Quote from: lumberjack on December 07, 2012, 04:53:10 AM

What is the difference, technically, between a bond and a contract in this sense?

I'm honestly in the dark on this as someone who doesn't work with securities, bonds, contracts, and the like.

For what it is worth I also have no stake in Gigamining whatsoever. I'm just curious of the difference between these particular terms in the sense they're being applied here.

A bond is an instrument that provides a fixed rate of return on the investment made. It could be considered a form of contract the difference here is in the claims process you are swearing out a legal document that in its own words says to the best of your knowledge what you are claiming is true. Now the people doing this claims process know it was not a contract they bought but a bond purchase as they were sold it. So this whole thing has been structured to foist a fraud upon the legal process with anyone who submits a claim form as it is written committing perjury.