VovKa,
Pesonally I don't care if somebode would change the text, to me it's more important to protect the data.
But you've got point: The text is a weak spot.
Of course you can explode the text (with wmfout > wmfin) like the burst command. (With the latest releases of Autocad a .TTF stays real text, so you better use a .SHX then.)
It's also possible to place the stamp as an embedded OLE-object, but that would be very slow.
As I said earlier: This was just an example how things could be done. If you want to make a project out of this, things can get very complicated.
Most users don't know any programming of Autocad so in most cases even a weak protection will be adequate.
It's possible to use complicated stuff to reach your goal, but often an easy solution is good enough: I wonder what you would have been thinking if there were 100 copies of the text on to of each other.