Eugene van der Pijll
Operating Round 2
The company can build yellow track
It has no train to run
It is allowed to lease a train at the end of the company's turn
No. It has no train of its own to run, so it borrows the smallest available train, and runs it this turn (and withholds). That train does not leave the bank, so there's no phase change, and the company still has no train.
If it now has enough money to buy a train, it does; if not, it will lease a train next turn again (possibly the same as this turn).
So a company will already earn money in the first turn after going insolvent.