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.
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
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.
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…
Fresh warm convertibles like those smell of printer ink brother :)
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
It’s absurd, WRAP tries to sell itself as some sort of revolutionary whatever….and it can’t
Just reading headlines brother :)
“‘Counting skills’ becomes new WRAP strategic priority”
“Wrap Technologies Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)”
“WRAP CEO orders case of ‘White Out’ from Amazon”
“That’s a WRAP folks! Delisting notification, wtf?”
“WRAP, to use or not to use…wait, delisting?”
“New WRAP CEO hits ground crapping his pants”
When it gets down to $1.40 near where they sold convertibles AND they fire him…that’s when I’ll take a serious look again.
And if the new leadership is inept, ruining integrity and confidence from potential buyers by having delisting notices as what is found by basic due diligence checks?
What makes you think it stops here? He’s just showing you his FIRST of many incoming oops moments like this brother :)
Point is, they are SCREWING THE POOCH
“They can’t even FILE on time? Ruh roh buy more tasers instead…”
PDs doing due diligence on WRAP as a potential solution?
Conversations….
“Wait, this company is being threatened with delisting, why in gods name are we risking with them?”
No reason to think they aren’t gonna milk out these 60 days so they can white out what they need to white out on the forms.
Move a few digits, sell a few convertibles…Later for all that accountability nonsense brother :)
Think so? I thought they WOULDN’T sell 25% less in 2023 than in 2022, but somehow they did. So much for growth.
I thought they’d report on time, but they didn’t.
I thought NASDAQ wouldn’t publicly threaten them with delisting, but they have.
Growth? Maybe. Mismanagement? Absolutely.
When this gets delisted….
“if the Company fails to timely regain compliance with this Nasdaq Listing Rule, the Company’s common stock will be subject to delisting from Nasdaq.”
Counting numbers shouldn’t be that difficult for a company trying to court investors.
WRAP BOARDROOM
“Ok guys, we’re trying to grow. Trying to build pps, gain momentum, what should we do next?”
CEO: “Let’s hide the fact that our earnings are 25% lower than prior year by delaying reporting to the point NASDAQ is threatening us publicly with delisting! After all, those insider convertibles need to be sold first before it tanks!”
“Great idea boss! Let’s roll!”