MAVS NEWS:

[DanSchwartzgan]

Or put some money in a non-guaranteed third year using the MLE.

If the Bogdanovic/Hayes thing was real, it would have required $3.8mm in space to stay under the tax.

Or, they give him $4mm/$4mm with the second year NG.  So, now $4.1mm below the tax and the Bogdanovic trade can still be done under the tax.  In fact, pretty much all of the THJ for (fill in the blank) rumors still work here.  There is also still MLE room that is greater than the remaining room under the tax.  But, I kind of doubt it gets used to any degree beyond the $4.1mm left under the tax.