I was under the impression that we need to apply for bridging work permit, if I apply for work visa extension now and it gets rejected, I cannot apply for BOWP after because currently it's a PGWP, which cannot be usually extended
The best option is to wait till Aug 7th draw, if you don'y get your draw then apply for extension and continue working.. under implied status. But after the rejection comes you must seize working and then apply for restoration status under visitor. and wait till PR gets approved.