They re-branded "Protoshares" as "Bitshares-PTS".
Only the protoshares/Bitshares-PTS will receive "Bitshares X" (the decentralized exchange) that were in circulation/mined prior to the cut off. These shares also needed to be in your control, not an exchanges.
Protoshares/Bitshares-PTS acquired or mined after will only receive partial stakes in Invictus' future DAC/product releases. Which won't happen for a year or more as seems to be the consensus.
Yep, I'm on the same page with you guys/gals on all that but, what I'm having a hard time grasping is this ...
User A has a Protoshare on 2/28 that became a bitshare-pts (name change) and gave ~1.33 shares in bitshares-x.
User A on 3/5 decides to sell his bitshare-pts (still called protoshares on exchanges) on Cryptsy and transfers it to the exchange.
User B buys the bitshares-pts on Cryptsy and transfers it to his personal wallet.
As far as I can tell, there is no bitshares-x (or bitshares-xt) wallet which holds the ~1.33 'shares'.
So no one actually has their shares yet, correct?
If User A has transferred his bitshare-pts to User B via a sell on Cryptsy after the snapshot AND User A does not yet have possession of the ~1.33 bitshare-x shares ... how will User A be credited with the ~1.33 bitshares-x shares? What is tying the currently non-existent bitshares-x (bitshares-xt) shares to User A when the bitshares-x wallet is released (considering User A has now sold the bitshares-x associated with the bitshares-x shares to User B)?
Does that make sense?