The shares of BVI traded entity of PROT LTD (effective 1/18/13)...were not distributed and PROT and Transfer Agent were enjoined from distributing them by FINRA. FINRA is taking the position that it was not a properly authorized "transfer of assets". PROT was appealing to the SEC to permit them to proceed.
That is the last I heard about 6 weeks ago.
Unless and until SEC over-rides FINRA or PROT sues FINRA in court and wins, there will be no transfer of assets to BVI.
The balance of what you state is my understanding too.
1/18/13 "effective date" might be the date for the company...but with FINRA not permitting the actual transfer to happen...the "effective date" means nothing as a practical matter right now.
Raises all sorts of sticky questions I won't go into here about who bought and sold on what representations...hummmm
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