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But, if its not in the money yet when canceled , where is the money going? Late registration being over doesn't give them the right to pocket money , the prize pool is paid to players that actually cash in the tournament .
I think full refunds if still in late registration. If late registration is closed, BUT not in the money yet they have a procedure for distributing all the prize pool by ICM, etc. From their web page check it out.
My main point is there is a "still in late registration" freeroll going on and it makes beta testing worthwhile if you view it that way. If you get knocked out at any point, start rooting for the tournament to be canceled.