New York (July 30th) - A recent Seeking Alpha article by White Diamond Research took to task Wrap Technologies, Inc. (WRTC) and suggested a short case for investors. The article made some reasonable points. But we’re of the view that the short case made in that piece is likely overstated and missed a potential growth story in non-targeted markets, as well as the prospect the company might be acquired. Both of those issues should be addressed.
Background
WRTC is a single-product company that produces the “BolaWarp”, a hand-held, non-lethal, Batman-like device, about the