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I agree, a failure.
If the BolaWrap was only deployed 3 times it leads me to believe almost all the officers didn’t want to take the time to be trained
Only Officers Trained by ETS May Use the BolaWrap
The department may remove volunteer officers from participation in the
pilot program for failure to deploy with the BolaWrap after being trained
and issued the device.
https://public.powerdms.com/Sea4550/documents/2369061
“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 :(
According to Nichols, officers in the field are reporting an impressive 86% success rate using the devices.
https://www.fox17online.com/news/local-news/new-hope-for-police-de-escalation-bolawrap-device-offers-safer-alternative-to-stun-guns
Seems we’ve switched roles! Lol
Oh well…… I like the risk/reward from here.
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.
The sample size (3 deployments) is not large enough to make a determination. In Seattle is deployment considered a “Use of Force “ requiring extra paperwork?
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.
Only real takeaway from that article is Seattle Police are in disarray. Didn’t they defund the police? lol - I didn’t think they were even responding to calls anymore. lol. Hard to like something you’ve used 3 times. As for the author she’s obviously anti cop and strangely enough she writes a hit piece on the very tool she should be championing.
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.
Also……. Just watched the video. The suspects left side was pretty much up against a building…… not the place for a successful deployment.
Very interesting!
The man appears to move toward the other two cops, at which point the second officer to arrive uses his Bolawrap, which makes a sound similar to a gunshot, but within a split second the final cop on scene fires two shots at the man and the man falls to the ground.
Seems in the best interest of Seattle to have this as a “failed” deployment.
Shot the guy within a split second of deployment? Yikes!!!
Have you ever read LAPD’s use of force report? You’d be amazed how many times TASERs don’t deploy successfully. Not good publicity. However, pretty small sample size to make a determination
“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
Just put in an order for a bigger boat
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.
You’ve gone from Hulk Hogan to Sulk Hogan. Come on brother get up off the canvas!
“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.
My boat is now full! Now just deciding if I want a bigger boat. Risk/Reward from here feels great.
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
Yep! Lots of hair on this one.
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.
Convertible was done before the $4.9M order announced.
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…
On April 24, 2024, Wrap Technologies, Inc. (the “Company”) received notice from Rosenberg Rich Baker Berman, P.A. (“RRBB P.A.”) that it had resigned as the Company’s independent registered public accounting firm, effective immediately.
The Company is currently interviewing replacement candidates to serve as its independent registered public accounting firm. The Company expects to make a final selection soon.
Fresh warm convertibles like those smell of printer ink brother :)
3/4 of the position filled
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
I’m sure it’s frustrating as you’ve been way too early to this party. Luckily I have only nibbled around the edges and been more of a voyeur. However, I really feel like the products are gaining traction and this is its year. I’ve now got 1/2 of my allotted position. I’m just waiting for a flush when they report these latest numbers
It’s absurd, WRAP tries to sell itself as some sort of revolutionary whatever….and it can’t
Just reading headlines brother :)
You sound a bit manic this morning
“‘Counting skills’ becomes new WRAP strategic priority”
“Wrap Technologies Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)”
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