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I agree, a failure.
“SPD quietly ended its Bola Wrap Pilot Program soon after the technology failed to prevent cops from shooting a man holding a knife downtown last year. This Batman-esque device seemed like a dumb idea from the start.”
Nichols clearly didn’t poll Seattle, the major urban police department that just DROPPED Bola after they only used it three total times in 2023 :(
And you sound like the wife who makes excuses for their abusive spouse brother :)
You are missing the glaring fact that:
1. Seattle’s police department purchased it.
2. They found it ineffective.
3. They stopped using it.
You can talk about sample size all you want, fact is this thing should be ADDING big cities, and they just LOST one that had been using their product. That is horrific news.
Especially adding it to:
Earnings that never showed up, delisting notification from Nasqaq
Their auditor just resigned!!!
Lower sales in 2023 than 2022
The future don’t look bright imo, just the facts on the ground.
Seattle PD DIDN’T use it dude! Three times total in 2023! Their police dept (you know, large urban PDs Bolawrap is supposed to be adding?) DROPPED it?
Seattle PD just fine, Bolawrap just wasn’t successful in the field for them.
TROUBLE.
WRAP LOSING not gaining major market? https://www.thestranger.com/cops/2024/04/29/79487000/the-rise-and-fall-of-the-bolawrap
Isn’t whole premise that this is so good you’ll be glad you had it?
Seattle had it. Didn’t like it. Wasn’t glad. Stopped using it. That….is problematic
Seattle sure dropped Bolawrap. There ain’t no good way to spin that brother, these guys are supposed to be ADDING depts, not losing them. Especially big metro areas like Seattle. Huge miss for Bolawrap, and not what we want to see on top of this other mess.
Auditor resigned? Delisting notifications? Lower sales in 23 than 22, and now major cities like Seattle that tried it are saying “no thanks”?
Ouch. Ouch. Ouch. And ouch.
“In the report, SPD recorded it had used the device just three times in 2023.”
Ewwww. NOT what you wanna hear.
No wonder they sold less in 2023 than 2022, no wonder they trying to hide it while they sell convertibles.
Shady shady little wrap
So Seattle has STOPPED using Bola?? RUH ROH
https://www.thestranger.com/cops/2024/04/29/79487000/the-rise-and-fall-of-the-bolawrap
WRAP disaster continues
Haven’t reported 2023 10k yet, recording delisting notifications from NASDAQ
Fewer sales in 2023 than in 2022???
Their financial auditor resigned??? Oh that can’t be good.
It’s all about insiders converting shares diluting the share base now.
And WORST of all, any new customer now sees nothing but incompetence at the helm here, it’s gonna obviously cost them new sales they desperately needed.
Might wanna wait till she hits .99
CarniVAL
It’s just too disappointing dude! This thing was going somewhere and then behind closed doors the wheels seem to have fallen off the wagon!
Delisting notification for not reporting earnings + lower sales in 2023 than in 2022 + financial auditor resigning = Trouble brother, trouble.
“Exciting” is a major red flag IMO, it reeks of the CEO sitting at his desk typing PRs figuring how to get convertibles sold before the stink he’s hiding is finally revealed.
Delisting notification, auditor resigned, missing earnings, sales dropping, insiders diluting, company using “Exciting” in PRs……
NOTHING about this is good.
Wait for $1.50
At least their Kokusai agreement is “exciting”…LOL!
Imagine trying to get a new auditor with this mess the CEO created!
Better Call Saul in case WRAP needs a “criminal” attorney lol
Sure they sold the convertibles to insiders then, but when are the insiders CONVERTING them for a profit?
I’d love to know current share count after that dive from $4.50. No doubt that insider group was giddy as a pig in poop selling em up there.
And now? While there is still profit to be made? Is this thing being diluted and pps being affected accordingly?
And with the resignation of their auditor?
Yikes.
Have you considered that MAYBE that 4.9 million “largest sale in history” was actually a load of garbage? You know, in the same vein as “Exciting”? Unverifiable crap to push more convertibles out the door?
THAT would explain why it isn’t actually being reported.
And why their auditor quit.
Dude this stock is looking shadier and shadier….
“Exciting”. LOL!!!
Ruh roh, somebody been cooking some books brother…
Fresh warm convertibles like those smell of printer ink brother :)
Why is the price dropping?
1. Sales lower in 2023 than in 2022 (HUGE RED FLAG)
2. WRAP nervous bout it cause they aren’t filing. Now officially late. Delisting notification has been served. Trying to remember how to count, CEO trying to find his solar powered calculator from 1994.
3. They sold a gajillion convertibles at $1.50 and those folks are making sure THEY get paid NOW before delisting.
You know what else would be “exciting”? NOT getting delisting notifications from NASDAQ Lol!!!
“Exciting new agreement” lol, when companies buy their own PRs with zero numbers attached (go figure counting tough for them) and use adjectives like “exciting”?
Someone is selling convertibles again, dumpity dump dump
Not with THAT guy at CEO brother :)
Just the beginning of dissapointment
It’s absurd, WRAP tries to sell itself as some sort of revolutionary whatever….and it can’t
Just reading headlines brother :)
“‘Counting skills’ becomes new WRAP strategic priority”
“Wrap Technologies Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)”
“WRAP CEO orders case of ‘White Out’ from Amazon”
“That’s a WRAP folks! Delisting notification, wtf?”
“WRAP, to use or not to use…wait, delisting?”
“New WRAP CEO hits ground crapping his pants”
When it gets down to $1.40 near where they sold convertibles AND they fire him…that’s when I’ll take a serious look again.
And if the new leadership is inept, ruining integrity and confidence from potential buyers by having delisting notices as what is found by basic due diligence checks?
What makes you think it stops here? He’s just showing you his FIRST of many incoming oops moments like this brother :)
Point is, they are SCREWING THE POOCH