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First: Actually no one said anything about a grandfather clause but me - as a way to exaplin how it is a NEW rule that is now in place.
Second: If Fencer says that he wants everyone back below 2 fellowships, I will then get rid of 1 - no problems from me.
Third: Why was it done? (my guess) is that some people had started creating many fellowships, which could have been easily combined into 1 or 2. I believe it was done to stop the possible abuse that can happen. (There was one incedent where a person create 3-4 fellowship all for the same purpose, but was asked to get rid of some and they did - which is probable a reason.)
Walter - If you have more then 2 fellowships, you also are allowed to keep them for now - unless told otherwise - I have been given no extra deal or anything.