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Davies created Twickets in November 2011 as an aggregator for spare tickets in Britain and the concept – that all tickets must be sold for face value or less – spread by word of mouth.
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The interesting news for the first quarter of 2008, to me at least, is that SocGen spent 274 million euros to bail out its money market funds, which owned "securities that had become illiquid" and that could not be sold for their face value.
Much of the press coverage at the time focused on the fact that half dollars would be sold for twice face value.
Karl Oyston points to his family's ownership of Blackpool as a success story, given that his father, a Blackpool fan, bought the club in 1987 when Bloomfield Road was about to be sold for a supermarket and the club faced extinction.
The company would search only for those seats that they believed could be sold for a premium, sometimes at more than $1,000 over face value.
The lab test would be sold for profit.
In contrast, rice cannot easily be sold for any reason.
American Home Mortgage Holdings, a subprime lender that went broke in August, sued Bank of America, saying it reneged on a deal to bear losses if mortgages were sold for less than face value.
Six months ago, this was an anticipated matchup, with special events being planned around the date and tickets being sold for four times their face value.
There are plenty of examples of tickets for in-demand events being sold for far above the face value on secondary sites.
When the Bills played a preseason game against the Pittsburgh Steelers in Toronto, The Toronto Star reported that before kickoff, tickets were being sold for one-tenth of face value.
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