Wrap Technologies Inc (WRAP) Options

You're about ready to tell me how you bought back in.

"Wrap Technologies identified a material weakness in its internal controls over financial reporting due to a lack of resources with SEC financial reporting experience."


LOL!!!!


Proof nobody has a clue other than pressing the share printer power switch as sales die.

"The company reported a gross profit of $235,000 for the quarter, compared to $2,177,000 in the previous year, with the decline attributed to lower sales volumes"


LOWER sales.  Big cities are dropping it after trying it.  Cohen just milking the dying pig hoping you buy his shares now...

Another plummet is coming, this thing is dysfunctional and dying :)

They can't even sell their convertibles for a profit anymore :(

Cohen is a disaster leader.  Bring him in if you want to dilute and destroy.

Talk about a rotting concept right?  Sales down from 3,600,000 to 500,000?

Ew....

"We reported net revenue of $593 thousand for the three months ended September 30, 2024, as compared to $3.6 million for the three months ended September 30, 2023, an 84% decrease compared to the prior year. The decrease in 2024 as compared to the prior year is primarily a result of 2023 revenues that included large order intake in EMEA."


WOW, sales PLUMMETTING!!!

When it goes under $1 I'll walk by her dirty trough again and take a sniff.

So glad I let this piggy go back to her trough 

Her pimp Cohen has her out turning ALL the tricks, there isn't enough Penicillan in the world to clear her books now. :)

And yet you keep taking her back. LOL!

Wrap is crap, poor shareholders paying for their dilution and dismal sales.

TMI

Here comes the BIG DUMP

Carabineros de Chile will allocate $38.7 Million for the purchase of 10,583 BolaWraps in the 2025 budget 

🤫 Don't look now.
For the first time, officers used a BolaWrap device to safely take a suicidal person into custody over the weekend. The man was running into traffic near the overpass of the Florida Turnpike near Tradewinds Park. The BolaWrap device is specifically designed to help de-escalate situations like the one the officers encountered with this man, who was clearly in need of help.



https://x.com/CoconutCreekPD/status/1848725373892141156

Ugly when cops fire it three times and it still fails them. Gun drawn.

Three weeks ago it failed. EW.

Old news

EW. https://abc7news.com/amp/post/sfpd-new-lethal-tool-powell-bart-station-shooting-failed-/15350971/

UGLY. https://sfstandard.com/2024/09/25/cops-fired-their-fancy-new-lasso-at-an-armed-man-it-failed-3-times/

Bleeding it back to 1.50

lol not with the CEO selling into any pps increase :)

Dilution

Well this is certainly a nice pop, does it hold?

WRAP.......https://stockcharts.com/h-sc/ui?s=WRAP&p=W&b=5&g=0&id=p86431144783

$1.87 + 14% Ready to $WRAP
maybe the police can tether this up some

This one remember from December? “Wrap Technologies, Inc. Announces Largest BolaWrap Order in Company History”

That was hot air, nothing more.

Whatever happened to that GIANT HUGE GROUNDBREAKING order they announced but never got specific on at the beginning of the year?

Those sales were NOT in either 10-Q. Hot air to sell shares.

lol they were trying to lure folks with tiny 1.80 buys in the pre market

Yes - at the deadline. Cohen wants to have that 20% dividend in place as long as possible

Do we ever get Q1 and Q2?

Same old delinquent share printer brother :)

Frank desperately went to X over his subscribers to publicly put out his big dog and pony show pitching WRAP?

LOL!

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.

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!

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.

Common shareholders are irrelevant to them now, look out below as they dilute.

https://www.owensborotimes.com/news/2024/09/dcso-debuts-body-worn-cameras-deployable-restraint-device-tire-deflation-device/

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.

GLAD I didn’t

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.

I bought my other half back the second I saw earnings were posted

Yes - what do you plan to do about it?

Product sales DECREASED from 22 to 23? Isn’t that the wrong direction for all the BS they spouted about sales?

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.

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.

Dilution + hidden financials = ?

Check yourself for color blindness brother

However, let me go on record as saying nothing about Friday’s disclosure smells good.

Looks like blue skies ahead. Lately you’ve been a fabulous contrarian indicator.