so that means it would be possible to hold pts on bter/btc38 on snap shot date?
How would that provide options for speculators? By trading BterBTS against BTS?
By allowing people to buy and sell their BTS positions into/out of Bitcoin.
Sorry for not getting it. Isnt this what an exchange is supposed to do? Or will that be possible before the 28th?
You have an account on an exchange with X PTS in it on Feb 28 (morning). On March 1, you should still have X PTS in your account if you didn't buy/sell. The question was, what happens to the BTS that were generated corresponding to your PTS account? The exchanges now say that they will honor your BTS, so you will now have BTS on their exchange in addition to PTS, but they won't let you withdraw BTS (but you can trade for other currencies).
This gives options to speculators because previously it was thought people would have to withdraw all their PTS to their private wallets before Feb 28 to get BTS, then transfer their BTS to an exchange after Feb 28. Now you can, possibly, leave your PTS at the exchange and trade BTS when they show up (even sell them all for BTC and withdraw your BTC).
Edit: stupid leap days