"musical chairs BS way of doing business" - Ah...that is reserved for the DTC. They refined if to a fine art. In BCITs case, SEC took the chairs away...now they don't want to play. Poor losers.
there has been political turmoil and earthquakes in the region
I guess it was an earthquake that prevented him from registering a corp with the PNG business office. You cannot do business in Papua New Guinea without permission from the government (including in Bougainville).