Wrap Technologies Inc (WRAP)

[Hulk Hogan is God]

Her pimp Cohen has her out turning ALL the tricks, there isn't enough Penicillan in the world to clear her books now. :)

[Teliz2009]

And yet you keep taking her back. LOL!

[Hulk Hogan is God]

Wrap is crap, poor shareholders paying for their dilution and dismal sales.

[Teliz2009]

TMI

[Hulk Hogan is God]

Here comes the BIG DUMP

[Teliz2009]

Carabineros de Chile will allocate $38.7 Million for the purchase of 10,583 BolaWraps in the 2025 budget 

[Teliz2009]

🤫 Don't look now.
For the first time, officers used a BolaWrap device to safely take a suicidal person into custody over the weekend. The man was running into traffic near the overpass of the Florida Turnpike near Tradewinds Park. The BolaWrap device is specifically designed to help de-escalate situations like the one the officers encountered with this man, who was clearly in need of help.



https://x.com/CoconutCreekPD/status/1848725373892141156

[Hulk Hogan is God]

Ugly when cops fire it three times and it still fails them. Gun drawn.

[Hulk Hogan is God]

Three weeks ago it failed. EW.

[Teliz2009]

Old news

[Hulk Hogan is God]

EW. https://abc7news.com/amp/post/sfpd-new-lethal-tool-powell-bart-station-shooting-failed-/15350971/

[Hulk Hogan is God]

UGLY. https://sfstandard.com/2024/09/25/cops-fired-their-fancy-new-lasso-at-an-armed-man-it-failed-3-times/

[Hulk Hogan is God]

Bleeding it back to 1.50

[Hulk Hogan is God]

lol not with the CEO selling into any pps increase :)

Dilution

[Hulk Hogan is God]

Well this is certainly a nice pop, does it hold?

[glenn1919]

WRAP.......https://stockcharts.com/h-sc/ui?s=WRAP&p=W&b=5&g=0&id=p86431144783

[tw0122]

$1.87 + 14% Ready to $WRAP
maybe the police can tether this up some

[Hulk Hogan is God]

This one remember from December? “Wrap Technologies, Inc. Announces Largest BolaWrap Order in Company History”

That was hot air, nothing more.

[Hulk Hogan is God]

Whatever happened to that GIANT HUGE GROUNDBREAKING order they announced but never got specific on at the beginning of the year?

Those sales were NOT in either 10-Q. Hot air to sell shares.

[Hulk Hogan is God]

lol they were trying to lure folks with tiny 1.80 buys in the pre market

[Teliz2009]

Yes - at the deadline. Cohen wants to have that 20% dividend in place as long as possible

[Hulk Hogan is God]

Do we ever get Q1 and Q2?

[Hulk Hogan is God]

Same old delinquent share printer brother :)

[Hulk Hogan is God]

Frank desperately went to X over his subscribers to publicly put out his big dog and pony show pitching WRAP?

LOL!

[Teliz2009]

Exactly! I wonder what Frank has to say about these misaligned incentives for Cohen. I think Cohen and his buddies are going to try and take this company private for pennies. I haven’t forgotten Cohen giving an interview where he said he and his friends write big checks. Cohen and his friends own most if not all of that series A preferred.

[Hulk Hogan is God]

So Cohen has set up a situation here where he pays himself MORE to keep WRAP delinquent?

Frank Curzio has lured his subscribers into yet another WRAP trap lol!

[Teliz2009]

Can’t imagine it will be long before someone hires an attorney.

WRAPs CEO has misaligned incentives. Mr. Cohen’s continued failure to file timely financials garners him an increase to 20% on the Series A Preferred dividend.

Mr. Cohen has orchestrated the following:

1.) Systematically eliminated anyone with decision making authority and shuffled the Board of Directors.

2.) Issued a Series A Preferred, (of which he purchased 30% of the offering), with a triggering event for failing to file timely financials that raises the dividend to 20% from 8%.

3.) Failed and continues to be delinquent with Wraps financial reporting triggering an increase in his Series A Preferred dividend to 20%

4.) Failed to pay the dividend on the Series A Preferred and is delinquent.

5.) Entered into an Amendment Agreement for the Series A Preferred allowing the now 20% dividend to be paid with heavily discounted common shares thus diluting common shareholders and saving the cash.

[Hulk Hogan is God]

Common shareholders are irrelevant to them now, look out below as they dilute.

[Teliz2009]

https://www.owensborotimes.com/news/2024/09/dcso-debuts-body-worn-cameras-deployable-restraint-device-tire-deflation-device/

[Teliz2009]

CEO Cohen and his buddies make 20% as opposed to 8% on his series A preferred as long as they stay delinquent. Of the 10,000 shares of the series A preferred, Cohen took down 30% or 3,000 shares. Better yet they’ve decided to pay that dividend in heavily discounted shares to dilute the common shareholders and save the cash for themselves.

[Hulk Hogan is God]

GLAD I didn’t

[Hulk Hogan is God]

I MIGHT even take a bigger bite. FINALLY the dirty sludge is moving through the pipe. It needs to clear out to get back to clean water.

[Hulk Hogan is God]

I bought my other half back the second I saw earnings were posted

[Teliz2009]

Yes - what do you plan to do about it?

[Hulk Hogan is God]

Product sales DECREASED from 22 to 23? Isn’t that the wrong direction for all the BS they spouted about sales?

[Hulk Hogan is God]

And all those warrants!!!

Makes it kinda tough to sustain anything when millions of shares are being diluted all the time by the insiders.

No wonder they fired everybody and went into hiding. It was ugly.

[Hulk Hogan is God]

So from 22 to 23 profit and sales DROPPED? But, but, but, they said all those things about huge orders!

More debt, lower bottom line. Not a company that is growing.

[Hulk Hogan is God]

Dilution + hidden financials = ?

[Hulk Hogan is God]

Check yourself for color blindness brother

[Teliz2009]

However, let me go on record as saying nothing about Friday’s disclosure smells good.

[Teliz2009]

Looks like blue skies ahead. Lately you’ve been a fabulous contrarian indicator.

[Hulk Hogan is God]

Dumped half, my gut says this is going down

[Teliz2009]

Could be. Can’t imagine it’s too long before the security attorneys show up to pick at the rotting carcass

[Hulk Hogan is God]

Scot Cohen is giggling at us you realize?

[Teliz2009]

Diluted with discounted common shares to pay the delinquent dividends on the preferred? Hmmmm? Where did the $10MM go and why can’t they meet their financial obligations? I love how the CEO who owns some of the preferred decided to pay himself heavily discounted common shares.

[Hulk Hogan is God]

This is gonna be bad, prepare for $1.20 in short order

[Hulk Hogan is God]

UH OH more dilution. Look out below Monday morning brothers.

[Hulk Hogan is God]

THIS sounds like the right kind of article:

https://www.ksat.com/news/local/2024/08/23/a-batman-like-gadget-used-to-lasso-suspects-is-in-the-hands-of-dozens-of-texas-law-enforcement-agencies/

[Hulk Hogan is God]

October 14, 2024

That’s the final final double final exemption extension delay date from NASDAQ.

That’s the date we are all standing around the craps table looking at…

[Hulk Hogan is God]

I love how they just completely stopped bothering with any type of financial disclosure :)

It’s literally been 11 months of silence with their backs turned to us.

Less than two months from their final deadline….tick tock brother