you mean it shut down THEN when you read the voltage it says 3.42 on its bounce back, because it probably did smack the DBSes 2.8v cutoff, then bounced back.
1.2amps , gee, a 18650 should be able to easily maintain its voltage with that. but i am testing some "other" brand 18650s and they dont, i am sorta surprised how the voltage is tanking on them.
i was able to cycle them around a few times and get them to hold thier voltage better, but that sux.
Assuming the battery hasnt been in USE
run it down lower by going slower, then charge it up, then do that 2 times, it will not droop so much. if you run it down really low then try to recharge it quickly, dont leave it that way when doing more deeper cycling. I know they say "there is no memory" or whatever words they want to call the voltage depression, but from everything i am seeing, an Unused uncycled li-ion of SOME types certannly needs a cycle or two after they have been parked.
like marduke i generally use a unprotected, in a device that has a sure cut-off, and i use a lot of LG cells, and sony, and they sure dont act like these other brands