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Martin, Can you provide a specific, *actionable* proposal of what it is you'd like the exchange entity to do? For example: I want MICE LLC to create a second, separate and co-equal site at location X. By separate, I mean it would not be interconnected with the existing switches at 511. We need a switch with Y ports of 10 Gig, which will be provided by company Z. Companies A & B are also committed to peer there and I believe this meets the requirements for an IP allocation from ARIN. Or: I want MICE LLC to lease space and power at, and fibers from 511 to location X. That is, MICE is responsible for hauling traffic between sites. We need a switch with Y ports of 10 Gig. The revenue to pay for this will come from company Z for the first A years. Or: I want MICE LLC to lease space, power, and fibers from 511 to location X. That is, MICE is responsible for hauling traffic between sites. We need a switch with Y ports of 10 Gig. The revenue to pay for this will come from charging member and port fees in the amount of $A/year and $B/year. Or whatever it is that you're actually proposing. -- Richard