Topic: Polish-registered recyclix.com is a Ponzi scheme and provably so. - page 8. (Read 95492 times)

lol, wtf is this supposed to be? Whoever produced this "financial report" was not even aware that there's such thing called the accounting standards. They couldn't even categorise their expenses properly. Numbers straight out of the ass. I love how turnover per tonne is hard-fixed at EUR 680/tonne and how 2015 and 2016 net profit margins are almost identical despite 2015 being their first year of operations (you'd expect massive business set-up costs etc). But nothing beats fixed tax at 12% ... of turnover (rather than Profit Before Tax), giving the effective rate of 41.5% (tax/PBT) for 2016 (and ~40% for each quarter). Standard corporation tax in Poland is only 19%...

I'm guessing making up the numbers for the Balance Sheet was too much of a task for them.

do you have another source . that site has a proxy error

Providing factories with the complete working cycle: recycling, processing, and delivery of reprocessed granules. For example, by making film of 100% recyclable materials, expenses for its purchase for farming companies will be cut by 20% on the average;


from the link you sent

good job cryptodevil . keep us informed .

Unfortunately for Recyclix, just as CONSOB's online report exposes their lies, EUIPO's online data does, also:

https://www.tmdn.org/tmview/basicSearch.html?q=Recyclix#

Given the speed they have tried to throw their supposed financial statements news post in the memory-hole, I'd say that is a fairly damning 'official statement' from them following CONSOB exposing their lies. This was touted as being a big deal which would show they were legit, but they buried it pretty damn quickly after that ruling. Good job the link to it is still live even if they have removed the news page it was posted on. Sloppy work there, Recyclix web admin!
https://recyclix.com/image/news/news15/fin_report.pdf

They have gone from claiming to be a plastics recycling processor, to claiming to be such a major plastics recycling processor that McDonald's signed them up, to desperately trying to bury that claim until, finally, they now are pretending that while they aren't actually a plastics processing facility, they are working *with* processing plants.

Which kinda makes the whole factory visit they laid on to supposedly prove their legitimacy as a plastics processing operation a complete fabrication, i.e. Utter Bollocks.

CONSOB asked Recyclix to provide transactional evidence they were getting their profit from selling recycled plastic and Recyclix refused to do so. If they were even working *with* processing plants they should still have been able to easily prove their financial structure simply by showing the Italian authorities the relevant paperwork which would support their claim. They refused to and now they are scrabbling to distract everyone through the yawn-fest news about how they've registered the name Recyclix as a trademark.

Whoop-de-fucking-doo, Recyclix. Seems you've got no problem with paperwork as long as it is nothing to do with having to prove you are a legitimate operation, which a trademark registration does not do, contrary to your claim.
https://recyclix.com/news/

The process for registering a trademark has NO BEARING on the legitimacy, or otherwise, of the operation of the underlying company.

they have no facilities as stated here: https://recyclix.com/services/
please elaborate what you dont understand?

thanks to CONSOB you can find recyclix in multiple national fsa warning lists

so their facilities are now in italy ?

It seems that the dream of get rich in easy way for many people ends.
I dont watch facebook discussion, and when they close my account on recyclix.com i don't even check what is going on there..
When was the last official statement or any post from them?

The above judgement of the 12th December is based on the case details published in Italian on the 6th December, a google translate version of which contains this interesting point:
http://www.consob.it/documents/46180/46181/d19799.pdf/f63db0ee-6a78-4c86-909c-20e6165531be

What this means is that Recyclix refused to provide any documents to support their claim towards user profits arising from the sale of recycled plastic waste.

tl;dr: Recyclix=Ponzi

The 90-day suspension has resulted in the Italian financial authority CONSOB releasing this judgement:
http://www.consob.it/mainen/target/investors/warnings/warnings.html?queryid=mainen.result.warnings&maxres=10&resultmethod=tutela&search=1&symblink=/mainen/target/investors/warnings/index.html

Their conclusion: Recyclix is an illegal financial instrument and is forbidden from promoting themselves to Italian citizens

I don't know if it has been already wrote (i'm not able to read all page atm)... But in italy recyclix has been temporany locked and the authority are still waiting for documents to prove the Company is real... But these documents still didn't come... Ahahhaha do your considerations.

no new updates just chats from people speculating

So 2018 oct pull all investment out if you can .  i doubt they will be around then

Not 10000 but minimum of 100,000 euros.

RECYCLIX REVEALS FUTURE STRATEGY . Strategy is simple. They told prospect victims that "the current system will be closed for new registration soon" in order to make them believe that if they will not "invest" soon they will not have such chance in the future.
 
Sixth principle of influence - "perceived scarcity will generate demand"

It's their Facebook page.
https://www.facebook.com/recyclix/

can you provide a link?

Shit's getting real.


I cannot wait to see how these devious bastards are intending on spinning this exit strategy.

Popcorn at the ready.

Well Im sold . I now agree .  I dont not believe recyclix is legit. Will not be sending money into their made up project. thanks Cryptodevil . You saved me lots of money.

. . .aaaaaaand here comes the "Quick, invest now while there is still time before we close" manoeuvre which, when coupled with the disproportionately favourable BTC/$ exchange rate, should help them to scoop up as many new deposits as they can before the inevitable collapse, which will be *well* before any date they announce. Because that is the intention of the scam, remember, to keep the funds flowing in.