Jul. 1 at 3:09 PM
$WRAP reminds me a lot of of Taser 20+ years ago. I remember when Taser was considered uninvestable -- it now trades at
$600 under the name
$AXON, which coincidentally was at one point a Wall Street darling biotech that Vivek Ramaswany milked for millions and then ran into the ground.
But back to Wrap. I don't love the stock but I do love the technology and I can see it getting acquired at some point. With most police technology it's a slow process like building out network effects. One department places a small order and then orders more; other departments notice and do the same. It's not easy to convince police departments to spend money on one more tool...but I think most people realize that non-lethal force is preferable in most situations.
I'm going to keep this one on watch. Posting here so I don't forget about it while I do more DD. Would love to hear from others, good or bad.
