M caps the entries at 30 for 3K contest They told me they decided to take in 90K and then M will pitch in the last 10K.
Reason for the cap was vague but they seemed pretty matter-of-fact about it.
110% equity contest so I think when SouthPoint announced they were ON for this
year M may have just decided to assure an overlay and maybe draw the bulk of the
early entries with this announcement.