IS THIS LEGAL ? I HAVE SERIOUS DOUBTS !

I have just seen an advert for the Full Retail FCE 4 from a POWER SELLER on eBay.
The price is £50 as opposed to £129 normally.
This is the explanation he gives for the low price:-
"In this auction we have another great deal for the professioanl video editing suite of Apple Final Cut Express 4. We have aquired some serial codes and a DVD master disc for this software. Each purchase will be supplied with a BURNT DISC of the original master and their own unique serial for installation and registration.
We must stress that each serial code can only be used once otherwise a breach of copyright has been made."
I have never heard this talk about "acquiring serial codes" before and am sure it must be illegal but can't be absolutely certain.
Any ideas ?

Further info:-
This business also sells Mac computers amongst many other things and claims that the FCE 4 and other software it sells is on a "RETAIL BULK LICENSE".
Put simply it sounds as though they are buying Bulk Licenses so that they can install these applications as and when necessary on the computers they sell using their MASTER DISC.
Sometimes they buy more Bulk Licenses than they require and sell them off in this way.
It almost sounds plausible but I have serious misgivings.
The company, apart from trading elsewhere, has been a Power Seller on eBay for the past 4 years, so you would imagine that if they were dodgy, they would have been spotted by now.

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