Suspension24 Mar 2026 10:44
As I recall, Recyclus was brought into the annual audit unexpectedly which caught the BoD off guard, resulting in a scramble and inevitably delayed set of accounts.
If an auditor picks up a significant finding, management need to act on that finding promptly.
The fact that Recyclus has recently gone down the Crowdfunding route suggests to me that their financial position was a significant finding and the recommendation was to source funding real quick, and not from TM1.
I’m sure we’ll find out soon enough what’s going on. Or maybe not.