Member Info for Mozchops

See you fellow bagholders at the AGM.

Wonder if Robin will be there 🤔

Over the last couple of years they employed 2x marketing executives- if they were fulfilling contracts with black mass shipments - we’d know about it - where’s the investor marketing? come on. Just wooly statements from this lot I’m afraid. Suspended twice, we’re all in a loss position that will take a miracle to get our money back.

Reading between the lines, it seems they would get a higher price for their crushed blackmass if it were ‘finer,’ drawing this conclusion from videos, where it appeared to be 10-20mm.

‘Increasing the quality of the product’ does this mean shredding more ? More separation? I think they’ve been dying to spend the cap ex on this extra process but haven’t the money to do it.

This is incredibly early stage.

If they had decent throughput- there would be headline figures x amount per month growing by x % . With future guidance of y amount projected in 26. But all v woolly.

Sounds like we’ll see a focus on throughput and also investment in further refinement. Could this be the cash injection deployment purpose?

Hang on, has everyone forgotten this is a 50% privately owned subsidiary.

TM1 annual statement?

In 2025 we sold our major Irish asset for stocks which at the time were worth $10m, but we waited until they were ten times less then sold to pay our wages - the shares then went to $17m oops sorry bagholders..

Yes you may be lucky at that price,

I hope you can salvage your investment.

I was particularly green on this one as my research was dependent upon the director’s insight into the market.

I could see the potential, li-ion should be recycled and the capacity certificate they received looked like their future revenue was secure. With promises of burgeoning supply and easy sales.

Unfortunately I bought into the hype at £2.00 thinking this would go places. Been bag holding watching the falling knife.

Even if it does go up some, there will be plenty of sellers trying to save their embarrassment.

And to watch the crml price action was so painful. This was a life changing decision for the company blown.

Cant help but feel we’ve all paid for their plant.

Never trust a start up with hq on savile row.

Always check their cash flow vs capex required.

Alex looked like he wanted to invest in further bm refinement, and they wanted further sites across the UK.

Sure they know how to spend other people’s money.

I think shareholders need to realise they’ve been sold on this one and move on.

I could walk you round my brand new facility that I’d built with borrowed finance and shareholder promises. It would look great, but just look at the finances. I’d love them to prove me wrong but it ain’t going to happen.

Lesson learned.

Lack of filing is yet another massive red flag, once again signalling failure .

Just ask AI to confirm- in summary:

Recyclus itself is actually doing reasonably well operationally.

But TM1 - the listed vehicle you bought into - has:

• Mismanaged finances

• Diluted shareholders heavily

• Failed to deliver transparency

• Made poor strategic decisions

• Likely prioritised keeping Recyclus alive over protecting investor value

In other words:

Recyclus is progressing

X TM1 shareholders bore the cost.

And:

• My View: Underlying

Asset + Corporate Structure = "Deep Value Trap with Very Long Odds"

• The underlying asset (Recyclus) does have potential - but at the scale and financial stress TM1 currently operates, that potential does not realistically benefit public shareholders, under most plausible sale/exit prices.

• A rational buyer might indeed pay a small sum (low millions) for Recyclus — but after debt and liabilities, that yields nearly zero for TM1's public float.

Fortunately I have some US stock doing particularly well, so I wrote off this dog in my mind sold and re bought- took the loss to offset any future capital gain. Will hold to see if there’s any upside. But as AI analysed the dilution, the debt and the likelihood of success. It’s highly unlikely tm1 shareholders will see any value returned.

So soon we’ll see in the account statements if a TM1 asset was negotiated for $10m worth of shares and later nearly all sold off at a 90% loss and then used to bail out their 50% owned subsidiary. Later to watch the crml share price reach the $17m mark - maybe they’ll enlighten us as to how many they sold at the top of the market and whether this too went to their business.

I wonder if

A. they have shipped consistently to Glencore?

B. They are paying tm1 back.

It must be a very difficult business to get up and running properly, but I invested on the basis that they both said there is masses of supply out there, like too much for one plant.

We’ll see if we’ve been robbed.

UK faces mounting stockpile of used EV batteries

Industry experts warn that tens of thousands of used batteries are piling up because recycling capacity is scarce.

I recall Alex telling us in a video that there was unlimited feedstock out there. Is there really? What’s the through-put? Has Glencore been supplied blackmass each month? New contracts? Cash flow? Factual news would be reassuring.

Https://recyclusgroup.com/driving-efficiency-equipment-upgrades-boost-recyclus-plant-output/

Anyone any idea of battery throughput?

‘Break even by end of q2’ Alex quote - any nearer?

Some positive news would be good.

Can I suggest that the moderator of this chat group reads any personal comments towards others and blocks these people from posting, it really is becoming painful to look at.

What quantity are they actually processing each day ? Finished product. Simple question, anyone know?

Thanks

Interestingly Alex sounded rather upbeat like there are significant deals in the pipeline. 🤞. There are many teething problems with all startups. Infinite patience required. Anyone attending the site visit should not be able to move for blackmass and lorries making deliveries as apparently they are due to be in a b/e position, was it by end q2? Who is buying the blackmass? Has any been shipped? Does glencore need it shredding finer? Is that the next development that is needed? It’ll be interesting to visit or simply get some feedback for reassurance of a positive future. I’m well invested and believe this can be a success, just needs time.

Will the Agm be live streamed on YouTube ? Or at least recorded.

Personally I’d shut head office, all work from home or office in Wolverhampton. Until ‘cash positive’ make consistent blackmass sales -generate revenue. Stop burning tm1 cash. And do not spend Leinster proceeds- get some interest on it , half the wage budget. Prove li battery recycling pays before you dream of more refinement or factories.

My advice would be to take the Leinster sale shares, sell them and put all the cash into bitcoin. Alex and Robin, rebrand, diversify get videos out there selling the new strategy, just keep recyclus ticking over. I’m not joking.

How about renting super expensive offices in central London? Does it matter where they are based these days? Frozen salaries means no increase 🫣 sickening. How about cut in half and work on a performance bonus, see where we are end of 2025.

Well they are supposed to be shipping 40tonnes per month to India, but if they don’t have the paperwork then the factory yard must be filling up.

Does anyone live near Wolverhampton? If you look through the factory gates or speak to the security guards can you give us an update? Can you see stock piles of black mass ready for shipment- like in 40tonne stacks of pallets? Also, is there a steady stream of Lorries making deliveries of spent batteries? If anyone lives near Savile Row, are the lights on and can you see the plumes of vapour from their heating system ? Do you think we will have a profitable 2025? Should do a quiz really to pass the time, meanwhile all of the US tech stocks double in value 😞. I invested as I believed that this is the market to be in and the BoD are super convincing, I think they will be determined to turn this thing around 🤞🤞

Yes agreed, have we subsidized their own business? Why are we paying for TM1 Saville Row premises? What value are they delivering? Are the wages paid from TM1 investors and borrowing? How much black mass has been generated? Is the TM1 business plan being worked towards? What are realistic targets now? I think we need some transparency.