Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Shady financing? Auditor just resigned?
Lower sales in 2023 than 2022? And we are supposed to think it’s “growing”?
They can’t even file earnings! Nasdaq has given them a delisting notification!
Whoever is running this thing should change jobs with someone who isn’t clueless.
Insiders who bought those convertibles are frustrated PPS isn’t making them a profit anymore.
More dilution will bleed from any PPS increase short term with this stinker.
One thing is for sure, Seattle PD just DROPPED the “revolutionary” Batman inspired BOLAWRAP.
Seattle PD said it was ineffective. Ouch. JUST like what happened in Florida. Huh.
The lipstick wore off and guess what’s underneath? Oink, oink my good man.
Tell me when I’m telling lies brother :)
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
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
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.
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.
“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