there's a really simple explanation that seems reasonable to me.
If I wanted to shift jurisdictions, I'd buy an established shelf company in the jurisdiction I want to move to, then have that shelf company "buy" the ownership shares from whatever entity owns it now.
It's very likely that's all they're doing - just moving the corporate entity to Panama for legal/tax reasons.
Yeah, i'm with you on that, but suggesting that this shell game makes the new entity "licensed" or on different legal footing when it comes to dealing with US customers is simply bull.
If the servers were actually in Panama, that would be another story...