Mr. Bill Cox:

There is nothing to stop somebody selling a ticket at or below the original sale price. To that extent, we do not believe this Bill will impede market clearance. The Bill simply says that one cannot sell the ticket for more than the original sale price. It does not use the term "face value". It prohibits a resale above the original sale price, which is the price for which the ticket or ticket package was originally sold by the primary ticket seller. We believe there is a lot of inbuilt flexibility. On secondary ticket marketplaces currently, a quarter to half of tickets are probably sold at or below the original sale price.