The Microcap Speculator submits: I have been reading Eternal Technologies' (ticker: ETLT.ob) latest 10-Q filing. I can't figure out how over the last quarter accounts receivable increased $7,606,388 but sales were only $5,026,968. Anyone have an explanation?
I just took a small position in this one, but if this is a harbinger of broader accounting issues I'll look elsewhere.
DISCLOSURE: I am long ETLT.OB. Not a recommendation to buy or sell any security. For informational and educational purposes only.
ETLT 1-Yr Chart