[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

[Hulk Hogan is God]

If Frank stops out with all his subscribers…. This thing will drop like a rock.

[Hulk Hogan is God]

I even went back and added another little bunch on top of that. I have a coach class seat now on the rocket in case it blasts.

[Teliz2009]

That’s the spirit

[Hulk Hogan is God]

Ok fine I bought some more

[Hulk Hogan is God]

Dude I’m with your general thesis here, I just think it’s going lower waiting till October like we are with no news.

Frank himself indicated they can’t put out news cause they look like chumps putting out news with unreported financials like they have.

It’s just not there yet, I’ll lower my average when it hits like 1.15

[Teliz2009]

Can’t say I’ve seen anything from him since late June.

[Hulk Hogan is God]

I’m tempted to get curzios newsletter to see what he has his folks bought in at.

I’m betting they are losing, Curzio video not like him to do for free, he’s probably borderline stopping out for a second time and he has to convince folks to ignore his normal 35% loss triggers. IMO.

[Hulk Hogan is God]

Poor Frank putting out public videos on Wrap cause he’s so nervous he’s gonna crap his shareholders out twice with it lol

[Teliz2009]

Too early? I’ve been hanging around the rim for a couple years listening to you pump this thing while I was saying it’s too early if ever…… I even started to count it out 1-2-2 1/2 Lol! Unfortunately, your credibility is shot. The product has more traction now than it’s ever had. It’s either now or never so I’ve decided to take my shot

[Hulk Hogan is God]

Remember we’ve got two whole months till October, and absolutely zilch will occur til then besides people selling shares to pay the bills.

[Hulk Hogan is God]

Eek. Too early brother, too early!

[Teliz2009]

Added @ $1.54

[Hulk Hogan is God]

Hoping you took your own advice and sold brother

[Hulk Hogan is God]

Get some rest. If you haven't got your health, then you haven't got anything.

[Teliz2009]

Yawn!

[Hulk Hogan is God]

Bola made for pink sheets when you think about it, hare brained Batman tool that doesn’t file financials fits the mold spot on.

[Hulk Hogan is God]

October 14, 2024, 73 days. That’s the final ‘180 days after you crapped the bed’ NASDAQ deadline.

Who actually thinks these clowns are gonna climb out of the hole?

And what will the pps of pink sheet Bola be?

[Hulk Hogan is God]

It’s hysterical they think they have a shred of credibility sitting there with a delisting notification for totally crapping their finances.

[Hulk Hogan is God]

Watch for some lame PR coming soon. Wanna bet?

“Exciting new agreement”

“Biggest ever”

“A major law enforcement agency” (without actually naming it)

“Shareholder letter”


Pps is drifting near that $1.45 again, that’s when mister letter man takes out his pen and notepad.