Update on Rights issue

Before I am accused of being a 'johnny come lately' or a negative b***d, I have been in the stock since the days when it was called Stonehenge (ASX:SHE) and was controlled by Richard Henning, who kept the shares on issue to just under 250 million. Nice for the shareholders.
I too have been a little confused in getting my head around POW's Rights issue. Yesterday my online account listed my POWR holding exactly at the number I calculated after the 30 for 1 consolidation x 7 for 2. For the record, a bit over 950,000, so I do have some skin in the game. This morning my online account not only has removed my entire Rights holding but states POWR is an invalid code.
So I contacted the company and was enlightened.
"The new code is POWRA and the rights will not show up into your account until Monday (day after the Record Date of today). They are trading on a deferred settlement basis at the moment however."
My assumption is, Rights holders will be able to trade or take up the Rights from then.
I have checked and POWRA is a valid code.
A further question which was put to me by other confreres was about the Forms to take up the Rights; the answer was:
"They (the Application Forms) too wont be available until after the Record Date to determine who is eligible (today)"
Hope that helps people.