividends: 120 to John (John has 1630), 60 to Tony (Tony has 2832), 20 to Neil (Neil has 2285). Share price moves right to 89. Buys a 5 train from the bank for 800 (BK has 46). BH (Frank): Lays tile 46 in O20/se. Runs a 4E train G18(se)-J17-H23-J37 for 260, and a 4+1 train G18(w)-G14-I16-J17-J13 for 220, total 480. Pays full dividends: 288 to Frank (Frank has 2179), 144 to Neil (Neil has 2429), and 48 to John (John has 1678). Share price moves right to 55. Status at the end of Operating Round 8b: Player holdings: Player Shares Cert. Count Money Tony Ug 10%, KK 50%P, CL 30%, MS 10%, Th 50%P, SB 50%P, BK 30% 21 / 21 2832 Frank Ug 50%P, Sd 50%P, KK 20%, GT 30%, MS 60%P, BH 60%P, SB 10% 21 / 21 2179 Neil Ug 10%, Sd 40%, KK 30%, CL 10%, GT 40%P, MS 20%, Th 30%, SB 30%, BK 10%, BH 30% 21 / 21 2429 John Ug 30%, Sd 10%, CL 60%P, GT 30%, MS 10%, Th 20%, SB 10%, BK 60%P, BH 10% 21 / 21 1678 Company holdings: Comp Pres Station hexes #Sta Trains Treas Last Par Market + (reserved) left Run Value Value Sd Frank G18,G14,I8,J17,K6 0 3G 181 250 142 340 (row 2) Ug Frank H23,K22,H21 0 4G 194 340 175 260 (row 2) KK Tony G18,H21,I16 0 4,4,3G 91 650 120 205 (row 1) CL John C34,H31,H23 0 3+1,4 1 190 104 121 (row 1) MS Frank E18,G20,H21 0 3+1,4G 10 200 75 116 (row 5) GT Neil D37 2 5 300 170 104 111 (row 2) Th Tony F29,H21,H31 0 4G 156 340 91 111 (row 2) SB Tony J37,J29 1 4+2 104 220 80 99 (row 6) BK John C12,E18,G20 0 4,5 46 200 70 89 (row 6) BH Frank N21,J17,H23 0 4E,4+1 35 480 70 55 (row 9) The Bank has 3373 remaining. One 5E train (830) is available. All the goods trains have been sold. Operating round 8c: Sd (Frank): Lays tile 8 in K12/se for 110. (Sd has 71.) Runs 3G train P21-O18-N15-M14-L13-K14-J13-J17-H19-G18 for 250 (plus mine of 60). Pays full dividends: 125 to Frank (Frank has 2304), 100 to Neil (Neil has 2529), 25 to John (John has 1703), 60 to treasury (Sd has 131). Share price moves right to 380. Ug (Frank): Lays tile 8 in N19/se for 70. (Ug has 124.) Runs 4G train P21-O18-N15-M14-L13-K14-J13-I16-H19-H21-H23-F23-F31-F33-I34- J35-H37-E36 for 340 (plus mine of 60). Pays full dividends: 170 to Frank (Frank has 2474), 102 to John (John has 1805), 34 to Neil (Neil has 2563), 34 to Tony (Tony has 2866), and 60 to treasury (Ug has 184). Share price moves right to 300. KK (Tony): Lays tile 216 in H11/se. Runs a 4 train G14-G14-I16-G18(sw) for 200, a 4 train E18-G18(nw)-G14-H11 for 220, and a 3G train P21-O18-N15-M14-L13-K14-J13-I16-H19-G18(se) for 240 (plus mine of 60), total 660 (plus mine of 60). Pays full dividends: 330 to Tony (Tony has 3196), 132 to Frank (Frank has 2606), 198 to Neil (Neil has 2761), 60 to treasury (KK has 151). Share price moves right to 240. CL (John): Lays tile 63 in K22/se. Runs a 3+1 train J37-J35(n)-H31(sw)-H23 for 180, and a 4 train H21(se)-H23-J17 for 160, total 320. Pays full dividends: 192 to John (John has 1997), 96 to Tony (Tony has 3292), 32 to Neil (Neil has 2793). Share price moves right to 132. MS (Frank): Lays tile 9 in K16/nw. Runs a 3+1 train G18-F19-E18-C24 for 200 and a 4G train P21-O18-N15-M14-L13-K14-J13-I16-H19-H21-F23-F31-F33-I34- J35-H37-E36-C34-C32-C32 for 340 (plus mine of 60), total 540 (plus mine of 60). Pays full dividends: 324 to Frank (Frank has 2930), 108 to Neil (Neil has 2901), 54 to John (John has 2051), 54 to Tony (Tony has 3346), and 60 to treasury (MS has 70). Share price moves right to 125. GT (Neil): Lays tile 216 in D37/w. Runs a 5-train D37-C34-E36-H37-J37 for 180. Pays full dividends: 72 to Neil (Neil has 2973), 54 to Frank (Frank has 2984), 54 to John (John has 2105). Share price moves to right to 118. Th (Tony): Lays tile 47 in I30/sw. Runs a 4G train P21-O18-N15-M14-L13-K14-J13-I16-H19-H21-F23-F31-F33-I34-J35- H37-E36-C34-C32-C32 for 340 (plus mine of 60). Pays full dividends: 170 to Tony (Tony has 3516), 102 to Neil (Neil has 3075), 68 to John (John has 2173), and 60 to treasury (Th has 216). Share price moves right to 118. SB (Tony): Lays tile 43 in I32/e. Runs a 4+2 train J29-J29-J27-J25-I24-H23 for 220. Pays full dividends: 110 to Tony (Tony has 3626), 22 to Frank (Frank has 3006), 66 to Neil (Neil has 3141), 22 to John (John has 2195). Share price moves right to 106. BK (John): Lays tile 63 in F23/se. Runs a 4 train G18(e)-G20-F19-E18 for 190 and a 5 train G18(nw)-E18-C24-E26-F23 for 240, total 430. Pays full dividends: 258 to John (John has 2453), 129 to Tony (Tony has 3755), 43 to Neil (Neil has 3184). The bank has broken. Share price moves right to 94. BH (Frank): No tile lay. Runs a 4E train G18(se)-J17-H23-J37 for 260, and a 4+1 train G18(sw)-I16-J17-J13-L13 for 240, total 500. Pays full dividends: 300 to Frank (Frank has 3306), 150 to Neil (Neil has 3334), and 50 to John (John has 2503). Share price moves right to 59. The game is over. Player holdings: Player Shares Cert. Count Money Tony Ug 10%, KK 50%P, CL 30%, MS 10%, Th 50%P, SB 50%P, BK 30% 21 / 21 3755 Frank Sd 50%P, Ug 50%P, KK 20%, MS 60%P, GT 30%, SB 10%, BH 60%P 21 / 21 3306 Neil Sd 40%, Ug 10%, KK 30%, CL 10%, MS 20%, GT 40%P, Th 30%, SB 30%, BK 10%, BH 30% 21 / 21 3334 John Sd 10%, Ug 30%, CL 60%P, MS 10%, GT 30%, Th 20%, SB 10%, BK 60%P, BH 10% 21 / 21 2503 Company holdings: Comp Pres Station hexes #Sta Trains Treas Last Par Market + (reserved) left Run Value Value Sd Frank G18,G14,I8,J17,K6 0 3G 131 250 142 380 (row 2) Ug Frank H23,K22,H21 0 4G 184 340 175 300 (row 2) KK Tony G18,H21,I16 0 4,4,3G 151 660 120 240 (row 1) CL John C34,H31,H23 0 3+1,4 1 320 104 132 (row 1) MS Frank E18,G20,H21 0 3+1,4G 70 540 75 125 (row 5) GT Neil D37 2 5 300 180 104 118 (row 2) Th Tony F29,H21,H31 0 4G 216 340 91 118 (row 2) SB Tony J37,J29 1 4+2 104 220 80 106 (row 6) BK John C12,E18,G20 0 4,5 46 430 70 94 (row 6) BH Frank N21,J17,H23 0 4E,4+1 35 500 70 51 (row 9) Final standings: Player Cash Sd Ug KK CL MS GT Th SB BK BH Total Tony 3755 0 300 1200 396 125 0 590 530 282 0 7178 Frank 3306 1900 1500 480 0 750 354 0 106 0 306 8702 Neil 3334 1520 300 720 132 250 472 354 318 94 153 7647 John 2503 380 900 0 792 125 354 236 106 564 51 6011 Frank wins the game, with Neil second by 1055.