Worth a read: https://www.macroaxis.com/invest/ratio/BPI--Probability-Of-Bankruptcy
Main issues:
-Diminishing cash reserves. Down to $190M currently (on $260M market cap). True company valuation at $70M.
-Constant earnings and margin issues...
-Insiders are selling out, and leaving company (COO)
-Layoffs
Camden - Agrees, they have made all the right political moves. But the economics and financials are what will drive this company down the drain. It will take longer than a political death (i.e.: ITT Tech), but it does seem doomed even with the political connections.
BPI does have insiders at ED. They also still have the political power of Warburg Pincus.