Your correct that it is not really a cycling issue, but more of an issue of the bolt not locking back. I went out this week and shot some hunting loads through it and it still is doing the same thing. I called Benelli and they opened an RA for me. They are going to take a look at it. I was impressed with the customer service guy, he was real decent to work with.
I still love the gun and once it gets sorted out I'll be happier than a pig in muck..
Thanks for the input y'all.