Based on the latest announcement we can draw the following...

Based on the latest announcement we can draw the following conclusions:

Cap rising is no longer an option. This means the funding needed is much bigger than last time. 100+ millions I guess. This means we will be whipped out. This also indicates that the final report is very bad.

There is no further dates indicated. This means there is not an offer for the funding right now. And most likely no one will give the money to them. This means a va.

The management will keep sucking the blood out of bwx till it is fully dead.

Restructuring? This is not for the business. This is for the ownership.

Best outcome we get 5c out of $1. Worst outcome we get 0. There is not much difference either way.