diff --git a/cli/VERSION b/cli/VERSION
index fd2726c9..87a1cf59 100644
--- a/cli/VERSION
+++ b/cli/VERSION
@@ -1 +1 @@
-v0.11.0
+v0.12.0
diff --git a/cli/cmd_memory.go b/cli/cmd_memory.go
index 7ae11ea0..129d07b2 100644
--- a/cli/cmd_memory.go
+++ b/cli/cmd_memory.go
@@ -30,11 +30,21 @@ func memoryCommands() []Command {
 	}
 }
 
-// printMemories renders a {memories:[…]} response as compact lines, or raw JSON.
+// printMemories renders a {memories:[…]} response as one line per memory, or raw JSON.
 func printMemories(raw []byte, jsonOut bool) error {
+	fmt.Print(renderMemories(raw, jsonOut))
+	return nil
+}
+
+// renderMemories formats each memory as a single line with its FULL content
+// (newlines flattened to spaces). Content is deliberately never truncated: the
+// old 240-rune preview cut memories mid-sentence, misled agents into believing
+// no full-content read-back existed, and made blind `update --content` from
+// the preview silently destroy the stored tail. Full passthrough also can't
+// produce invalid UTF-8 (the old mid-rune cut crashed the recall hook).
+func renderMemories(raw []byte, jsonOut bool) string {
 	if jsonOut {
-		fmt.Println(string(raw))
-		return nil
+		return string(raw) + "\n"
 	}
 	var r struct {
 		Memories []struct {
@@ -46,36 +56,20 @@ func printMemories(raw []byte, jsonOut bool) error {
 		} `json:"memories"`
 	}
 	if err := json.Unmarshal(raw, &r); err != nil {
-		fmt.Println(string(raw))
-		return nil
+		return string(raw) + "\n"
 	}
 	if len(r.Memories) == 0 {
-		fmt.Println("(no memories)")
-		return nil
+		return "(no memories)\n"
 	}
+	var b strings.Builder
 	for _, m := range r.Memories {
-		c := truncatePreview(strings.ReplaceAll(m.Content, "\n", " "), 240)
-		fmt.Printf("#%d [%s] (%.2f) %s\n", m.ID, m.Category, m.Importance, c)
+		c := strings.ReplaceAll(m.Content, "\n", " ")
+		fmt.Fprintf(&b, "#%d [%s] (%.2f) %s\n", m.ID, m.Category, m.Importance, c)
 		if m.Tags != "" {
-			fmt.Printf("       tags: %s\n", m.Tags)
+			fmt.Fprintf(&b, "       tags: %s\n", m.Tags)
 		}
 	}
-	return nil
-}
-
-// truncatePreview shortens s to at most maxRunes RUNES, appending "…" when it
-// trims. Counting runes (not bytes) is load-bearing: a byte slice like s[:240]
-// can cut through the middle of a multibyte UTF-8 character (e.g. 2-byte
-// Cyrillic), leaving a dangling lead byte = invalid UTF-8. That crashed strict
-// decoders downstream — notably the homelab-memory-recall.py UserPromptSubmit
-// hook (subprocess text=True), which surfaced as a recurring "UserPromptSubmit
-// hook error" for Cyrillic-language users.
-func truncatePreview(s string, maxRunes int) string {
-	r := []rune(s)
-	if len(r) <= maxRunes {
-		return s
-	}
-	return string(r[:maxRunes]) + "…"
+	return b.String()
 }
 
 func memoryRecall(args []string) error {
diff --git a/cli/memory_test.go b/cli/memory_test.go
index 1c673c7b..ee21ad12 100644
--- a/cli/memory_test.go
+++ b/cli/memory_test.go
@@ -8,25 +8,53 @@ import (
 	"unicode/utf8"
 )
 
-func TestTruncatePreviewKeepsValidUTF8(t *testing.T) {
-	// Byte-slicing a long Cyrillic string at 240 splits a 2-byte rune and emits
-	// invalid UTF-8 — the bug that crashed the recall hook. truncatePreview must
-	// cut on a rune boundary and always stay valid UTF-8.
-	long := strings.Repeat("я", 300) // 300 runes / 600 bytes
-	got := truncatePreview(long, 240)
+func TestRenderMemoriesFullContent(t *testing.T) {
+	// The pretty view must NOT truncate content: the old 240-rune preview cut
+	// memories mid-sentence, misled agents into thinking no full-content
+	// read-back existed, and made blind `update --content` from the preview
+	// destroy the stored tail. Full passthrough also removes the mid-rune-cut
+	// invalid-UTF-8 class by construction — nothing is ever sliced.
+	long := strings.Repeat("я", 300) + strings.Repeat("a", 300)
+	raw, _ := json.Marshal(map[string]interface{}{"memories": []map[string]interface{}{
+		{"id": 7, "content": long, "category": "facts", "tags": "t1,t2", "importance": 0.7},
+	}})
+	got := renderMemories(raw, false)
+	if !strings.Contains(got, long) {
+		t.Fatalf("content was truncated: %q", got)
+	}
+	if strings.Contains(got, "…") {
+		t.Fatalf("ellipsis in output — truncation still active: %q", got)
+	}
 	if !utf8.ValidString(got) {
-		t.Fatalf("truncatePreview produced invalid UTF-8: %q", got)
+		t.Fatalf("invalid UTF-8 in output: %q", got)
 	}
-	if r := []rune(got); len(r) != 241 || string(r[:240]) != strings.Repeat("я", 240) || r[240] != '…' {
-		t.Fatalf("truncatePreview = %d runes, want 240 Cyrillic + ellipsis", len(r))
+	if !strings.Contains(got, "#7 [facts] (0.70) ") || !strings.Contains(got, "tags: t1,t2") {
+		t.Fatalf("line format broken: %q", got)
 	}
-	// Short multibyte strings pass through untouched (no ellipsis).
-	if got := truncatePreview("кратко", 240); got != "кратко" {
-		t.Fatalf("short string altered: %q", got)
+}
+
+func TestRenderMemoriesFlattensNewlinesToOneLine(t *testing.T) {
+	// Consumers (the recall hook, terminal skims) rely on one memory per line;
+	// multi-line content is flattened, never split across lines.
+	raw, _ := json.Marshal(map[string]interface{}{"memories": []map[string]interface{}{
+		{"id": 1, "content": "line one\nline two\nline three", "category": "facts", "importance": 0.5},
+	}})
+	got := renderMemories(raw, false)
+	if !strings.Contains(got, "line one line two line three") {
+		t.Fatalf("newlines not flattened: %q", got)
 	}
-	// ASCII boundary still works.
-	if got := truncatePreview(strings.Repeat("a", 500), 240); got != strings.Repeat("a", 240)+"…" {
-		t.Fatalf("ascii truncation wrong: %q", got)
+}
+
+func TestRenderMemoriesEdgeCases(t *testing.T) {
+	if got := renderMemories([]byte(`{"memories":[]}`), false); got != "(no memories)\n" {
+		t.Fatalf("empty list: %q", got)
+	}
+	// --json and unparseable responses pass through raw.
+	if got := renderMemories([]byte(`{"x":1}`), true); got != "{\"x\":1}\n" {
+		t.Fatalf("json passthrough: %q", got)
+	}
+	if got := renderMemories([]byte(`not json`), false); got != "not json\n" {
+		t.Fatalf("unparseable passthrough: %q", got)
 	}
 }