SKIPPACK, Pa., Dec. 18, 2012 /PRNewswire/ -- The GeoTeam at GeoInvesting, LLC was able to visit the facilities at Cleantech Solutions (Nasdaq: CLNT), after which it gleaned some important information regarding the company's operations and growth.
Cleantech wowed investors with what appeared to be home run financial results for its third quarter ending September 30, 2012. Reported sales increased 48.5% to $17.3 million and EPS increased 91% to $0.88. CLNT attracted our attention after a bearish November 21, 2012 article was published on Seeking Alpha titled "A Troubling Visit to Cleantech Solutions."
Following these developments and dramatic volatility in CLNT's shares, we decided to visit CLNT for a firsthand glimpse of the company's operations. During this visit, we were able to cross check some of the company's recent claims, so our initial due diligence confirms that a good deal of information disclosed in the CLNT's SEC documents holds some credence.
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