The real story ?If one was to delve into the makings of the high receivables with Omega DPC one would very likely find out it was contrived by Eguana to get to a high earnings quarter that fell apart just when the BESS tanked.
DPC were really never on the hook for the receivables allthough the number had to go somewhere. So it went on the receivables for EGT and payables for DPC.
Holland has never explained it because ....... well it shows very poor judgment as well as a lack of the forward demand for the EGT product in an inflationary marketplace.
These receivables were the product of many on all sides.
How does EGT stay in business.
Itochu owns the science of the battery management systems (EGT) and is proping up the company until the market forces change.