Not sure this is at all relevant. My understanding is that Giga initially issued the bonds/contracts OFF of GLBSE - only moving to GLBSE some time later. He didn't require the information now requested initially - so GLBSE is, in that respect, totally a red herring.
This isn't something I was aware of. The original post on this thread was on April 7th, and the second post is on the same day and is talking about GLBSE, so I was under the strong impression that all of these contracts were originally sold through GLBSE, with GLBSE set up to process the dividend payments.
If instead it is the case that these contracts were originally issued by Giga directly, with Giga as the actual payment processor of the dividends, and Giga failed (as GLBSE later did) to request the right information, then I am more sympathetic to what you are saying -- at least insofar as it affects those people who bought bonds before dividend the payment processing was moved to GLBSE.