WordLogic Corp (fka WLGC)

[chidunn]

Share buy-back

As noted in an earlier post, there was a message from Wordlogic on their fb page that they had purchased over 1 million shares as of November........

Assuming the purchases are continuing on schedule under the authorization, they will be in the market for 1.25million shares for Q1......

This should help put a floor under the stock, help new hands take positions and facilitate a valuation release if there is good news/deal news on the revenue front.


http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8921579-985-199174&type=sect&TabIndex=2&companyid=87128&ppu=%252fdefault.aspx%253fcompanyid%253d87128

11. TREASURY STOCK

On August 15, 2012, the Company announced that the Company’s Board of Directors approved a share repurchase program authorizing up to five million shares of the Company’s outstanding common stock to be repurchased over a 12 month period commencing on August 20, 2012. Any shares repurchased by the Company shall be returned to the treasury and may be used, if and when needed, for general corporate purposes. As of September 30, 2012, the Company purchased 432,000 common shares for USD $43,039, at an average price of USD $0.0996 per share.