Lot 2: 5 @ 0.0003
BTCIts a bit confusing but I think I got it.
LIFO auction is "Last In, First Out"
So you can bid on as many chips in Lot 1 or Lot 2 as you wish, you don't have to bid on all 10 or 20 items per lot. Priority goes to bidder that bid first at a price. They are knocked out once there are more higher bids than they initially bid.
With my bid of 5 @ 0.0003 Suzuki Matt now has 15 @ 0.0002 and I have 5 @ 0.0003 until someone comes along and bids more than 0.0002 for the 15 at that price, etc. Hope that helps a little.
Geo
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