Wrap Technologies Inc (WRAP) Options

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

Yep! Lots of hair on this one.

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.

Convertible was done before the $4.9M order announced.

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…

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.

Fresh warm convertibles like those smell of printer ink brother :)

3/4 of the position filled

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

I’m sure it’s frustrating as you’ve been way too early to this party. Luckily I have only nibbled around the edges and been more of a voyeur. However, I really feel like the products are gaining traction and this is its year. I’ve now got 1/2 of my allotted position. I’m just waiting for a flush when they report these latest numbers

It’s absurd, WRAP tries to sell itself as some sort of revolutionary whatever….and it can’t

Just reading headlines brother :)

You sound a bit manic this morning

“‘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 :)

Depends on how ya look at it. There’s a $4.9M order that they PR’d 12/27/24. If booked for 2024 increases for QTR and Year 2024. If they don’t…….. that’s a nice chunk of change for 2024. Once I see when Wrap will realize that order I’ll back up the truck.

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.

Won’t happen. They’ll be back in compliance here in a week or so. Anything under $2 is gonna be a gift

When this gets delisted….

Watch the latest YouTube videos with the CEO. He’s definitely not courting investors. Lol

“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!”

Incompetent or shady, those are the only two choices on the table now for the secret identity of WRAP.

CLOWN SHOW. Companies being run well don’t get delisting notifications from NASDAQ….

WRAP countdown to delisting officially begun, 57 calendar days to go….

May go lower after Q4/Full Year 2023 earnings get reported. However, I find Wrap finally worth taking a shot. Feel like they’re finally getting traction and it’s up from here.

Ok ok I bought a tiny taste back just in case

Well…… at least you didn’t get anyone pregnant.

“For whatever reason”….

Yeah, that’s exactly what I’m talking about…

Investing in this wisely would be based off of a continued growth pattern, which they don’t have dropping 25% from 22 to 23.

AND they have delayed repeatedly earnings? That’s cause someone screwed the pooch!

Poorly managed companies don’t grow, they shrink 25% from year to year :)

Orders for over $10M came in for 2023. For whatever reason that $4.9M for Q4 isn’t going to be recognized yet.

Why? Cause it went up ten cents? 25% less revenue than prior year is all I need to know. Not climbing, sinking.

Time to get back in the ring.

I’m out bay bay. I’ll of course keep an eye peeled, but this delay on top of delay on top of delay on top of making LESS MONEY in 2023 than 2022? Yikes.