Can someone explain the Double Overtime session LOTG auctions

[icurnmedic]

From LOTG email.
( 4) OUR AUCTION CLOSES USING THE "DOUBLE OVERTIME" METHOD. PLEASE TAKE NOTE.

At 9:00 PM, the entire auction will enter the extended bidding period. If you have placed a bid on an item prior to 9:00 PM Eastern, you may continue to bid on it afterward. IF YOU WISH TO BID ON AN ITEM DURING EXTENDED BIDDING, YOU MUST HAVE PLACED A BID ON THAT ITEM PRIOR TO 9:00 PM EASTERN TIME TONIGHT. There can be no exceptions to this.

At 9:00 pm eastern time, the 15-minute rule clock begins ticking, and will reset every 15 minutes as long as there are bids placed during that 15-minute period. The clock will continue to reset every 15 minutes as long as bids come in. If there are no bids during a 15-minute interval, the auction will close.

The Double Overtime session begins at MIDNIGHT eastern time. Items not receiving a bid between midnight and 1am eastern time will close at 1am. These lots will close all at once, and no more bidding on them will be permitted. There can be no exceptions to this.

The remaining items will remain open in "Double Overtime" until no remaining open item in the auction has received a bid for 15 minutes, or until a Fair Warning email is issued.

5) We cannot predict when the auction will close. We are the only company in the industry that uses the "Double Overtime" closing method. In past auctions, 90% of the lots have closed at 1:00 AM. However, there is no way to predict when the auction will close, and no way to guarantee it will remain open. Bidders determine this based on their own activity. Please remain vigilant.)





If I am interpreting the email correct:
If my lot closes after 9 pm and I am the high bidder, I win the auction?
Or..
Does the auction start back up at 12am?

Or is the double OT , just for lots that have bids every 15 minutes until 12am?

So confused with the email.