WordLogic Corporation (OTC:WLGC) stock got more active once again, on news that have no material backbone to them. The company’s CEO has expressed his opinion on the possible future applications of the instant text search technology and the stock trading activity exploded after the announcement. This, however, could hardly be achieved without the costly promotion campaign, ran behind the stage.
The promotions benefit those following WLGC – the stock price has increased more than 5 times since Google rolled out their new instant text search system, which allegedly infringes one or several patents held by WordLogic.[BANNER]
The talks of the CEO are questionably worth a separate press release. However, the $30 thousand, a third party, Diamond Consulting LLC paid for the stock promotion are doing their thing. With the explosive appreciation, the stock is also building up tension and could very well see a sharp correction once the promotional and PR effects wear off.
Google has not yet officially addressed the possible patent infringement matter, nor was WordLogic approached by any other web search technology utilizing corporation. The stock price can only rally as long as there are people who buy the story. The market cap is rapidly expanding and if there will be no actual progress with finding the use for the patents, significant correction is imminent.
