WRTC - Wrap Technologies: Disastrous LAPD BolaWrap Pilot Program Results No Evidence These Have Been Communicated To Investors

• Wrap Technologies (WRTC) management has spoken for almost a year about how great it is that the LAPD is doing a trial pilot program with the BolaWrap.
• However, now that the trial results just came out, which were terrible, management hasn’t released it to investors.
• This LAPD would be WRTC's biggest police department customer, this omission is like a pharmaceutical company refusing to disclose a failed FDA trial to shareholders.
• Outof 200 BolaWraps actively used by the LAPD over a 6-month period, there was only 9 deployments, 6 were effective but it only really worked once.
• Adjusting for this new info, we’ve reduced our WRTCone-year price target from $3 to $2.50.

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