Paper2d shrink wrapped sprite causes it to not render

I imported my sprites and the default render geometry type while functional, would result in drawing a lot of alpha that I didn’t need. So I changed it to shrink wrapped but when I did that, the image no longer shows up and thus doesn’t render in the flip book or if I just drag it into the editor. Is this a known issue that sometimes happens or is there something I’m neglecting to do? I tried diced and while it would work, it looks like it would be overly complex…but then again perhaps it’s not as bad as it seems? Attached are screenshots of what the 3 different rendering methods look like.

Is this a known bug? I could have sworn I heard something about the shrink wrap feature being buggy but I can’t confirm.