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Let’s get a recap of Bolawrap these days:
They haven’t released 2023 earnings and it is May.
NASDAQ has sent them a delisting notification.
Seattle PD just dropped the Bolawrap program stating ineffectiveness.
Their financial auditor just resigned.
News stories in Florida about Bolawrap actually INCREASING officer danger as they fail to apprehend approaching suspect who gets shot and killed.
And finally, the new CEO can’t change his diapers fast enough. Maybe HE’S happy, the folks who bought convertible insider shares are happy. But police departments don’t seem to be happy. Investors certainly aren’t.
Nevermind I see it here.
https://www.fox13news.com/news/hillsborough-county-sheriffs-office-on-scene-of-deputy-involved-shooting.amp
Too bad for that dude, non-lethal failed
Re-read your article dude, no taser mentioned. Too bad they didn’t have one, might have saved this guy’s life. They trusted in the Bolawrap, and the suspect died while the officers were put in more danger.
https://www.wtsp.com/article/news/local/hillsboroughcounty/plant-city-deputy-involved-shooting/67-8b1cfdac-a9f2-46c7-a56a-aa27e17c3889
“Suspect charging you and all you have is a Bolawrap in your hands? NOT good. Placing officer in MORE danger. “
I guess you’d have to say the same about the Taser as it didn’t work either.
A more accurate review of the body cam video shows me a couple things. The Taser sighting shows as dot and the BolaWrap shows as a line or plane. Right before the suspect steps through the gate you see the BolaWrap sighting up in the trees. I never really catch a good look at the sighting after that….. maybe high near the suspects neck at one point but really never again. As soon as the suspect steps through the gate you hear the BolaWrap being deployed……. This doesn’t seem like proper technique. I feel like the officer that deployed the Taser would have had better success as the suspect was in nice position away from the gate. The more they use the BolaWrap the better they’ll get. Unfortunately for this suspect neither Taser nor BolaWrap were deployed successfully.
What happens when a cop dies after deploying a failing Bolawrap…
Suspect charging you and all you have is a Bolawrap in your hands? NOT good. Placing officer in MORE danger.
https://www.wtsp.com/article/news/local/hillsboroughcounty/plant-city-deputy-involved-shooting/67-8b1cfdac-a9f2-46c7-a56a-aa27e17c3889
Bolawrap, in field failures lead to departments cancelling the device completely?
Seattle PD just cancelled order stating ineffectiveness and now Florida stories of Bolawrap failing and leading to police being in increased danger and lethal results?
Haven’t reported earnings and it’s May?
Delisting notification from Nasdaq
Their auditor just resigned?
Bola. Good idea, bad execution. A failed product being diluted before insiders can’t cash in anymore….
Seattle PD knew what it was doing
They used the BolaWrap……..and Taser.
Def coulda used a bola there
Everything got worse dude! They started dropping the ball in quick order!
Sales lower in 2023 than 2022.
They haven’t released earning and it’s May.
Their auditor resigned (with late earnings this looks BAD)
Seattle PD dropped Bolawrap stating ineffectiveness. Isn’t it supposed to be going the OTHER way???
You’re still sitting there like it’s six months ago and the new CEO hasn’t crapped all over the place.
You used to be such a big cheerleader. Now you’re a real glass half empty kinda dude.
Kinda hard for new metro cities to get into this when they are staring at Seattle PD cancelling their contract touting non effectiveness in the field.
New city budget folks I’m sure are VERY impressed this “revolutionary” device hasn’t reported earnings from last year….even though it’s May.
They are confident with investing into a company that has fewer sales in 2023 than in 2022.
They LOVE the fact that WRAP’s auditor QUIT last week. Don’t expect the books to get uncooked anytime soon!
Just SO much wonderful news!!!
OUCH!
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.
No, I don’t think the CEO is on steroids.
That would give him some sort of an edge against the competition! This guy is knee deep in delisting notifications, non reported lower earnings, and major metro police departments cancelling Bolawrap programs!
Can we GET him some “assistance”? Maybe something for the pants crapping ever since he took over?
The CEO needs his diapers changed, it’s starting to leak down his leg.
It’s May and STILL no earnings from 2023?
What they have hinted at shows fewer sales in 2023 than in 2022?
Their auditor just resigned?
They’ve gotten delisting notifications from NASDAQ?
Seattle PD just STOPPED using Bola after trying it?
Where is the good news?!?
Oh yeah, that’s right. In his self typed PR, he has a new “exciting” agreement with a company in another country. Someone print some converted shares and sell em quick lol!
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.
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