I was under the impression that the tourney wouldn"t run without at least $400 in the prizepool, but that obviously wasn"t the case.
In my opinion, as long as it achieves $120 to cover a seat, I would rather they took place than have a dozen or so players disappointed at it being cancelled, with the cash going to the winner who can then make a choice on what they do.
I can go back to Betfair to get this adjusted if there is a strong opinion to the contrary.
Leigh