diff --git a/cmd/mesh-controller/missed_merges.go b/cmd/mesh-controller/missed_merges.go
new file mode 100644
index 0000000..4a83e46
--- /dev/null
+++ b/cmd/mesh-controller/missed_merges.go
@@ -0,0 +1,131 @@
+package main
+
+import (
+	"context"
+	"fmt"
+	"time"
+
+	"github.com/novox/mesh-controller/internal/inventory"
+	"github.com/novox/mesh-controller/internal/link"
+)
+
+// **A merge the bus announced and the controller never acted on is caught up** (novox/hq issue 266).
+//
+// The forge's poll announces every merge on the events stream, and the controller acts on what its
+// consumer there hands it. On 2026-10-06 one merge was on the stream and never handed over: the bus
+// server moved the consumer past it — a fault of consumers with several filters in the server the
+// mesh ran — and the controller, which only acts on what it is handed, said nothing. The modules
+// built from that repository stayed behind and were built by hand.
+//
+// So the stream is read back on a timer, on a consumer of its own filtered on merges alone, and every
+// announcement older than mergeGrace is judged as SourceMoved would judge it. **No record of what
+// was handled is kept, because none is needed**: acting on a merge marks every module it moved as
+// looked at since, so an announcement already acted on reads as history and moves nothing. One that
+// would still move something was never acted on — it is said, and acted on now.
+const (
+	// mergeGrace is how long an announcement is left to the controller's own consumer before it is
+	// judged missed. That consumer hands over one event at a time, and a merge waits behind a build
+	// outcome that is being acted on; acting on a merge itself asks builds and does not wait for them.
+	mergeGrace = 10 * time.Minute
+	// mergeLookBack is how far back a pass reads. A merge missed longer ago than this was missed by a
+	// controller that was not running this, and is the operator's to look at, not a surprise rebuild.
+	mergeLookBack = 24 * time.Hour
+	// mergeCatchUpEvery is how often the stream is read back.
+	mergeCatchUpEvery = 5 * time.Minute
+)
+
+// merges is what reads back the forge's announcements; the link server, or a test's list.
+type merges interface {
+	AnnouncedMerges(ctx context.Context, since time.Time) ([]link.AnnouncedMerge, error)
+}
+
+// catchingUpOnMerges reads back the forge's announcements on a timer, until the context ends.
+func catchingUpOnMerges(ctx context.Context, open *stores, announced merges) {
+	f := following{open}
+	catalogued := func(ctx context.Context) ([]inventory.Entry, map[string][]inventory.ReadRepository, error) {
+		entries, err := open.inventory.Catalogued(ctx)
+		if err != nil {
+			return nil, nil, err
+		}
+		read, err := open.inventory.ReadRepositories(ctx)
+		return entries, read, err
+	}
+	failing := ""
+	tick := time.NewTicker(mergeCatchUpEvery)
+	defer tick.Stop()
+	for {
+		select {
+		case <-ctx.Done():
+			return
+		case <-tick.C:
+		}
+		err := catchUpOnMerges(ctx, time.Now(), announced, catalogued, f.SourceMoved, func(format string, args ...any) {
+			fmt.Printf(format+"\n", args...)
+		})
+		// A pass that cannot read says so once, not every five minutes, and says when it reads again.
+		why := ""
+		if err != nil {
+			why = err.Error()
+		}
+		if why != failing {
+			if why != "" {
+				fmt.Printf("merges the bus may not have handed over cannot be looked for: %s\n", why)
+			} else {
+				fmt.Println("merges the bus may not have handed over are looked for again")
+			}
+			failing = why
+		}
+	}
+}
+
+// catchUpOnMerges is one pass: every announcement older than mergeGrace that acting on would still
+// move something is said and acted on, oldest first.
+//
+// Judged twice: once against the catalogue as the pass found it, and again just before acting,
+// because acting on an earlier missed merge of the same repository may have moved what a later one
+// would have.
+func catchUpOnMerges(ctx context.Context, now time.Time, announced merges,
+	catalogued func(context.Context) ([]inventory.Entry, map[string][]inventory.ReadRepository, error),
+	act func(context.Context, link.SourceMoved) error, say func(string, ...any)) error {
+
+	all, err := announced.AnnouncedMerges(ctx, now.Add(-mergeLookBack))
+	if err != nil {
+		return err
+	}
+	entries, read, err := catalogued(ctx)
+	if err != nil {
+		return err
+	}
+	for _, a := range all {
+		if now.Sub(a.At) < mergeGrace {
+			continue
+		}
+		if len(wouldMove(a.SourceMoved, entries, read)) == 0 {
+			continue
+		}
+		if entries, read, err = catalogued(ctx); err != nil {
+			return err
+		}
+		moves := wouldMove(a.SourceMoved, entries, read)
+		if len(moves) == 0 {
+			continue
+		}
+		var names []string
+		for _, e := range moves {
+			names = append(names, e.Manifest.Module)
+		}
+		say("%s/%s merged into %s (%.8s), announced %s ago, and the controller never acted on it: the bus "+
+			"did not hand the announcement over (novox/hq issue 266). %s %s behind it; acting on it now",
+			a.Owner, a.Repo, a.Base, a.Commit, now.Sub(a.At).Round(time.Minute), readableList(names),
+			isAre(len(names)))
+		if err := act(ctx, a.SourceMoved); err != nil {
+			say("%s/%s moved to %.8s and the mesh could not act on it: %v; the next pass tries again",
+				a.Owner, a.Repo, a.Commit, err)
+			continue
+		}
+		if entries, read, err = catalogued(ctx); err != nil {
+			return err
+		}
+	}
+	return nil
+}
diff --git a/cmd/mesh-controller/missed_merges_test.go b/cmd/mesh-controller/missed_merges_test.go
new file mode 100644
index 0000000..f4df12d
--- /dev/null
+++ b/cmd/mesh-controller/missed_merges_test.go
@@ -0,0 +1,180 @@
+package main
+
+import (
+	"context"
+	"errors"
+	"fmt"
+	"strings"
+	"testing"
+	"time"
+
+	"github.com/novox/mesh-controller/internal/inventory"
+	"github.com/novox/mesh-controller/internal/link"
+)
+
+// announcedList is the events stream's merges as a test gives them.
+type announcedList []link.AnnouncedMerge
+
+func (a announcedList) AnnouncedMerges(_ context.Context, since time.Time) ([]link.AnnouncedMerge, error) {
+	var out []link.AnnouncedMerge
+	for _, m := range a {
+		if !m.At.Before(since) {
+			out = append(out, m)
+		}
+	}
+	return out, nil
+}
+
+// aCatalogue is what the inventory holds, changed the way acting on a merge changes it: every module
+// the merge moved is marked as looked at (inventory.SourceMoved writes source_seen = now()).
+type aCatalogue struct {
+	entries []inventory.Entry
+	acted   []string
+	fail    error
+}
+
+func (c *aCatalogue) read(context.Context) ([]inventory.Entry, map[string][]inventory.ReadRepository, error) {
+	return append([]inventory.Entry(nil), c.entries...), nil, nil
+}
+
+func (c *aCatalogue) act(now func() time.Time) func(context.Context, link.SourceMoved) error {
+	return func(_ context.Context, m link.SourceMoved) error {
+		if c.fail != nil {
+			return c.fail
+		}
+		c.acted = append(c.acted, m.Repo+"@"+m.Commit[:8])
+		for _, moved := range wouldMove(m, c.entries, nil) {
+			for i := range c.entries {
+				if c.entries[i].Manifest.Module == moved.Manifest.Module {
+					c.entries[i].Source.Head = m.Commit
+					c.entries[i].Source.Seen = now()
+				}
+			}
+		}
+		return nil
+	}
+}
+
+func at(s string) time.Time {
+	t, err := time.Parse(time.RFC3339, s)
+	if err != nil {
+		panic(err)
+	}
+	return t
+}
+
+func announced(repo, commit, mergedAt, onTheBus string, paths ...string) link.AnnouncedMerge {
+	return link.AnnouncedMerge{
+		SourceMoved: link.SourceMoved{Owner: "novox", Repo: repo, Base: "main", Commit: commit,
+			MergedAt: mergedAt, Paths: paths,
+			CloneURL: "http://forge.internal:20000/novox/" + repo + ".git"},
+		At: at(onTheBus),
+	}
+}
+
+func built(module, repo, path, commit, seen string) inventory.Entry {
+	e := fromRepo(module, "http://forge.internal:20000/novox/"+repo+".git", path)
+	e.Source.BuiltFrom, e.Source.Head, e.Source.Seen = commit, commit, at(seen)
+	return e
+}
+
+// **novox/hq issue 266, as it happened.** The forge announced a merge of the tools repository on the
+// events stream; the bus never handed it to the controller, which acted on the merges around it and
+// not on this one, and said nothing. Read back from the stream, it is the one merge that would still
+// move something — so it is said and acted on, once, and only after the controller's own consumer
+// has had its time with it.
+func TestAMergeTheBusNeverHandedOverIsActedOnLate(t *testing.T) {
+	cat := &aCatalogue{entries: []inventory.Entry{
+		built("mesh-tools", "mesh-tools", "", "8b789578aaaaaaaa", "2026-10-04T15:24:32Z"),
+		built("node-tools", "mesh-tools", "node-tools", "8b789578aaaaaaaa", "2026-10-04T15:24:32Z"),
+		// Acted on when it was announced: looked at after it was merged.
+		built("gitea", "mesh-catalog", "modules/gitea", "5c2157b8bbbbbbbb", "2026-10-05T22:39:21Z"),
+	}}
+	stream := announcedList{
+		// Nothing the mesh holds is built from the records repository.
+		announced("hq", "88f7f79fcccccccc", "2026-10-05T22:43:00Z", "2026-10-05T22:43:04Z", "04-ISSUES/x.md"),
+		// Acted on: its module was looked at since.
+		announced("mesh-catalog", "78328d4adddddddd", "2026-10-05T22:39:00Z", "2026-10-05T22:39:21Z", "modules/gitea/x.ts"),
+		// Never handed over.
+		announced("mesh-tools", "9730bd89c3e48d0e", "2026-10-05T22:46:47Z", "2026-10-05T22:47:06Z",
+			"node-tools/internal/console/console.go"),
+	}
+	var said []string
+	say := func(format string, args ...any) { said = append(said, fmt.Sprintf(format, args...)) }
+	clock := at("2026-10-05T22:50:00Z")
+	now := func() time.Time { return clock }
+	pass := func() {
+		t.Helper()
+		if err := catchUpOnMerges(context.Background(), clock, stream, cat.read, cat.act(now), say); err != nil {
+			t.Fatal(err)
+		}
+	}
+
+	pass()
+	if len(cat.acted) != 0 {
+		t.Fatalf("a merge three minutes old was taken from the controller's own consumer: %v", cat.acted)
+	}
+
+	clock = at("2026-10-05T22:58:00Z")
+	pass()
+	if strings.Join(cat.acted, ",") != "mesh-tools@9730bd89" {
+		t.Fatalf("acted on %v, wanted the one merge never handed over", cat.acted)
+	}
+	if len(said) != 1 || !strings.Contains(said[0], "novox/mesh-tools merged into main (9730bd89)") ||
+		!strings.Contains(said[0], "mesh-tools and node-tools are behind it") {
+		t.Fatalf("the missed merge was not said as one: %q", said)
+	}
+
+	clock = at("2026-10-05T23:03:00Z")
+	pass()
+	if len(cat.acted) != 1 || len(said) != 1 {
+		t.Fatalf("a merge acted on was acted on again: %v %q", cat.acted, said)
+	}
+}
+
+// A merge that changed none of the held modules' files moves nothing, so it is never "missed"; one
+// that could not be acted on is said and tried again on the next pass.
+func TestAMissedMergeThatCouldNotBeActedOnIsTriedAgain(t *testing.T) {
+	cat := &aCatalogue{
+		entries: []inventory.Entry{built("gitea", "mesh-catalog", "modules/gitea", "5c2157b8bbbbbbbb", "2026-10-05T20:00:00Z")},
+		fail:    errors.New("the store is restarting"),
+	}
+	stream := announcedList{
+		announced("mesh-catalog", "aaaaaaaa11111111", "2026-10-05T21:00:00Z", "2026-10-05T21:00:10Z",
+			"modules/plex/module.json", "modules/plex/x.ts"),
+		announced("mesh-catalog", "bbbbbbbb22222222", "2026-10-05T21:10:00Z", "2026-10-05T21:10:10Z", "modules/gitea/x.ts"),
+	}
+	var said []string
+	say := func(format string, args ...any) { said = append(said, fmt.Sprintf(format, args...)) }
+	clock := at("2026-10-05T22:00:00Z")
+	now := func() time.Time { return clock }
+	if err := catchUpOnMerges(context.Background(), clock, stream, cat.read, cat.act(now), say); err != nil {
+		t.Fatal(err)
+	}
+	if len(said) != 2 || !strings.Contains(said[1], "could not act on it") {
+		t.Fatalf("a failed catch-up was not said: %q", said)
+	}
+	cat.fail = nil
+	clock = at("2026-10-05T22:05:00Z")
+	if err := catchUpOnMerges(context.Background(), clock, stream, cat.read, cat.act(now), say); err != nil {
+		t.Fatal(err)
+	}
+	if strings.Join(cat.acted, ",") != "mesh-catalog@bbbbbbbb" {
+		t.Fatalf("acted on %v, wanted only the merge that changed a held module", cat.acted)
+	}
+}
+
+// A merge older than the look-back is left to the operator: a controller that did not run this
+// missed it, and acting on it days later would be a surprise rebuild.
+func TestAMergeOlderThanTheLookBackIsLeftAlone(t *testing.T) {
+	cat := &aCatalogue{entries: []inventory.Entry{built("gitea", "mesh-catalog", "modules/gitea", "5c2157b8bbbbbbbb", "2026-10-01T00:00:00Z")}}
+	stream := announcedList{announced("mesh-catalog", "cccccccc33333333", "2026-10-03T00:00:00Z", "2026-10-03T00:00:05Z", "modules/gitea/x.ts")}
+	clock := at("2026-10-05T22:00:00Z")
+	if err := catchUpOnMerges(context.Background(), clock, stream, cat.read, cat.act(func() time.Time { return clock }),
+		func(string, ...any) {}); err != nil {
+		t.Fatal(err)
+	}
+	if len(cat.acted) != 0 {
+		t.Fatalf("a merge of three days ago was acted on: %v", cat.acted)
+	}
+}
diff --git a/cmd/mesh-controller/push.go b/cmd/mesh-controller/push.go
index b7fb7be..b7ef31f 100644
--- a/cmd/mesh-controller/push.go
+++ b/cmd/mesh-controller/push.go
@@ -127,6 +127,9 @@ func serve(ctx context.Context) error {
 	if err := server.Follows(following{open}); err != nil {
 		return err
 	}
+	// And the merges the bus announced and never handed over, read back on a timer and acted on late
+	// rather than never (novox/hq issue 266).
+	go catchingUpOnMerges(ctx, open, server)
 	// And a catalogue that has just started, asking for what it missed. The same type answers
 	// both: what a build meant and what the builds were are two questions about one record.
 	if err := server.Answers(following{open}); err != nil {
diff --git a/cmd/mesh-controller/upgrades.go b/cmd/mesh-controller/upgrades.go
index 3fa7aab..74e433a 100644
--- a/cmd/mesh-controller/upgrades.go
+++ b/cmd/mesh-controller/upgrades.go
@@ -8,6 +8,7 @@ import (
 	"path"
 	"regexp"
 	"strings"
+	"sync"
 	"time"
 
 	"github.com/novox/mesh-controller/internal/catalogue"
@@ -266,6 +267,11 @@ func notNow(err error) error {
 // (novox/hq 04-ISSUES/131). Nothing is pushed here: what a finished build does to the machines
 // running the module is the upgrade's decision, taken when the catalogue announces it.
 func (f following) SourceMoved(ctx context.Context, m link.SourceMoved) error {
+	// One merge acted on at a time, whoever hands it over: the bus, or the catch-up that reads back
+	// what the bus did not hand over (novox/hq issue 266). Each judges against what the other wrote.
+	actingOnMerges.Lock()
+	defer actingOnMerges.Unlock()
+
 	inv := f.open.inventory
 	entries, err := inv.Catalogued(ctx)
 	if err != nil {
@@ -276,34 +282,7 @@ func (f following) SourceMoved(ctx context.Context, m link.SourceMoved) error {
 		return notNow(err)
 	}
 
-	// Two kinds of module are affected by one merge, and they are affected differently.
-	//
-	// A module **built from** this repository and branch has moved: the mesh records the new commit
-	// as what its source now has, and only what the merge actually changed is rebuilt. A module that
-	// only **packages source from** it has not moved — its own source is somewhere else, at the
-	// commit it already records — so it is rebuilt and its record left alone. Writing this commit as
-	// its source would make it permanently behind a repository its manifest does not come from.
-	var from, packaging []inventory.Entry
-	already := 0
-	for _, e := range entries {
-		switch {
-		case sourceIs(e.Source, m):
-			if e.Source.BuiltFrom == m.Commit {
-				already++
-				continue
-			}
-			// **A merge older than the last look at the source is history, not a move.** The forge
-			// announces what it finds merged, and an old merge surfacing late would otherwise move
-			// the recorded head backwards and rebuild everything built from that repository, once
-			// per old merge (2026-09-28).
-			if isHistory(m.MergedAt, e.Source.Seen) {
-				continue
-			}
-			from = append(from, e)
-		case readsFrom(read[e.Manifest.Module], m):
-			packaging = append(packaging, e)
-		}
-	}
+	from, packaging, already := mergeCandidates(m, entries, read)
 	if len(from) == 0 && len(packaging) == 0 {
 		// "Already built from it" and "nothing reads it" are different facts, and reading the first
 		// as the second sends somebody looking for a broken trigger when the mesh is up to date.
@@ -438,6 +417,57 @@ func (f following) SourceMoved(ctx context.Context, m link.SourceMoved) error {
 	return nil
 }
 
+// actingOnMerges keeps one merge acted on at a time (novox/hq issue 266).
+var actingOnMerges sync.Mutex
+
+// mergeCandidates is what one merge could move, judged against what the catalogue holds.
+//
+// Two kinds of module are affected by one merge, and they are affected differently.
+//
+// A module **built from** this repository and branch has moved: the mesh records the new commit as
+// what its source now has, and only what the merge actually changed is rebuilt. A module that only
+// **packages source from** it has not moved — its own source is somewhere else, at the commit it
+// already records — so it is rebuilt and its record left alone. Writing this commit as its source
+// would make it permanently behind a repository its manifest does not come from. `already` counts
+// the modules built from this repository that are already built from this very commit.
+func mergeCandidates(m link.SourceMoved, entries []inventory.Entry,
+	read map[string][]inventory.ReadRepository) (from, packaging []inventory.Entry, already int) {
+	for _, e := range entries {
+		switch {
+		case sourceIs(e.Source, m):
+			if e.Source.BuiltFrom == m.Commit {
+				already++
+				continue
+			}
+			// **A merge older than the last look at the source is history, not a move.** The forge
+			// announces what it finds merged, and an old merge surfacing late would otherwise move
+			// the recorded head backwards and rebuild everything built from that repository, once
+			// per old merge (2026-09-28).
+			if isHistory(m.MergedAt, e.Source.Seen) {
+				continue
+			}
+			from = append(from, e)
+		case readsFrom(read[e.Manifest.Module], m):
+			packaging = append(packaging, e)
+		}
+	}
+	return from, packaging, already
+}
+
+// wouldMove is the modules built from the merged repository that acting on this merge would mark as
+// moved and rebuild — SourceMoved's judgement, made without acting (novox/hq issue 266). Empty for a
+// merge already acted on: acting marks each of them as looked at, so the merge then reads as history.
+//
+// **Only the modules built from it, never the ones that merely package source from it.** Acting
+// records nothing about those, so a merge acted on would go on reading as unacted for them, and be
+// acted on again on every look. A merge that moves both is caught by the first kind, and acting on it
+// rebuilds the second as well.
+func wouldMove(m link.SourceMoved, entries []inventory.Entry,
+	read map[string][]inventory.ReadRepository) []inventory.Entry {
+	from, _, _ := mergeCandidates(m, entries, read)
+	return whatTheMergeTouched(from, entries, m)
+}
+
 // sourceIs is whether a recorded source is the repository and branch a merge announced. A source on
 // the git seat is recorded as its path on the forge; one elsewhere as the URL it was cloned from.
 // An empty recorded ref is the repository's default branch, which is what a merge into the base
diff --git a/internal/link/merges.go b/internal/link/merges.go
new file mode 100644
index 0000000..e018d5e
--- /dev/null
+++ b/internal/link/merges.go
@@ -0,0 +1,79 @@
+package link
+
+import (
+	"context"
+	"encoding/json"
+	"errors"
+	"fmt"
+	"sort"
+	"time"
+
+	"github.com/nats-io/nats.go"
+
+	"github.com/novox/mesh-controller/internal/broker"
+)
+
+// AnnouncedMerge is one merge the forge announced, as the events stream holds it: what it said, and
+// when the bus took it.
+type AnnouncedMerge struct {
+	SourceMoved
+	// At is when the bus took the announcement — the stream's own time, not the forge's.
+	At time.Time
+	// Seq is its place in the events stream.
+	Seq uint64
+}
+
+// MergedSubject is where the forge's merges land: the controller's own follow of them.
+var MergedSubject = broker.ControllerFollows[3]
+
+// readQuiet is how long a read of the stream waits for one more message before it takes the stream
+// as read to its end. The stream answers at once when it holds something; this is only the wait at
+// the end.
+const readQuiet = 2 * time.Second
+
+// AnnouncedMerges is every merge the forge announced since a moment, oldest first, read back from
+// the events stream (novox/hq issue 266).
+//
+// **Read on a consumer of its own, filtered on the one subject.** The controller's durable consumer
+// carries several filters, and the bus server the mesh ran when this was written (2.10) skips a
+// message now and then on a consumer with more than one filter: it moves its delivered pointer past
+// the message without ever handing it over, so the controller never hears of it and nothing says so.
+// A consumer filtered on a single subject reads the stream another way and was not seen to skip. This
+// one is ordered, ephemeral and acknowledges nothing, so reading it changes nothing on the bus.
+func (s *Server) AnnouncedMerges(ctx context.Context, since time.Time) ([]AnnouncedMerge, error) {
+	if s.js == nil {
+		return nil, errors.New("this control plane is not on the bus, so it cannot read what the forge announced")
+	}
+	sub, err := s.js.Context().SubscribeSync(MergedSubject, nats.OrderedConsumer(), nats.StartTime(since))
+	if err != nil {
+		return nil, fmt.Errorf("reading the forge's merges from the events stream: %w", err)
+	}
+	defer func() { _ = sub.Unsubscribe() }()
+
+	var out []AnnouncedMerge
+	for {
+		wait, cancel := context.WithTimeout(ctx, readQuiet)
+		msg, err := sub.NextMsgWithContext(wait)
+		cancel()
+		if err != nil {
+			if ctx.Err() != nil {
+				return nil, ctx.Err()
+			}
+			// Nothing more within the quiet wait: the stream has been read to its end.
+			break
+		}
+		meta, err := msg.Metadata()
+		if err != nil {
+			continue
+		}
+		var moved SourceMoved
+		if json.Unmarshal(msg.Data, &moved) == nil && moved.Commit != "" && moved.Repo != "" {
+			out = append(out, AnnouncedMerge{SourceMoved: moved, At: meta.Timestamp, Seq: meta.Sequence.Stream})
+		}
+		if meta.NumPending == 0 {
+			break
+		}
+	}
+	sort.Slice(out, func(i, j int) bool { return out[i].Seq < out[j].Seq })
+	return out, nil
+}