WordLogic Corp (fka WLGC)

[spencyg]

This is what I'm referring to...

Frank Evanshen, CEO of WordLogic Corporation (OTCBB:WLGC), a predictive technology software company that markets patented search technology, reports that the firm now has "commissioned an independent patent review as part of our patent infringement strategy, which will make it more likely for potential prospects and others to license Wordlogic's products and patents."

Something is making them think it isn't likely that their current situation allows them to be marketable to those who might want to lisence this technology. I think it might be because they are trying to peddle 10+ year old technology (patents from '99 and '00) when clearly either the market has moved on, or somebody in those 10 years figured out how to replicate their technology within the bounds of intellectual property rights law. Patents mean nothing unless you have a huge legal team, and even then, they are very easy to circumvent if you're in any way clever.

I think I'm done in the markets for awhile. I've lost enough to make me quite sick to my stomach, and this one isn't looking like the saviour I once thought it to be.

Good luck folks.