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<div>On Jun 19, 2013, at 12:42 PM, Mike Burns <<a href="mailto:mike@nationwideinc.com">mike@nationwideinc.com</a>> wrote:</div>
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<div> You may say "legally purchasing" rights, but I truly don't know what these parties think
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<div> they purchased, since it can't be the ability to inject routes and have them accepted
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<div> (no one can provide that) nor the right to use the entry in the registry, when the
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<div> circumstances are contrary to policy.</div>
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<div>I guess they figure they are buying what the Nortel bankruptcy judge called the “exclusive right to use” the addresses.</div>
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<div>Indeed, but those are rights which may be transferred in accordance with policy. In the case</div>
<div>of Nortel, this was accomplished by ARIN working with Microsoft and confirming compliance</div>
<div>and then removing our objection, a point which Nortel's own filing makes - "10. Second, the </div>
<div>revisions reflected in the Amended Sale Agreement and Revised Order were the result of </div>
<div>negotiations between Microsoft, ARIN and NNI and, accordingly, ARIN’s counsel has </div>
<div>informed NNI that it does not oppose entry of the Revised Order. " <NNI Docket #5280></div>
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<div>No problem buying the rights (that is, after all, what a transfer is) but you also have to wait</div>
<div>for the approval before considering the deal "closed", just as in the Nortel case.</div>
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<div>Consider if the buyer of the radio station could begin and continue broadcasting without regard to regulatory approval?</div>
<div>Does that make a listener un-hear a broadcast? Or would the incentives lead to lots of wildcat radio stations pending approval?</div>
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<div>The safest move is to finalize the sale upon the approval; claiming that it is complete prior</div>
<div>to that point is rather innovative (and might even be considered fraud if done knowingly...)</div>
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<div>FYI,</div>
<div>/John</div>
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<div>John Curran</div>
<div>President and CEO</div>
<div>ARIN</div>
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