<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN"><html><head><meta content="text/html;charset=UTF-8" http-equiv="Content-Type"></head><body ><div style="font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 10pt;"><div>Sorry, not for the list, can I retract that?<br>My apologies.</div><div>Regards,<br>Mike</div><div><br></div><div><br></div><div class="zmail_extra_hr" style="border-top: 1px solid rgb(204, 204, 204); height: 0px; margin-top: 10px; margin-bottom: 10px; line-height: 0px;"><br></div><div class="zmail_extra" data-zbluepencil-ignore="true"><div><br></div><div id="Zm-_Id_-Sgn1">---- On Thu, 23 Sep 2021 21:05:45 -0400 <b>Mike Burns <mike@iptrading.com></b> wrote ----<br></div><div><br></div><blockquote style="margin: 0px;"><div><div style="font-family : Verdana, Arial, Helvetica, sans-serif; font-size : 10pt;"><div>Hi Owen,<br></div><div><br></div><div>Actually I don't approach address owners in any way.<br></div><div>I rely on incoming business.<br></div><div>I was always afraid of being accused of mining Whois for commercial reasons.<br></div><div>Imagine my naivete!<br></div><div><br></div><div>Regards,<br></div><div>Mike<br></div><div><br></div><div><br></div><div class="x_395018863zmail_extra_hr" style="border-top : 1px solid rgb(204, 204, 204); min-height: 0px; margin-top : 10px; margin-bottom : 10px; line-height : 0px;"><br></div><div class="x_395018863zmail_extra"><div><br></div><div id="x_395018863Zm-_Id_-Sgn1">---- On Thu, 23 Sep 2021 20:54:08 -0400 <b>Owen DeLong <<a href="mailto:owen@delong.com" target="_blank">owen@delong.com</a>></b> wrote ----<br></div><div><br></div><blockquote style="margin : 0px;"><div><br><br>> On Sep 23, 2021, at 16:25 , William Herrin <<a href="mailto:bill@herrin.us" target="_blank">bill@herrin.us</a>> wrote: <br>> <br>> On Thu, Sep 23, 2021 at 4:15 PM Mike Burns <<a href="mailto:mike@iptrading.com" target="_blank">mike@iptrading.com</a>> wrote: <br>>> I add value by transferring cash to somebody else in the hope I can lease the purchased IPv4 out for a profit before China and the DoD dump addresses on the market. <br>> <br>> Hi Mike, <br>> <br>> ARIN leases addresses to you. You turn around and lease them to <br>> someone else at a higher price. You add nothing in the process, no <br>> network services or anything like that. The lessee can't rent them <br>> directly from ARIN, not because of cost or risk or whatever but ARIN <br>> doesn't have any left to rent. It's about as straightforward an <br>> example of rent seeking as you can get. <br> <br>That’s not likely the real situation, however… <br> <br>Likely, Mike does research and fines underutilized addresses and approaches <br>the current registrant and asks if they’d be interested in receiving MRC in <br>exchange for the ability to use those addresses. Mike then takes a risk and <br>begins paying said registrant monthly/quarterly/yearly/whatever for the <br>use of those addresses at some wholesale leasing price. Then he turns <br>around and tries to find an entity with need that (for whatever reason, <br>capital intensity, temporary need, etc.) wants to lease rather than buy <br>a block of addresses and provides them. Yes, for all the obvious reasons, <br>the price he charges to lease to his customer is higher than the price <br>he pays to his supplier, but he’s basically a retailer adding value in the <br>form of acquiring the wholesale goods and matching them to the needs <br>of the retail customer. <br> <br>ARIN is not finding the sources of addresses who are willing to lease, <br>but not sell… ARIN Is not even finding the sources of addresses who <br>are willing to sell. Brokers are fulfilling that role for sales and are the <br>most likely ones to be fulfilling that role for leasing as well. <br> <br>Owen <br> <br></div></blockquote></div><div><br></div></div><div><br></div></div></blockquote></div><div><br></div></div><br></body></html>