
Well, as you saw in the original thread, BSP ended up winning 3 of the first round matches, leaving SnhKnives (from here on referred to as Lee) as the only RDS winner. So, here's what happens next.
Lee will decide which remaining BSP member he wants to Iron Chef against. For the sake of example, lets say it's BT. If he happens to win against BT, it will go to a 3rd round and Lee will have to go against either SSJ or Xnod (and let's say he goes against Xnod). If he ends up beating Xnod, then it goes to a final round against SSJ. So essentially, it is up to him to "fight back" in order to win the tournament for his studio.
So, whenever Lee and his next opponent schedule their match, I will let everyone know.
In the meantime, go check out the Round 1 compilation video! It's quite awesome if I do say so myself.