LOL at the convoluted excuse they've spun that McDonald's claim into:
https://recyclix.com/news/Moving on, we would like to issue a clarification as some members have been interested in our collaboration with McDonald's Netherlands and unfortunately some confusion has arisen from an inaccurate translation of the original documentation. We are indeed proud to work with them through our partner company Plamika UAB, Lithuania, that has won the contract to process all of the waste materials. We on the other hand have collaborated with Plamika UAB, Lithuania to handle the plastic wastes as a subcontractor.
McDonald's lawyers moving to quash that in 5...4...3...
2nd LOL at the "We're definitely not a MLM scheme, promise!"
Unfortunately, there was some misconception that Recyclix is just another Multi Level Marketing company, which we are definitely not....Our next newsletter will be an Interim Financial Report that will include important financial statistics and data that we are happy to share with our users, as well as upcoming plans for future international expansion. We hope that this will enhance transparency between us and further show our commitment to make Recyclix not only a global ambassador for the environment, but also the best financial platform available to serious investors.
But not the Italian authorities, apparently. Which suggests they don't have a valid Financial Statement they can offer up right now (as they definitely should do considering how long they have been operating), they have to spend some time cooking the books sufficiently to try and pretend like their 'Interim Financial Report' is going to be legit.
What's this?
Our activities are solely about plastic recycling, and affiliate marketing is just an added bonus. To avoid confusion and to further solidify our brand as a recycling company, we will move away from the 4-level affiliate structure and simply give a 12% bonus for every deposit of a direct referral.
Oh noes! This changes everything, surely? They are not going to be operating their painfully-obvious MLM structure as a Multi-Level-Marketing operation anymore! No, they are simply going to be paying people 12% of whatever they can directly con somebody else into sending to these scammers.
So, 12% of every new deposit which comes from a direct referral is effectively lost for the company. Which means before they can make the 'investor' any money, they have to make a 12% profit first in order to cover for the 12% referral-fee they give the slimy scumbag who referred said 'investor'.
THEN, and only then, an additional NET PROFIT has to be generated which pays to the 'investor' the expected amount of return on the total amount of their deposit.
That is a LOT of fucking profit they need to make from what is clearly a rather shoddy-looking under-staffed under-equipped recycling operation. All of this DURING an oil-price slump which means it is more cost-effective for manufacturers to buy high-quality plastic newly produced from petrochemical precursors than variable quality batches from recycling firms.
