Not all code is "wrap-able". From Oracle DocID 158467.1:
The PL/SQL wrapper is designed to wrap certain sections of the code
such that the code is protected from duplication or changes. It is not designed
to be secure and so certain strings, literals and assignment values remain
visible. This is how the wrapper works.
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by: schwertnerPosted on 2009-06-09 at 12:09:30ID: 24584550
Using
c:\>wrap iname=xyz.sql
i got it fully encrypted