18FB pbem

OPERATING ROUND 7.2

Player	Move	Moderator notes
Jon	Company: FA, Ferrovia Alifana Track Laying Step1: O49/889/n Track Laying Ste2: Token Placement: 1 town Destination Check: Revenue Calculation: 40+30 Train Purchase:
Ale	Company: FG, Ferrovie del Gargano Track Laying Step1: none Track Laying Ste2: Token Placement: Destination Check: Revenue Calculation: 80 Train Purchase: none
Ale	Company: SEPSA, Societa per le ferrovie Napoletane Track Laying Step1: none Track Laying Ste2: Token Placement: Destination Check: Revenue Calculation: 110 Train Purchase:
Jon	Company: SFSM, Strade Ferrate Secondarie Meridionali Track Laying Step1: Track Laying Ste2: Token Placement: Destination Check: Revenue Calculation: 80 + 30 Train Purchase:
Lucio	Company: LDA, Linea degli Abruzzi Track Laying Step1: - Track Laying Ste2: - Track Laying Step3: Track Laying Step4: Token Placement: Token in Ceprano for 60 (G36) - Share value up Destination Check: Revenue Calculation: 540 Dividend Payment: Pay Dividend Train Purchase: - Financial Step: -	no share value up because already on the top. Lucio, in this version of the game the bonus is lost.
Davide	Company: FP, Ferrovia delle Puglie Track Laying Step1: #8 N in H25 Track Laying Ste2: #8 NE in H23 Track Laying Step3: #87 NW in G28 Track Laying Step4: Token Placement: Destination Check: Revenue Calculation: 490 (420+70) Dividend Payment: Pay Dividend Train Purchase: buy 1+3 from SFM per 196 (everything) Financial Step: --- Comments: sent via phone
Jon	Company: FST, Ferrovia Salerno Taranto Track Laying Step1: Track Laying Ste2: Track Laying Step3: Track Laying Step4: Token Placement: Destination Check: Revenue Calculation: 700 + 80 + 30 + 30 = 840 Dividend Payment: Pay Dividend Train Purchase: Financial Step: --- Comments: buy #7 for 270 before running
Cind	Company: FB, Ferrovie Beneventane Track Laying Step1: Track Laying Ste2: Track Laying Step3: Track Laying Step4: Token Placement: Destination Check: Revenue Calculation: 430 Dividend Payment: Pay Dividend Train Purchase: Financial Step: --- Comments: cinderella\'s move
Jon	Company: FC, Ferrovia delle Calabrie Track Laying Step1: Track Laying Ste2: Track Laying Step3: Track Laying Step4: Token Placement: F17 (From F11 90) 2 towns Destination Check: Revenue Calculation: 620 + 40 + 40 + 30 = 730 Dividend Payment: Pay Dividend Train Purchase: Financial Step: --- Comments: buy #1 for 170
Ale	Company: LTF, Linea Tronto Taranto Track Laying Step1: Track Laying Ste2: Track Laying Step3: Track Laying Step4: Token Placement: Destination Check: Revenue Calculation: 390 Dividend Payment: Pay Dividend Train Purchase: Financial Step:
Davide	Company: SFM, Strade Ferrate Meridionali Track Laying Step1: #204 NE in H29 Track Laying Ste2: #19 NW in H31 Track Laying Step3: #8 N in H33 Track Laying Step4: Token Placement: token in G36, pay 340, collect 8 small towns Destination Check: yes, share value up Revenue Calculation: 280 (80+40+40+120) Dividend Payment: Pay Dividend Train Purchase: Financial Step:	no bonus, the LDA has already a token in G36 revenue is 250 (1+3 train was sold)
Davide	Company: RA, Rete Adriatica Track Laying Step1: Track Laying Ste2: Track Laying Step3: Track Laying Step4: Token Placement: Destination Check: Revenue Calculation: 570 Dividend Payment: Pay Dividend Train Purchase: Financial Step:
Ale	Company: RM, Rete Mediterranea Track Laying Step1: Track Laying Ste2: Track Laying Step3: Track Laying Step4: Token Placement: token in Rome, pay 140, collect 3 towns Destination Check: Revenue Calculation: 720 (580+140) Dividend Payment: Pay Dividend Train Purchase: Financial Step: --- Comments: before run: buy #5 per 130+80=210; buy #6 per 160+110=270; collect 335 in cash	Correction: cash collected from regional companies is 160+270 = 430

OPERATING ROUND 7.1

Player	Move	Moderator notes
Jon	Track Laying Step1: N54/20/s Track Laying Ste2: Token Placement: Destination Check: Revenue Calculation: 40 + 30 Train Purchase:
Jon	Track Laying Step1: G26/889/n Track Laying Ste2: Token Placement: one Destination Check: Revenue Calculation: 50 + 30 Train Purchase:
Davide	Track Laying Step1: #146 in M24 Track Laying Ste2: no Token Placement: 1 marker Destination Check: Revenue Calculation: 80 Train Purchase: none
Ale	Track Laying Step1: #58 SE in N27 Track Laying Ste2: Token Placement: 1 marker Destination Check: Revenue Calculation: 80 Train Purchase: none
Ale	Track Laying Step1: 146 in M55 Track Laying Ste2: Token Placement: 1 marker Destination Check: Revenue Calculation: 110 Train Purchase: none
Jon	Track Laying Step1: N58/889/n Track Laying Ste2: Token Placement: one Destination Check: Revenue Calculation: 80 + 30 Train Purchase:
Lucio	Track Laying Step1: Track Laying Ste2: Track Laying Step3: Track Laying Step4: Token Placement: Token in Benevento (I30) for 70 - Share value up Destination Check: Revenue Calculation: 540 Dividend Payment: Pay Dividend Train Purchase: Financial Step:	forced sell of the RM because in the dark blue area
Davide	Company: FP, Ferrovia delle Puglie Track Laying Step1: upgrade M49 to green Track Laying Ste2: upgrade M49 to brown Track Laying Step3: Track Laying Step4: Token Placement: token in M47, pay 20, collect 2 small towns Destination Check: nope Revenue Calculation: 570 (470 cities + ports, 100 small towns) Dividend Payment: Pay Dividend Train Purchase: nope Financial Step: nope --- Comments: acquire regional #4 before train running for 210 (130+80); Davide receives 335 (210+125)
Jon	Company: FST, Ferrovia Salerno Taranto Track Laying Step1: F7/87/se Track Laying Ste2: F9/9/sw Track Laying Step3: Track Laying Step4: Token Placement: Destination Check: Revenue Calculation: 480 + (50 + 40 +30) + (40 + 30 + 30) = 700 Dividend Payment: Pay Dividend Train Purchase: Financial Step: sell FC (150) --- Comments: Aquire #3 after track laying for 200 (Jon gets 240)
Cind	Company: FB, Ferrovie Beneventane Track Laying Step1: Track Laying Ste2: Track Laying Step3: Track Laying Step4: Token Placement: Destination Check: Revenue Calculation: 430 Dividend Payment: Pay Dividend Train Purchase: Financial Step: --- Comments: cinderella\'s move
Ale	Company: LTF, Linea Tronto Taranto Track Laying Step1: upgrade G36 to green Track Laying Ste2: upgrade G36 to brown Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: 390 (usual) Dividend Payment: Pay Dividend Train Purchase: none Financial Step: none
Davide	Company: SFM, Strade Ferrate Meridionali Track Laying Step1: #204 S in G14 Track Laying Ste2: #8 N in H13 Track Laying Step3: #9 SW in H11 Track Laying Step4: #24 SW in H9 Token Placement: token in F17, pay 110, collect 4 small towns Destination Check: yes, share value up Revenue Calculation: none Dividend Payment: Pay Dividend Train Purchase: buy brand new 7+9 per 1100, buy regional 1+3 from FP per 1 Financial Step: buy FP from BP per 200 --- Comments: sent via phone	FP cannot be bought (light blue area)
Jon	Track Laying Step1: O49/87/nw Track Laying Ste2: O51/9/ne Track Laying Step3: O53/8/n Track Laying Step4: Token Placement: B5 (20) Destination Check: B5 price up 10 Revenue Calculation: 620 Dividend Payment: Pay Dividend Train Purchase: Financial Step: sell FC (170)
Davide	Track Laying Step1: Track Laying Ste2: Track Laying Step3: Track Laying Step4: Token Placement: Destination Check: Revenue Calculation: 570 (480+90) Dividend Payment: Pay Dividend Train Purchase: Financial Step: --- Comments: sent via phone
Ale	Company: RM, Rete Mediterranea Track Laying Step1: 4 S in O6 Track Laying Ste2: #9 SE in P7 Track Laying Step3: yellow in Q8 Track Laying Step4: green in Q8 Token Placement: token in Q8, pay 30, 4 small towns Destination Check: Revenue Calculation: 540 Dividend Payment: Pay Dividend Train Purchase: nope Financial Step: sell everything for a total of 430

STOCK ROUND 7

Player	Move	Moderator notes
Jon	SELL: sell FP (210) (I was expecting 3 ORs, I should have read the rules.) --- BUY: Buy RA (110)
Cinderella	SELL: --- BUY: buy RA at 110 (cinderella)
Ale	SELL: --- BUY: buy RA at 110
Davide	SELL: --- BUY: buy FST per 180
Lucio	SELL: --- BUY: Buy FST (180)
Jon	PASS	autopass
Cinderella	SELL: --- BUY: Buy FC (140)
Ale	SELL: --- BUY: buy FP (200)
Davide	SELL: --- BUY: launch SFM at 150
Lucio	SELL: --- BUY: buy SFM (150)
Jon	autopass
Cinderella	pass	see cinderella algorithm
Ale	pass
Davide	sell 1 FST, buy 1 SFM
Lucio	sell 1 FST, buy 1 SFM
Jon	autopass
Cinderella	buy 1 FST	see cinderella algorithm
Ale	pass
Davide	pass
Lucio	sell 1 FP, buy 1 SFM
Jon	autopass
Cinderella	pass
Ale	pass
Davide	pass
Lucio	pass

OPERATING ROUND 6.2

Player	Move	Moderator notes
Jon	Company: FA, Ferrovia Alifana Track Laying Step1: F34/4/se Track Laying Ste2: Token Placement: 1 town Destination Check: Revenue Calculation: 40+30 Train Purchase:
Lucio	Company: FAS, Ferrovia Adriatico Sangritana Track Laying Step1: 4nw at J39 (Popoli) Track Laying Ste2: - Token Placement: One (Popoli) Destination Check: - Revenue Calculation: 40+30 Train Purchase: -
Jon	Company: FdC, Ferrovia delle Calabrie Track Laying Step1: G22/889/n Track Laying Ste2: Token Placement: 1 town Destination Check: Revenue Calculation: 50 + 20 Train Purchase: buy 1+3 from #7 for all (85)
Davide	Company: FAL, Ferrovie Appulo Lucane Track Laying Step1: town brown in M16 Track Laying Ste2: Token Placement: 1 chip Destination Check: Revenue Calculation: 80 Train Purchase:
Ale	Company: FG, Ferrovie del Gargano Track Laying Step1: #58 in J23 NW Track Laying Ste2: Token Placement: 1 chip Destination Check: Revenue Calculation: 80 Train Purchase: --- Comments:
Ale	Company: SEPSA Track Laying Step1: #58 in g28 SW Track Laying Ste2: Token Placement: 1 chip Destination Check: Revenue Calculation: 110 Train Purchase: --- Comments:
Jon	Company: SFSM, Strade Ferrate Secondarie Meridionali Track Laying Step1: G26/204/se Track Laying Ste2: Token Placement: Destination Check: Revenue Calculation: 80+20 Train Purchase:
Davide	Company: FP, Ferrovia delle Puglie Track Laying Step1: G34 brown Track Laying Ste2: Track Laying Step3: Track Laying Step4: Token Placement: Rome, pay 140, 3 small towns Destination Check: none Revenue Calculation: 460 (390+70) Dividend Payment: Pay Dividend Train Purchase: none Financial Step: buy RM per 70
Lucio	Company: LDA, Linea degli Abruzzi Track Laying Step1: 6ne at G36 (Ceprano) Track Laying Ste2: - Track Laying Step3: Track Laying Step4: Token Placement: Caserta for 10 Destination Check: - Revenue Calculation: 470 Dividend Payment: Pay Dividend Train Purchase: - Financial Step: Buy FAS from me at 180 ? - If possible buy for RM 70	yes, 180 is the right price FAS is acquired before running the trains Adjusted revenue is 530 yes, buy RM at 70
Jon	Company: FST, Ferrovia Salerno Taranto Track Laying Step1: I14/58/s Track Laying Ste2: H15/58/n Track Laying Step3: Track Laying Step4: Token Placement: B2 (20) Destination Check: Revenue Calculation: 480+120+90 = 690 Dividend Payment: Pay Dividend Train Purchase: Financial Step: Buy FC (IO) for 130 --- Comments: First, buy #3 for 190?	token in P13 instead. Cost 10 extra no regional acquired revenue is 480
Cind	Company: FB, Ferrovie Beneventane Track Laying Step1: Track Laying Ste2: Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: Revenue Calculation: 430 Dividend Payment: Pay Dividend Train Purchase: Financial Step: --- Comments: cinderella move
Ale	Company: LTF, Linea Tronto Taranto Track Laying Step1: green in G14 Track Laying Ste2: brown in G14 Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: 390 Dividend Payment: Pay Dividend Train Purchase: none Financial Step: none
Jon	Company: FC, Ferrovia delle Calabrie Track Laying Step1: E24/9/s Track Laying Ste2: D25/9/s Track Laying Step3: E6/23/nw Track Laying Step4: Token Placement: C26 (130) Destination Check: Revenue Calculation: 460 Dividend Payment: Half Dividend Train Purchase: Financial Step: Buy FC (140)
Davide	Company: RA, Rete Adriatica Track Laying Step1: green town in L41 Track Laying Ste2: brown town in L41 Track Laying Step3: green town in K42 Track Laying Step4: brown town in K42 Token Placement: J41 and rome off-map, collect 7 small towns Destination Check: none Revenue Calculation: 480 Dividend Payment: Pay Dividend Train Purchase: repay leasing Financial Step: buy RA per 110 --- Comments: sent via phone	tokens cost 90+80=170 revenue is 480+90=570 withhold
Ale	Company: RM, Rete Mediterranea Track Laying Step1: #4 S in N9 Track Laying Ste2: #58 NW in M8 Track Laying Step3: #8 S in M6 Track Laying Step4: #58 S in N5 Token Placement: M14 cost 150, O10 cost 30, 5 small towns Destination Check: none Revenue Calculation: 520 Dividend Payment: Pay Dividend Train Purchase: Financial Step: buy RA for 110

OPERATING ROUND 6.1

Player	Move	Moderator notes
Jon	Track Laying Step1: F21/146/nw Track Laying Ste2: Token Placement: 1 marker Destination Check: Revenue Calculation: 40 + 20 Train Purchase: none
Lucio	Track Laying Step1: 3/ne (to go to Campoli) at K42 (Teramo) Track Laying Ste2: Token Placement: 1 marker Destination Check: Revenue Calculation: 50 Train Purchase: none
Jon	Track Laying Step1: F19/900/2 Track Laying Ste2: Token Placement: 1 marker Destination Check: Revenue Calculation: 50+10 Train Purchase: none
Davide	Track Laying Step1: #58 N in J15 (Rocca) Track Laying Ste2: no Token Placement: 1 marker Destination Check: yes, 30 Revenue Calculation: 50+20 Train Purchase: nope
Ale	Track Laying Step1: #9 SE in M28 Track Laying Ste2: #3SW in N29 (Vico) Token Placement: 1 marker Destination Check: yes, 30 paid Revenue Calculation: 50+20 Train Purchase: none
Ale	Track Laying Step1: brown in M57 (Torregaveta) Track Laying Ste2: #58SE in N58 (Licola) Token Placement: 2 markers Destination Check: yes, 30 paid Revenue Calculation: 80+20 Train Purchase: none
Jon	Track Laying Step1: o49/58/ne Track Laying Ste2: o47/4/se Token Placement: 2 markers Destination Check: yes, 30 paid Revenue Calculation: 80+20 Train Purchase: 1+3 for 100
Davide	Track Laying Step1: upgrade pontecorvo (G34) to brown Track Laying Ste2: #8 N in F37 Track Laying Step3: #58 SW in E38 Track Laying Step4: Token Placement: token in Andria, L23, pay 20, 1 small town Destination Check: yes, share value up Revenue Calculation: 440 (370 cities&ports, 70 small towns) Dividend Payment: Pay Dividend Train Purchase: none Financial Step: sell FS, SFTF, FSC per 260; buy LTF per 120
Lucio	Track Laying Step1: 88sw at K44 (Campoli) Track Laying Ste2: 63 at J41 (L'Aquila) Track Laying Step3: Track Laying Step4: Token Placement: Token in Pescara (L39) paying 110 intercepting 5 Destination Check: Pescara - shares value up Revenue Calculation: 510 Dividend Payment: Half Dividend Train Purchase: Financial Step:	Revenue is 500
Jon	Track Laying Step1: O47/204/s Track Laying Ste2: O47/900/s Track Laying Step3: Track Laying Step4: Token Placement: L23 (20- 1 small town) Destination Check: L23 - share price up one Revenue Calculation: 480 Dividend Payment: Pay Dividend Train Purchase: Financial Step: sell FST (180), sell FC (140) --- Comments: #7 destination	L23 is fully occupied, no token placed shares are sold for 310 in total
Jon	Track Laying Step1: B3/24/sw Track Laying Ste2: B5/yellow Track Laying Step3: B5/14/sw Track Laying Step4: Token Placement: F23 (via G22) (210 - 5 small towns) Destination Check: Revenue Calculation: Dividend Payment: Pay Dividend Train Purchase: Buy 7+9 (1100) Financial Step: --- Comments: 1100 = 986 (cash) + 48 (FST div) + 90 (sell FST) - 210 (token) + 186 (Jon)	7 small towns intercepted FST is sold for 85 Jon contributes with 191 Phase 6 is triggered
Cind	Track Laying Step1: upgrade Avellino (G27) to brown Track Laying Ste2: Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: 430 Dividend Payment: Pay Dividend Train Purchase: none Financial Step: none --- Comments: cinderella move
Ale	Track Laying Step1: green in N58 Track Laying Ste2: green in M55 Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: 390 Dividend Payment: Pay Dividend Train Purchase: none Financial Step: none
Davide	Track Laying Step1: brown in M22 Track Laying Ste2: brown in L25 Track Laying Step3: #901 in M24 Track Laying Step4: Token Placement: token in Foggia (L27), pay 80, 7 small towns Destination Check: none Revenue Calculation: 420 Dividend Payment: Withhold Train Purchase: none Financial Step: sell 3 RA shares per 110 --- Comments: 1034 in the treasury, not enough to repay the train	correction: sell 2 shares only due to 50% limitation of the bank pool also place a token in Pescara paying 180 and collecting 5 small towns Revenue is 500
Ale	Track Laying Step1: brown in M47 Track Laying Ste2: Track Laying Step3: Track Laying Step4: Token Placement: token in Caserta, pay 30, 1 small town Destination Check: none Revenue Calculation: 460 Dividend Payment: Pay Dividend Train Purchase: none Financial Step: none

STOCK ROUND 6

Player	Move	Moderator notes
Jon	SELL: sell FS (150) sell 5 NN (350) --- BUY: buy LdA (160)
Cinderella	PASS
Ale	BUY NN per 20
Davide	buy FB from BP
Lucio	SELL FS for 140 and SFTF for 100 BUY FSC from bank pool for 80
Jon	buy LTF(150)
Cinderella	PASS
Ale	buy NN per 20
Davide	buy FB
Lucio	buy NN per 20 form bank pool
Jon	sell 3 LTF (450), FC IO (130)
Cinderella	PASS
Ale	buy NN per 20
Davide	PASS
Lucio	BUY FSC from bank pool for 80
Jon	FC IO (130)
Cinderella	PASS
Ale	sell 2FS per 260, buy FB per 120
Davide	PASS
Lucio	SELL 3 NN for 20 each; SELL 2 FSC for 80 each, BUY FB from bank pool for 120
Jon	buy FC from IO
Cinderella	PASS
Ale	buy NN for 10
Davide	PASS
Lucio	BUY FB from bank pool for 120
Jon	PASS
Cinderella	PASS
Ale	buy NN per 10
Davide	PASS
Lucio	BUY FB from bank pool for 120
Jon	PASS
Cinderella	PASS
Ale	PASS
Davide	PASS
Lucio	BUY FB from bank pool for 120
Jon	PASS
Cinderella	PASS
Ale	PASS
Davide	PASS
Lucio	BUY LTF from bank pool for 120
Jon	PASS
Cinderella	PASS
Ale	PASS
Davide	PASS
Lucio	BUY LTF from bank pool for 120
	All pass

OPERATING ROUND 5.2

Player	Move	Moderator notes
Jon	Company: FA, Ferrovia Alifana Track Laying Step1: F31/700/nw Track Laying Ste2: I28/889/n Token Placement: Destination Check: I28 (30 to Jon) Revenue Calculation: none Train Purchase: 1+3 per 100
Lucio	Company: FAS, Ferrovia Adriatico Sangri Track Laying Step1: 6 at J41/se Track Laying Ste2: 4 at I40/n Token Placement: Destination Check: Castel Di Sangro (I38) for 30 Revenue Calculation: none Train Purchase: 1+3 per 100
Jon	Company: FdC, Ferrovia delle Calabrie Track Laying Step1: A2/706/nw Track Laying Ste2: Token Placement: Destination Check: Revenue Calculation: none Train Purchase: 1+3 per 100
Davide	Company: FAL, Ferrovie Appulo Lucane Track Laying Step1: #8 L15 Track Laying Ste2: #58 K14 (pay 30) Token Placement: 1 Destination Check: connected to Altamura/Gravina, get 30 Revenue Calculation: none Train Purchase: 1+3 per 100
Ale	Company: FG, Ferrovie del Gargano Track Laying Step1: 58NW in I32 Track Laying Ste2: 9NE in I34 Token Placement: Destination Check: 30 (connected to Campobasso) Revenue Calculation: none Train Purchase: 1+3 per 100
Ale	Company: SEPSA, Societa per le ferrovie Track Laying Step1: upgrade Napoli North to brown Track Laying Ste2: M57 to green Token Placement: Destination Check: no Revenue Calculation: none Train Purchase: 1+3 per 100
Jon	Company: SFSM, Strade Ferrate Secondarie Meridionali Track Laying Step1: M51/707/sw Track Laying Ste2: Token Placement: 0 Destination Check: 0 Revenue Calculation: 0 Train Purchase: 1+3 for 100
Davide	Company: FP, Ferrovia delle Puglie Track Laying Step1: #23 NE in G32 Track Laying Ste2: #903 N in G34 Track Laying Step3: #8 S in F35 Track Laying Step4: Token Placement: token in Napoli South, pay 40, 1 small town Destination Check: final destination, share value up Revenue Calculation: 430: cities 80+60+50+50+30; ports: 30+30+30; towns: 70 Dividend Payment: Pay Dividend Train Purchase: none Financial Step: buy FSC from bank pool per 90
Jon	Company: FC, Ferrovia delle Calabrie Track Laying Step1: B1/8/se Track Laying Ste2: G6/23/sw Track Laying Step3: H5/3/ne Track Laying Step4: Token Placement: A2 (cost 50) 1 small town Destination Check: A2 - final destination - share price up Revenue Calculation: 0 Dividend Payment: Pay Dividend Train Purchase: 4+3 from NN for 1 Financial Step: buy FST	connect #3 and get 30
Lucio	Company: LDA, Linea degli Abruzzi Track Laying Step1: 15 at J41/se (l'Aquila) Track Laying Ste2: 7 at J43/sw Track Laying Step3: Track Laying Step4: Token Placement: Place a Token in L'Aquila for 90, three small town Destination Check: none Revenue Calculation: 350 (110 napoli+port, 80 2+1+2+3 small, 30 capua, 30 Isernia Dividend Payment: Half Dividend Train Purchase: none Financial Step: none	share value up
Jon	Company: FST, Ferrovia Salerno Taranto Track Laying Step1: N26/700/s Track Laying Ste2: F7/58/ne Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: 480 Dividend Payment: Pay Dividend Train Purchase: none Financial Step: buy FC (IO)	connect another dest for #3 and get 30
Ale	Company: LTF, Linea Tronto Taranto Track Laying Step1: #63 in L23 Track Laying Ste2: #611 in P13 Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: 390 (cities 260, ports 60, towns 70) Dividend Payment: Pay Dividend Train Purchase: none Financial Step: none
Ale	Company: FS, Ferrovie del Salento Track Laying Step1: #15 in O10 Track Laying Ste2: #63 in O10 Track Laying Step3: Track Laying Step4: Token Placement: token in P13 (Brindisi), cost 30, no towns Destination Check: share value up Revenue Calculation: 300 (cities 150, ports 90, towns 60) Dividend Payment: Pay Dividend Train Purchase: none Financial Step: sell FC (140), buy FS from bank pool (130)
Fred	Company: FB, Ferrovie Beneventane Track Laying Step1: #63/se @ I30 (Benevento) Track Laying Ste2: #15/s @ H27 (Avellino) Track Laying Step3: Track Laying Step4: Token Placement: Destination Check: Revenue Calculation: no train --> D0 Dividend Payment: Pay Dividend Train Purchase: buy 1xPh5 (D6+8) for 900 --> -703 (FB treasury) - 19 (personnal cash?) = D178 --> sell 1xLDA (150) & 1xFSC (90) Financial Step: none	FB cash: 703 Personnal cash: 19 (1 + 18 from LDA) --> 178 to find --> sell 1xLDA : 150/2=75 --> sell 1xSFTF : 80/2=40 gives 115 still 178-115 = 63 to find sell 2 FSC per 80
Fred	Company: FSC, Ferrovia Salerno Cosenza Track Laying Step1: #4/n @ D5 Track Laying Ste2: #4/n @ C4 Track Laying Step3: #9/nw @ B3 Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: F23 (50) + F25 (40) = 90 Dividend Payment: Withhold Train Purchase: none Financial Step: none
Davide	Company: SFTF, Strade Ferrate Taranto Foggia Track Laying Step1: green in K24 (Candela) Track Laying Ste2: brown in K24 Track Laying Step3: Green in Matera Track Laying Step4: Token Placement: Lecce, pay 30, no towns Destination Check: yes, share value up Revenue Calculation: 180 (120 cities and 60 ports) Dividend Payment: Pay Dividend Train Purchase: Financial Step: sell LTF
Jon	Company: NN, Napoli-Nocera Track Laying Step1: N50/9/s Track Laying Ste2: J21/63/n Track Laying Step3: Track Laying Step4: Token Placement: Destination Check: Revenue Calculation: 0 Dividend Payment: Pay Dividend Train Purchase: buy 4+6 from FC for 410 Financial Step:

OPERATING ROUND 5.1

Player	Move	Moderator notes
Fred	Company: FB, Ferrovie Beneventane Track Laying Step1: 24/sw @ G24 Track Laying Ste2: 14/nw @ I36 Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: D230 = 20+70 (Napoli North) + 40 (Caserta) + 40+20 (Pescara) + 4x10 (small towns) Dividend Payment: Withhold Train Purchase: none Financial Step: none
Lucio	Company: LDA, Linea degli Abruzzi Track Laying Step1: 4/sw at H39 (Avezzano) Track Laying Ste2: 87/sw at H39 (Avezzano) Track Laying Step3: Track Laying Step4: Token Placement: Place a Token in Rome for 30, two small town intercepted Destination Check: No Revenue Calculation: 250 (90 napoli+port, 50 2+1+2 small, 30 capua, 30 Isernia, 50 Rome) Dividend Payment: Withhold Train Purchase: Buy one PH-5 train from bank for 900 Financial Step: -
Ale	Company: LTF, Linea Tronto Taranto Track Laying Step1: upgrade Pescara (L39) to brown Track Laying Ste2: upgrade Bari (N21) to brown Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: n.a. Revenue Calculation: 370 (cities 60+50+40+30+60=240; ports 30+30=60, towns 70) Dividend Payment: Pay Dividend Train Purchase: none Financial Step: none
Jon	Company: FC, Ferrovia delle Calabrie Track Laying Step1: F11/905/n Track Laying Ste2: F5/700/ne Track Laying Step3: D3/9/nw Track Laying Step4: Token Placement: F5 (100) 1 small town Destination Check: Intermediate - buy no effect now Revenue Calculation: 50+30 + 40 +10 = 130 Dividend Payment: Pay Dividend Train Purchase: None Financial Step: None
Davide	Company: FP, Ferrovia delle Puglie Track Laying Step1: Brown on Caserta Track Laying Ste2: Yellow on Altamura Track Laying Step3: Brown on Bari Track Laying Step4: Token Placement: 180 I think if I loaded the correct rules version, 2 small cities Destination Check: yes share value up Revenue Calculation: 250 ? Dividend Payment: Pay Dividend Train Purchase: None Financial Step: buy FS from IO with a tremble in my hand	upgrade Foggia instead Token placement in Caserta costs 200, not 180 (3 mountains = 180 and 2 plains = 20) Revenue is 260
Jon	Company: FST, Ferrovia Salerno Taranto Track Laying Step1: L19/904/n Track Laying Ste2: M20/8/nw Track Laying Step3: Track Laying Step4: Token Placement: Bari (from J21 - 150) 4 small towns? Destination Check: None Revenue Calculation: Towns (60+50+40+40+30) + ports (30+30+30+30+40) + 70 small towns = 450 Dividend Payment: Pay Dividend Train Purchase: Financial Step: Sell FC (140)
Ale	Company: FS, Ferrovie del Salento Track Laying Step1: 905 SE in M14 (Taranto) Track Laying Ste2: 900 NW in M22 (Molfetta) Track Laying Step3: Track Laying Step4: Token Placement: token in M14 (taranto), pay 160, collect 6 chips Destination Check: intremediate, no effect (reserved token in P13 Brindisi is lost) Revenue Calculation: 230 (cities 110, ports 60, towns 60) Dividend Payment: Pay Dividend Train Purchase: none Financial Step: buy FC from bank pool for 140
Fred	Company: FSC, Ferrovia Salerno Cosenza Track Laying Step1: 905/s @ F23 Track Laying Ste2: 700/sw @ F17 Track Laying Step3: 63/se @ F25 Track Laying Step4: Token Placement: F25 for D60, no small town Destination Check: Nocera --> share value up Revenue Calculation: no train --> no revenue Dividend Payment: Pay Dividend Train Purchase: ph5 for d900 (emergency money rising -- see right) Financial Step:	Due to my Token placement, I need to raise D360 - D86 = D274 20% FB = D300/2 = D150 10% LTF = D150/2 = D75 10% FSC = D100/2 = D50
Jon	Company: NN, Napoli-Nocera Track Laying Step1: D3/9/nw Track Laying Ste2: C2/4/n Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: 0 Dividend Payment: Pay Dividend Train Purchase: buy 4+6 from FC for all Financial Step: sell FC, FS, FST (140+140+130?)
Davide	Company: SFTF, Strade Ferrate Taranto Foggia Track Laying Step1: 23 N in N13 Track Laying Ste2: 8 SE in O12 Track Laying Step3: Track Laying Step4: Token Placement: token in P13 Brindisi, pay 30, no small towns Destination Check: none Revenue Calculation: 140 Dividend Payment: Pay Dividend Train Purchase: none Financial Step: buy LTF from BP

STOCK ROUND 5

Player	Move	Moderator notes
Lucio	SELL: - --- BUY: SFTF from initial offer at 80
Jon	SELL: --- BUY: Buy LTF (pool) 140
Fred	SELL: none --- BUY: 10% LTF from the bank pool at D140
Ale	SELL: none --- BUY: 10% FST from the bank pool at D120
Davide	SELL: --- BUY: buy LDA from IO per 130
Lucio	SELL: --- BUY: Buy LDA (initial offer) pay 130
Jon	SELL: --- BUY: Buy FP from IO, pay 120
Fred	SELL: none --- BUY: 10% FSC from IO at D100
Ale	SELL: --- BUY: Buy FP from IO, pay 120
Davide	SELL: --- BUY: LDA
Lucio	SELL: - --- BUY: BUY LDA from initial offer (I should have back half the deposit for the LdA)	40 deposit is paid back to Lucio
Jon	SELL: --- BUY: Buy FP (IO 120)
Fred	SELL: none --- BUY: 10% FSC from IO at D100
Ale	SELL: --- BUY: Buy FS from IO per 120
Davide	SELL: --- BUY: buy LDA
Lucio	SELL: Sell one LTF for 140 --- BUY: Buy one FP from IO for 120
Jon	SELL: --- BUY: LTF (pool 130)
Fred	PASS
Ale	PASS
Davide	PASS
Lucio	SELL: FB for 170 --- BUY: FS from initial offer for 120
Jon	PASS
Fred	PASS
Ale	PASS
Davide	PASS
Lucio	PASS

OPERATING ROUND 4.2

Player	Move	Moderator notes
Fred	Company: FB, Ferrovie Beneventane Track Laying Step1: 204/ne @ I28 Track Laying Ste2: 58/nw @ G26 Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: Revenue Calculation: D230 = 20+70 (Napoli North) + 40 (Caserta) + 40+20 (Pescara) + 4x10 (small towns) Dividend Payment: Withhold Train Purchase: none Financial Step: sell one FST for D100 and one LTF for D120
Lucio	Company: LDA, Linea degli Abruzzi Track Laying Step1: 6/se at I36 (Isernia) Track Laying Ste2: 58/ne at I38 (Castel di Sangro) Track Laying Step3: Track Laying Step4: Token Placement: Isernia, for 120 intercepting 1 small town Destination Check: Provisional status reached Revenue Calculation: 170 (90 napoli+port, 30 2+1 small, 30 capua, 20 Isernia) Dividend Payment: Pay Dividend Train Purchase: - Financial Step: -
Jon	Company: FC, Ferrovia delle Calabrie Track Laying Step1: G6/9/se Track Laying Ste2: F5/6/s Track Laying Step3: E6/8/sw Track Laying Step4: Token Placement: Destination Check: Revenue Calculation: 20 (secured interest) Dividend Payment: Pay Dividend Train Purchase: Buy new 5+7; buy 4+6 from NN for 1 Financial Step:
Ale	Company: FS, Ferrovie del Salento Track Laying Step1: #8 in P17 N Track Laying Ste2: #9 in P15 SW Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: 20 secured interest Dividend Payment: Pay Dividend Train Purchase: Buy train 4+6 from LTF for 123 Financial Step: n.a.
Ale	Company: LTF, Linea Tronto Taranto Track Laying Step1: #57 in K24 (Candela) NE Track Laying Ste2: #57 in P13 (Brindisi) NW Track Laying Step3: Track Laying Step4: Token Placement: Token in Candela, pay 60, no small towns Destination Check: Historical destination, share value up Revenue Calculation: Cities (70+60+40), towns (40) = 210 Dividend Payment: Pay Dividend Train Purchase: Buy a brand new permanent 5+7 for 550 Financial Step: none
Davide	Company: FP, Ferrovia delle Puglie Track Laying Step1: #14 NW in P13 (Brindisi) Track Laying Ste2: #9 S in J25 Track Laying Step3: #8 NW in I26 Track Laying Step4: Token Placement: token in P13 (Brindisi), pay 50, 1 small town Destination Check: none Revenue Calculation: cities 120, ports 40, towns 60 = 220 Dividend Payment: Pay Dividend Train Purchase: buy train 5+7 from SFTF for 1 Financial Step: none	please note that track below in steps 2 and 3 is illegal. The FP cannot lay track through Candela (K24) because blocked by a LTF token. The correct track is instead Track Laying Step2: #24 S in J27 Track Laying Step3: #9 SE in I26
Jon	Company: FST, Ferrovia Salerno Taranto Track Laying Step1: F13/58/nw Track Laying Ste2: F11/710/s Track Laying Step3: Track Laying Step4: Token Placement: F11 (cost 240) 3 small towns Destination Check: Cosenza - share price up Revenue Calculation: 240 Dividend Payment: Pay Dividend Train Purchase: Buy 5+7 from FC for 1 Financial Step: Buy FST	bulding costs are 200 not 240 correct income is 220 not 240
Fred	Company: FSC, Ferrovia Salerno Cosenza Track Laying Step1: 24/sw @ G16 Track Laying Ste2: 15/sw @ F17 Track Laying Step3: 87/se @ G20 Track Laying Step4: Token Placement: F17 (Sapri), D110, 2 small towns Destination Check: F17 (Sapri) --> provisional status, D50 Revenue Calculation: Secured interest, D20 Dividend Payment: Pay Dividend Train Purchase: Financial Step:	step3 is in G22 (Sarno) Token is not laid, secured interest is paid: 20 per share
Davide	Company: SFTF, Strade Ferrate Taranto Foggia Track Laying Step1: #8 S in N11 Track Laying Ste2: #57 SW in O10 (Lecce) Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: 15 secured interest Dividend Payment: Pay Dividend Train Purchase: Buy 4+6 train from FP for 20 Financial Step: n.a.
Jon	Company: NN, Napoli-Nocera Track Laying Step1: F6/15/s Track Laying Ste2: E4/9/nw Track Laying Step3: Track Laying Step4: Token Placement: Destination Check: Revenue Calculation: 350 Dividend Payment: Half Dividend Train Purchase: Financial Step: Buy FST

OPERATING ROUND 4.1

Player	Move	Moderator notes
Fred	Company: FB, Ferrovie Beneventane Track Laying Step1: #8/ne @ I28 (Taurasi) Track Laying Ste2: #57/n @ H27 (Avellino) Track Laying Step3: Track Laying Step4: Token Placement: H27 (Avellino), D70, 1 small town Destination Check: destination --> share value up (FB --> D170) Revenue Calculation: D220 = 20+70 (Napoli North) + 40 (Caserta) + 30+20 (Pescara) + 4x10 (small towns) Dividend Payment: Pay Dividend Train Purchase: Financial Step:
Lucio	The following order has been placed by Lucio --- Company: LDA, Linea degli Abruzzi Track Laying Step1: #58/nw at G34 (Pontecorvo) Track Laying Ste2: #9/nw at H35 Track Laying Step3: - Track Laying Step4: - Token Placement: - Destination Check: - Revenue Calculation: 15 for secured interest Dividend Payment: Pay Dividend Train Purchase: Buy one Ph-3 train for 350 Financial Step: -
Jon	Company: FC, Ferrovia delle Calabrie Track Laying Step1: 4/G10/sw Track Laying Ste2: 8/H9/n Track Laying Step3: 8/H7/ne Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: 20 (secure interest) Dividend Payment: Pay Dividend Train Purchase: none Financial Step: none
Ale	Company: FS, Ferrovie del Salento Track Laying Step1: promote Foggia (L27) to green Track Laying Ste2: promote Pescara (L39) to green Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: 20 secured interest Dividend Payment: Pay Dividend Train Purchase: none Financial Step: n.a.
Davide	Company: FP, Ferrovia delle Puglie Track Laying Step1: 901 NW in L25 Track Laying Ste2: 8 SE in K26 Track Laying Step3: 9 S in J27 Track Laying Step4: Token Placement: Foggia, pay 80, 5 small towns Destination Check: Intermediate destination reached Revenue Calculation: 0 - no secured interest Dividend Payment: Pay Dividend Train Purchase: 1 phase3 for 350 Financial Step: buy one SFTF from IO for 80
Ale	Company: LTF, Linea da Tronto a Taranto Track Laying Step1: 87 NE in M22 (molfetta) Track Laying Ste2: 14 SE in L23 (Andria) Track Laying Step3: Track Laying Step4: Token Placement: station in Andria for 20, collect 1 small town Destination Check: historical destination, share value up Revenue Calculation: cities 200, ports 20, towns 100 = 320 Dividend Payment: Withhold Train Purchase: none Financial Step: sell 1 FST per 80 and 1 SFTF per 80	SFTF cannot be sold because in building status
Fred	Company: FSC, Ferrovia Salerno Cosenza Track Laying Step1: 87/nw @ F21 Track Laying Ste2: 4/nw @ F19 Track Laying Step3: 6/sw @ F17 Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: secured interest - L20 Dividend Payment: Pay Dividend Train Purchase: none Financial Step: none
Jon	Company: FST, Ferrovia Salerno Taranto Track Laying Step1: F19/87/nw Track Laying Ste2: G18/8/n Track Laying Step3: Track Laying Step4: Token Placement: M14 (150) 3 small towns Destination Check: M14 final destination. Share price up. Revenue Calculation: 320 Dividend Payment: Half Dividend Train Purchase: Financial Step: Buy FC (130)	Revenue is 330
Davide	Company: SFTF, Strade Ferrate Taranto Foggia Track Laying Step1: #710 NE in M14 (Taranto) Track Laying Ste2: #8 N in N13 Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: 15 secured interest Dividend Payment: Pay Dividend Train Purchase: buy first phase 4 train from the IO Financial Step: n.a.
Jon	Company: NN, Napoli-Nocera Track Laying Step1: G16/9/sw Track Laying Ste2: G14/58/se Track Laying Step3: Track Laying Step4: Token Placement: N48 (10) no towns Destination Check: Revenue Calculation: 390 Dividend Payment: Withhold Train Purchase: Buy 3+4 from FST for all but 20 Financial Step: Sell LTF; Buy FC	Revenue is 380

STOCK ROUND 4

Player	Move	Moderator notes
Ale	SELL: --- BUY: buy FB from the bank pool at 170
Davide	SELL: sell 2 FST --- BUY: Buy 2 FP, PAR value 120, starting token Bari	the FP reserved token in Avellino is removed
Lucio	SELL: None --- BUY: BUY FST from Bank Pool at 90
Jon	SELL: none --- BUY: FST(90)
Fred	SELL: --- BUY: BUY FSC Railroad Concession for D100 , PAR PRICE for FSC = D100 BUY 20% FSC for D200
Ale	SELL: --- BUY: buy FS from IO at 120
Davide	SELL: sell 3NN for 300 --- BUY: Buy SFTF for 80
Lucio	SELL: - --- BUY: BUY NN from bank pool for 70
Jon	SELL: --- BUY: NN (70)
Fred	SELL: --- BUY: 10% SFC from IO at D100
Ale	SELL: none --- BUY: buy NN for 70
Davide	SELL: none --- BUY: buy FP for 120
Lucio	SELL: none --- BUY: buy LDA for 130
Jon	SELL: FB (170) --- BUY: FC Concession (100 deposit) Par 130, Buy President\'s certificate
Fred	Sell 10% LTF (D130-->D120) Buy 10% FSC D100 from IO
Ale	SELL: sell FB per 160 (do not move because of the ledge) --- BUY: buy LTF per 120
Davide	SELL: --- BUY: Buy SFTF
Lucio	PASS
Jon	SELL: LTF (120) --- BUY: FC
Fred	Pass
Ale	Pass
Davide	SELL: --- BUY: Buy FP
Lucio	SELL: SELL FST at 90 --- BUY: BUY LTF from bank pool for 110 (Jon sold it at 120)
Jon	Pass
Fred	Pass
Ale	Pass
Davide	SELL: --- BUY: Buy SFTF
Lucio	Pass
Jon	Pass
Fred	Pass
Ale	Pass
Davide	SELL: --- BUY: Buy SFTF
Lucio	Pass
Jon	Pass
Fred	Pass
Ale	Pass
Davide	SELL: FB --- BUY: Buy FP
Lucio	Pass
Jon	Pass
Fred	Pass
Ale	Pass
Davide	Pass	Lucio gets the priority

OPERATING ROUND 3.2

Player	Move	Moderator notes
Fred	Track Laying Step1: #710/se @ G30 (Caserta) Track Laying Ste2: #15/nw @ F31 (Capua) Track Laying Step3: Track Laying Step4: Token Placement: F31 (Capua), D20, none Destination Check: share value up (Capua) Revenue Calculation: D270 (Napoli D70+D20 + Caserta D40 + Benevento D20 + Capua D30 + Pescara D30) + 6xD10 (small) Dividend Payment: Pay Dividend Train Purchase: none Financial Step: nothing	I apologise, Caserta has been upgraded last turn. I have now rectified this on the map. So, based on your indication I have upgraded Benevento instead. Revenue increases to 280 Also, you are right in that the FB has got 6 small town markers.
Lucio	Track Laying Step1: #4/nw at M57 (Torregaveta) Track Laying Ste2: #4/nw at M55 (Agnano) Track Laying Step3: Track Laying Step4: Token Placement: at M53 (Napoli nord) paying 30 (?) and collecting two towns tokens Destination Check: None (no share up movement since still in building state (?)) Revenue Calculation: 15 secured interest Dividend Payment: Pay Dividend Train Purchase: - Financial Step: -
Ale	Track Laying Step1: #58 SW in M22 Track Laying Ste2: #58 NE in M24 Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: 20 per share secured interest Dividend Payment: Pay Dividend Train Purchase: buy one phase 1 train from LTF for D440 Financial Step: n/a
Ale	Track Laying Step1: #7 N in M26 (Manfredonia) Track Laying Ste2: upgrade Bari (B) to green Track Laying Step3: Track Laying Step4: Token Placement: token in Bari for D80, 4 small town markers Destination Check: none Revenue Calculation: 210 (cities: 20+40+30+60; towns: 60) Dividend Payment: Pay Dividend Train Purchase: Buy a brand new phase 3 train for 350 Financial Step: Buy SFTF for 80	phase 3 has been triggered: all phase 1 trains are killed; higher port and off-map values apply; all concessions come at discounted value in the next stock round; new companies are entitled of 3 track laying steps
Jon	Track Laying Step1: 5/C26/sw Track Laying Ste2: 15/C26/sw Track Laying Step3: Track Laying Step4: Token Placement: C26 (80) 1 town Destination Check: None Revenue Calculation: 240 Dividend Payment: Pay Dividend Train Purchase: None Financial Step: sell FB (160)	FB is sold for 170 (share value moved up per effect of destination bonus)
Jon	Track Laying Step1: 55/L19/sw Track Laying Ste2: 8/M18/n Track Laying Step3: Track Laying Step4: Token Placement: N48 (10) Destination Check: none Revenue Calculation: 220 Dividend Payment: Withhold Train Purchase: new 4+6 (350) Financial Step: none	N48 will be available in phase 4. Instead the NN will put a token in Sorrento (cost 80 ) 1 small town, historical destination. Then run for (Napoli 90, Salerno 60, Sorrento 60, 4 small towns chips 40 = 250)
Davide	Track Laying Step1: 88 Track Laying Ste2: 4 Track Laying Step3: - Track Laying Step4: - Token Placement: No Destination Check: No Revenue Calculation: D (secured interest) Dividend Payment: Pay Dividend Train Purchase: No Financial Step: No	Tile is 902 rather than 88

OPERATING ROUND 3.1

Player	Move	Moderator notes
Fred	Track Laying Step1: #704nn/s @ M53 (Napoli North) Track Laying Ste2: #710/ @ G30 (Caserta) Track Laying Step3: Track Laying Step4: Token Placement: Destination Check: Revenue Calculation: D210 (port D10 + Napoli North D70 + Caserta D40 + Benevento D20 + Pescara D30 + 4xD10 (villages) Dividend Payment: Pay Dividend Train Purchase: Ph2 (3+4), D200 from IO Financial Step:
Lucio	Track Laying Step1: #6 at F31/nw (Capua) Track Laying Ste2: #8 at G32/ne Track Laying Step3: Track Laying Step4: Token Placement: Initial for 0 Destination Check: - Revenue Calculation: 15 secured interest Dividend Payment: Pay Dividend Train Purchase: - Financial Step: -
Ale	Track Laying Step1: #58 NE in O20 (Monopoli) Track Laying Ste2: #8 S in O19 Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: 20 secured interest (B band + political card #1 special power) Dividend Payment: Pay Dividend Train Purchase: none Financial Step: none
Ale	Track Laying Step1: #2 NW in L25 (Centola/Canosa) Track Laying Ste2: #6 SW in L23 (Andria) Track Laying Step3: Track Laying Step4: Token Placement: pay 50, lay token in Andria , collect 1 chip Destination Check: Andria (historical destination, share value up) Revenue Calculation: 190 (110 cities+80 small towns) Dividend Payment: Pay Dividend Train Purchase: none Financial Step: none	Token in Andria is illegal: the existing slot is reserved for the SFTF. Consequently no token is laid. revenue is 160
Jon	Track Laying Step1: M47/14/nw Track Laying Ste2: N52/7/n Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: 250 Dividend Payment: Withhold Train Purchase: new 3+4 (200) Financial Step: Buy FS (120)
Jon	Track Laying Step1: E26/25/s Track Laying Ste2: D27/58/n Track Laying Step3: Track Laying Step4: Token Placement: M53 (60 or 80) 1 town Destination Check: none Revenue Calculation: 220 Dividend Payment: Pay Dividend Train Purchase: 3+4 from NN for 1 Financial Step: none	pay 40 for token in Torre Annunziata, no small towns Revenue is 160
Davide	Track Laying Step1: mumble Track Laying Ste2: mumble Track Laying Step3: 710 SW (?) Track Laying Step4: 4 NW (??) Token Placement: M14 (0) Destination Check: None Revenue Calculation: 15 D I kindly make you notice that this, is secured interest. Dividend Payment: Pay Dividend Train Purchase: Not possible I guess. Financial Step: Not allowed if I remember well and the astropencil remained in his shovel.

STOCK ROUND 3

Player	Move	Moderator notes
Fred	Pass
Ale	Pass
Davide	SELL: --- BUY: buy SFTF concession 100 set par value 80 buy SFTF presidential 160
Lucio	SELL: SELL LTF at 110. --- BUY: BUY LdA concession at 80 (p.c. discount); Set PAR price at 130; BUY LdA presidential share at 260.
Jon	SELL: --- BUY: LTF (100)
Fred	BUY 10% SFTF D80 from IO
Ale	Buy FS concession for 100 (using the special power from political num 2) Par value 120 Buy presidential for 240
Davide	Pass
Lucio	Pass
Jon	SELL: --- BUY: FS (120)
Fred	SELL: --- BUY: 10% LDA at D130
Ale	Pass
Davide	Pass
Lucio	Pass
Jon	Pass
Fred	Pass

OPERATING ROUND 2.2

Player	Move	Moderator notes
Fred	Track Laying Step1: #58/nw @ K30 Track Laying Ste2: #58/se @ L31 Track Laying Step3: Track Laying Step4: Token Placement: L39 (Pescara), costs D250, 5 small towns Destination Check: none Revenue Calculation: D180 Dividend Payment: Pay Dividend Train Purchase: 1x 3+4 train @ D200 from the Initial Offering Financial Step:	track laying cost is 270 Revenue is 190 Cash at the end of turn is 190, so train cannot be bought
Ale	Track Laying Step1: #204/nw @ L31 Track Laying Ste2: #4/nw @ L29 Track Laying Step3: Track Laying Step4: Token Placement: L27 (Foggia), costs D180, 4 small towns Destination Check: final destinations, share value up and D50 deposit paid back Revenue Calculation: D150 Dividend Payment: Pay Dividend Train Purchase: none Financial Step: none
Jon	Track Laying Step1: M51/704/s Track Laying Ste2: J21/52/ne Track Laying Step3: Track Laying Step4: Token Placement: J21 (100) 1 town Destination Check: none Revenue Calculation: 230 Dividend Payment: Pay Dividend Train Purchase: none Financial Step: sell FB
Jon	Track Laying Step1: K20/9/s Track Laying Ste2: F23/710/ne Track Laying Step3: Track Laying Step4: Token Placement: J21 (100) 1 town Destination Check: J21 Intermediate (Jon gets 0) Revenue Calculation: 130 Dividend Payment: Pay Dividend Train Purchase: none Financial Step: buy FB --- Comments: I amnot sure if the upgrade of F23 is allowed. If not then lay L19/55/se.

OPERATING ROUND 2.1

Player	Move	Moderator notes
Fred	Track Laying Step1: #9/s @ J29 Track Laying Ste2: #3/ne @ K28 Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: D120 (same as OR1.2.) Dividend Payment: Pay Dividend Train Purchase: none Financial Step: Buy 10% FST at D70
Ale	Track Laying Step1: #4 in L35 (Vasto) NW Track Laying Ste2: #9 in L33 NE Track Laying Step3: Track Laying Step4: Token Placement: Pescara, pay 70, collect 3 markers Destination Check: intermediate destination, operational, 50 deposit back Revenue Calculation: 80 Dividend Payment: Pay Dividend Train Purchase: one 2+2 paying 100 (if still available) and one 3+4 paying 200 Financial Step: buy FST per 70
Jon	Track Laying Step1: G24/8/n Track Laying Ste2: G22/3/ne Track Laying Step3: Track Laying Step4: Token Placement: F23 (cost 80) 1 town Destination Check: F23 (Salerno) SP up Revenue Calculation: 160 Dividend Payment: Withhold Train Purchase: New 3+4 (200) Financial Step: Sell LTF (90)	Do not sell the LTF
Jon	Track Laying Step1: J21/57/sw Track Laying Ste2: F25/15/sw Track Laying Step3: Track Laying Step4: Token Placement: F25 (80) 1 town Destination Check: none Revenue Calculation: 15 (secured interest) Dividend Payment: Pay Dividend Train Purchase: New 3+4 (200); 2+2 from NN for 1 Financial Step: Buy LTF from pool (80)	Do not buy LTF Buy PH1 train from NN for 100 rather than 1

STOCK ROUND 2

Player	Move	Moderator notes
Fred	SELL: --- BUY: 10% LTF for D80 from Initial Offering
Ale	SELL: none --- BUY: buy LTF at 80
Davide	SELL: --- BUY: Buy FB for 90
Lucio	SELL: --- BUY: BUY FB from initial offer at 90
Jon	SELL: --- BUY: FB (90)
Fred	SELL: --- BUY: 10% FB for D90 from the IO
Ale	SELL: --- BUY: buy last LTF per 80
Davide	SELL: --- BUY: Buy FST for 70 euri
Lucio	SELL: --- BUY: BUY FST from initial offer at 70
Jon	SELL: --- BUY: FST (70) then if everybody passes another FST (70)
Fred	PASS
Ale	PASS
Davide	PASS	on behalf of the player
Lucio	PASS	on behalf of the player
Jon	SELL: --- BUY: FST (70)	on behalf of the player
Fred	PASS	on behalf of the player
Ale	PASS	on behalf of the player
Davide	PASS	on behalf of the player
Lucio	PASS	on behalf of the player
Jon	PASS	on behalf of the player

OPERATING ROUND 1.2

Player	Move	Moderator notes
Ale	Track Laying Step1: #4 in L41 (Atri) NW Track Laying Ste2: #2 in L37 (Ortona-Lanciano) SE Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: 15 (secured interest) Dividend Payment: Pay Dividend Train Purchase: one 2+2 paying 100 Financial Step: none
Fred	Track Laying Step1: #4/n/small map - Aversa (coming from F) Track Laying Ste2: #9/nw/ small map - hex beween Aversa and Napoli (North) Track Laying Step3: Track Laying Step4: Token Placement: Napoli North (reserved space #6) - free thanks to Casata L\'Ala political card, one small town (Aversa) Destination Check: Napoli, D40 to Fred Revenue Calculation: D120 (Benevente D20, Caserta D30, Napoli D50, port D10, Aversa D10) Dividend Payment: Pay Dividend Train Purchase: Financial Step:	pay 30 for laying the token in Napoli The political card #6 closes. Share value bonus: up one row
Jon	Track Laying Step1: H21/9/nw Track Laying Ste2: I22/8/nw Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: 15 (secured interest) Dividend Payment: Pay Dividend Train Purchase: none Financial Step: none
Jon	Track Laying Step1: E26/7/s Track Laying Ste2: F25/57/sw Track Laying Step3: Track Laying Step4: Token Placement: F25 (cost 20) 0 towns Destination Check: NN final destination (50 to Jon) Revenue Calculation: 110 Dividend Payment: Pay Dividend Train Purchase: none Financial Step: Buy LTF (80)	Share value bonus: up one row

OPERATING ROUND 1.1

Player	Move	Moderator notes
Fred	Track Laying Step1: #57 sw @ I30 Track Laying Ste2: #8 nw @ H31 Track Laying Step3: Track Laying Step4: Token Placement: G30, D70, no small town Destination Check: Caserta (G30), half deposit D40 to Fred Revenue Calculation: D0 ? or is it secured interest of D5? Dividend Payment: Pay Dividend Train Purchase: 2x 2+2 , D200 from initial offering Financial Step: sell none, buy 1 LTF for D80 from the initial offering	Revenue is 0 (secured interest is not paid in this case) Revenue from political card #6 drops to 10
Ale	Track Laying Step1: #4 SW in K44 (campli) Track Laying Ste2: #58 NE in L43 (giulianova) Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: none Revenue Calculation: 15 per share (secured interest) Dividend Payment: Pay Dividend Train Purchase: none Financial Step: none
Jon	Track Laying Step1: F21/58/sw Track Laying Ste2: G20/8/se Track Laying Step3: Track Laying Step4: Token Placement: none Destination Check: no Revenue Calculation: 15 (secured interest) Dividend Payment: Pay Dividend Train Purchase: none Financial Step: none
Jon	Track Laying Step1: Portici Ercolano/4/nw Track Laying Ste2: Torre Annunziata/ 6/se Track Laying Step3: Track Laying Step4: Token Placement: Torre Annunziata (cost 20) 1 town Destination Check: Torre Annunziata (Intermediate 50 deposit to Jon) Revenue Calculation: 0 Dividend Payment: Pay Dividend Train Purchase: 2 new 2+2 trains (total 200) Financial Step: buy FB (80)	the NN pays D90 for one FB share (shares from the initial offer are bought at par value) Revenue from political card #7 drops to 10

STOCK ROUND 1

Player	Move	Moderator notes
Jon	SELL: none --- BUY: Buy NN concession (100 deposit). Buy NN president\'s certificate, setting par at 60.
Fred	SELL: NONE --- BUY: BUY FB CONCESSION (D80 deposit, thanks to Casata L\'Ala political card). BUY FB president\'s certificate from the IO, setting par at D90, thus paying D180.
Ale	SELL: none --- BUY: Buy the LTF concession (deposit 100); Buy presidential certificate LTF setting par at 80
Davide	SELL: --- BUY: Buy NN 60
Lucio	SELL: --- BUY: BUY NN 60
Jon	SELL: --- BUY: NN (60)
Fred	SELL: NONE --- BUY: 10% FB from initial offering at D90
Ale	SELL: NONE --- BUY: 10% LTF from initial offering at D80
Davide	SELL: --- BUY: Buy NN 60
Lucio	SELL: --- BUY: BUY NN 60
Jon	SELL: --- BUY: NN (60)
Fred	SELL: NONE --- BUY: 10% FB from initial offering at D90
Ale	Pass	Automatic
Davide	SELL: none --- BUY: Buy the last NN per 60
Lucio	SELL: NONE --- BUY: BUY LTF from initial offer at 80
Jon	SELL: --- BUY: FST concession (0 deposit as LTF started) setting par at 70 and FST president share (140)
Fred	Pass	Automatic
Ale	Pass	Automatic
Davide	SELL: --- BUY: Buy last NN for 60 or if the website is not updated, buy third FST for 70	Buy the FST per 70
Lucio	SELL: None --- BUY: BUY LTF from initial offer at 80, then autopass
Jon	SELL: --- BUY: FST (70)
Fred	Pass	Automatic
Ale	Pass	Automatic
Davide	Pass	Automatic
Lucio	Pass	Automatic
Jon	Pass	Automatic

POLITICAL ROUND 2

Player	Move	Moderator notes
Lucio	PASS
Davide	#1 Melisurgo: #2 Panfilo: #3 Falcon: 100 #4 Delahante: #5 Valadous: #6 L Ala: #7 Bayard: #8 Albano:	Buy #3 for 95
Fred	#1 Melisurgo: #2 Panfilo: #3 Falcon: 90 #4 Delahante: #5 Valadous: #6 L Ala: #7 Bayard: #8 Albano:
Jon	PASS
Alessandro	PASS

POLITICAL ROUND 1

Player	Move	Moderator notes
Lucio	#1 Melisurgo: #2 Panfilo: #3 Falcon: #4 Delahante: #5 Valadous: 140 #6 L Ala: #7 Bayard: 230 #8 Albano:	Buy #5 for 140 and #7 for 175
Davide	#1 Melisurgo: 55 #2 Panfilo: #3 Falcon: #4 Delahante: #5 Valadous: #6 L Ala: #7 Bayard: #8 Albano: 245	Buy #8 for 200
Fred	#1 Melisurgo: 60 #2 Panfilo: #3 Falcon: #4 Delahante: #5 Valadous: #6 L Ala: 180 #7 Bayard: #8 Albano:	Buy #6 for 180
Jon	#1 Melisurgo: 50 #2 Panfilo: #3 Falcon: #4 Delahante: #5 Valadous: 135 #6 L Ala: #7 Bayard: #8 Albano:
Alessandro	#1 Melisurgo: 75 #2 Panfilo: 95 #3 Falcon: #4 Delahante: 105 #5 Valadous: 130 #6 L Ala: #7 Bayard: #8 Albano:	Buy #1 for 65; #2 for 75; #4 for 100