I understand what BW is doing, kindof?!@*$$$. I understand the sell off of shares because of the lag time between production and receivables.
IMO, From what others have verified and the amount of growth (outstanding) in sales, hence the selloff to keep production going. I have a feeling BW is going to let this sink further in the next few quarters, then start buying back for a few quarters (quietly), then announce proper books. I lost so far in this company and am not bashing (pissed, YES!!). I feel this is a winner in the long term IF BW is semi truthful.