Ah if the 3 was for an initial M&G then yes that is ridiculous. I actually think paying for a M&G at all is not a good idea. Best I'd do is pay for a drink or coffee. But for an allowance or a PPM, $300 is entirely reasonable for an attractive SB. Have people gotten lower? Sure. Is lower than that the norm for quality SBs? I don't think do. I think 300 is actually a very common number IME.