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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Yes. Look at the standings each morning.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal style='margin-left:.5in'><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> announce-bounces@usml.net [mailto:announce-bounces@usml.net] <b>On Behalf Of </b>springkerb<br><b>Sent:</b> Friday, August 09, 2013 8:36 AM<br><b>To:</b> USML Announcements<br><b>Subject:</b> Re: [USML Announce] A New Question?<o:p></o:p></span></p></div></div><p class=MsoNormal style='margin-left:.5in'><o:p> </o:p></p><div><p class=MsoNormal style='margin-left:.5in'>Is there an easy way to determine that?<o:p></o:p></p></div><div><p class=MsoNormal style='margin-left:.5in'><o:p> </o:p></p></div><div><p class=MsoNormal style='margin-left:.5in'><o:p> </o:p></p></div><div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:9.0pt;color:#575757'>Sent via the Samsung GALAXY S®4 Active™, an AT&T 4G LTE smartphone<o:p></o:p></span></p></div></div><p class=MsoNormal style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in'><br><br><br>-------- Original message --------<br>From: "Blocker, Mark B." <<a href="mailto:mblocker@Sidley.com">mblocker@Sidley.com</a>> <br>Date: 08/09/2013 8:04 AM (GMT-06:00) <br>To: USML Announcements <<a href="mailto:announce@usml.net">announce@usml.net</a>> <br>Subject: Re: [USML Announce] A New Question? <br><br><o:p></o:p></p><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:.5in'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>I’d be in favor of one of two rules:</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:.5in'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:.5in'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>1. If teams are contiguous at any point during the week (based on a.m. standings), a trade is allowed. That is easy to administer.</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:.5in'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:.5in'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>2. Abolish contiguous trading. It never struck me as fair that team behind the leader can load up, but the leader is effectively stuck in neutral. I won’t pretend there is any support for this; just a good opportunity to mention it.</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:.5in'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:.5in'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> -- Mark</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:.5in'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><o:p></o:p></p><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:1.0in'><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> <a href="mailto:announce-bounces@usml.net">announce-bounces@usml.net</a> [<a href="mailto:announce-bounces@usml.net">mailto:announce-bounces@usml.net</a>] <b>On Behalf Of </b><a href="mailto:springkerb@aol.com">springkerb@aol.com</a><br><b>Sent:</b> Friday, August 09, 2013 7:35 AM<br><b>To:</b> <a href="mailto:announce@usml.net">announce@usml.net</a><br><b>Subject:</b> Re: [USML Announce] A New Question?</span><o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:1.0in'> <o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:1.0in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>That can be a risk assumed by the trading partners. Nothing's stopping anybody from processing immediately upon agreement.<br><br><br></span><o:p></o:p></p><div><p class=MsoNormal style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:1.0in'><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif";color:black'>-----Original Message-----<br>From: Richard Robbins <<a href="mailto:rerobbins@itinker.net">rerobbins@itinker.net</a>><br>To: USML Announcements <<a href="mailto:announce@usml.net">announce@usml.net</a>><br>Cc: announce <<a href="mailto:announce@usml.net">announce@usml.net</a>><br>Sent: Thu, Aug 8, 2013 10:17 pm<br>Subject: Re: [USML Announce] A New Question?</span><o:p></o:p></p><div id="AOLMsgPart_2_e7e3dda2-dd0b-4bb9-86e5-d5857479c7ff"><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:1.0in'><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif";color:black'>But things could move between agreement and processing. Sometimes announcement is delayed. </span><o:p></o:p></p></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:1.0in'><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif";color:black'><br><br>Sent from my iPhone</span><o:p></o:p></p></div><div><p class=MsoNormal style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:1.0in'><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif";color:black'><br>On Aug 8, 2013, at 7:19 PM, <a href="mailto:springkerb@aol.com">springkerb@aol.com</a> wrote:</span><o:p></o:p></p></div><blockquote style='margin-top:5.0pt;margin-bottom:5.0pt'><div><p class=MsoNormal style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:1.0in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>I think the clearest application would be standings as of the time the trade is officially processed via onroto. That will be whatever it is.<br><br><br></span><o:p></o:p></p><div><p class=MsoNormal style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:1.0in'><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif";color:black'>-----Original Message-----<br>From: Richard Robbins <<a href="mailto:rerobbins@itinker.net">rerobbins@itinker.net</a>><br>To: USML Announcements <<a href="mailto:announce@usml.net">announce@usml.net</a>><br>Sent: Thu, Aug 8, 2013 7:40 pm<br>Subject: Re: [USML Announce] A New Question?</span><o:p></o:p></p><div id="AOLMsgPart_2_e0db1328-922a-4fe4-9027-bc069b43382f"><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:1.0in'><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif";color:black'>Yeah right. On the other hand, don't rule out a massive Riptorns MRH deal. </span><o:p></o:p></p><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:1.0in'><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif";color:black'> </span><o:p></o:p></p></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:1.0in'><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif";color:black'>One of these days we should think through that ambiguity, ideally before it becomes a point of contention. <br><br>On Thursday, August 8, 2013, springkerb wrote:</span><o:p></o:p></p><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:1.0in'><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif";color:black'>I think it's been ambiguous since we went to daily reporting. But don't be so coy. Winick is totally dumping to you, isn't he?</span><o:p></o:p></p></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:1.0in'><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif";color:black'> </span><o:p></o:p></p></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:1.0in'><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif";color:black'> </span><o:p></o:p></p></div><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:1.0in'><span style='font-size:7.5pt;font-family:"Helvetica","sans-serif";color:#575757'>Sent via the Samsung GALAXY S®4 Active™, an AT&T 4G LTE smartphone</span><o:p></o:p></p></div></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:1.0in'><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif";color:black'><br><br><br>-------- Original message --------<br>From: Richard Robbins <<a href="mailto:rerobbins@itinker.net">rerobbins@itinker.net</a>> <br>Date: 08/08/2013 7:33 PM (GMT-06:00) <br>To: USML Announcements <<a href="mailto:announce@usml.net">announce@usml.net</a>> <br>Subject: [USML Announce] A New Question? <br><br><br>Have we ever discussed how to interpret the rule that says during this part of the year teams can only trade with teams contiguous or tied in the standings? Does that mean standings as of the start of a reporting period? Start of a day? Any moment in time? With the web site live standings feature, we can see teams bouncing around minute by minute. </span><o:p></o:p></p><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:1.0in'><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif";color:black'> </span><o:p></o:p></p></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:1.0in'><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif";color:black'>I don't have any trades in the pipeline, so I'm not asking this with any hidden agenda. I am really curious about how to think of this issue. What do you think?</span><o:p></o:p></p></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:1.0in'><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif";color:black'> </span><o:p></o:p></p></div><div><p class=MsoNormal style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:1.0in'><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif";color:black'>-- Rich</span><o:p></o:p></p></div></div></div></div><div id="AOLMsgPart_3_e0db1328-922a-4fe4-9027-bc069b43382f"><pre style='margin-left:1.0in;background:white'><tt><span style='color:black'>_______________________________________________</span></tt><o:p></o:p></pre><pre style='margin-left:1.0in;background:white'><tt><span style='color:black'>announce mailing list</span></tt><o:p></o:p></pre><pre style='margin-left:1.0in;background:white'><tt><span style='color:black'><a href="mailto:announce@usml.net">announce@usml.net</a></span></tt><o:p></o:p></pre><pre style='margin-left:1.0in;background:white'><tt><span style='color:black'><a href="http://lists.usml.net/mailman/listinfo/announce" target="_blank">http://lists.usml.net/mailman/listinfo/announce</a></span></tt><o:p></o:p></pre></div></div></div></blockquote><blockquote style='margin-top:5.0pt;margin-bottom:5.0pt'><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:1.0in'><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif";color:black'>_______________________________________________<br>announce mailing list<br><a href="mailto:announce@usml.net">announce@usml.net</a><br><a href="http://lists.usml.net/mailman/listinfo/announce" target="_blank">http://lists.usml.net/mailman/listinfo/announce</a></span><o:p></o:p></p></div></blockquote></div></div><div id="AOLMsgPart_3_e7e3dda2-dd0b-4bb9-86e5-d5857479c7ff"><pre style='margin-left:1.0in;background:white'><tt><span style='color:black'>_______________________________________________</span></tt><o:p></o:p></pre><pre style='margin-left:1.0in;background:white'><tt><span style='color:black'>announce mailing list</span></tt><o:p></o:p></pre><pre style='margin-left:1.0in;background:white'><tt><span style='color:black'><a href="mailto:announce@usml.net">announce@usml.net</a></span></tt><o:p></o:p></pre><pre style='margin-left:1.0in;background:white'><tt><span style='color:black'><a href="http://lists.usml.net/mailman/listinfo/announce" target="_blank">http://lists.usml.net/mailman/listinfo/announce</a></span></tt><o:p></o:p></pre></div></div></div><p class=68f0c35e-7c22-4cd8-a500-d04906e04066 style='margin-left:.5in'> <o:p></o:p></p><p style='margin-left:.5in'>-----------------------------------------------------------------------------------------------------<br>IRS Circular 230 Disclosure: To comply with certain U.S. Treasury regulations, we inform you<br>that, unless expressly stated otherwise, any U.S. federal tax advice contained in this<br>communication, including attachments, was not intended or written to be used, and cannot be<br>used, by any taxpayer for the purpose of avoiding any penalties that may be imposed on such <br>taxpayer by the Internal Revenue Service. 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