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Re: Civicbird post# 60392

Thursday, 01/02/2020 1:45:23 PM

Thursday, January 02, 2020 1:45:23 PM

Post# of 70787
Civicbird, respectfully, here's the difference...

Respectfully, "believing" and "hoping" in something are two different things. At this point, here with SIML, it is me "hoping" that something positive will work out for shareholders.

Actually, I had it wrong about this being the third reverse split. This would be the 4th reverse split in an over roughly 4 year time frame.

I was very surprised that the SEC/FINRA would allow for SIML to do a fourth reverse split in such a short time to wipe out shareholders. I do believe that the SEC and FINRA are in place to protect the shareholders. I have to truly say though that when it comes to allowing/approving companies like SIML to do a fourth reverse split in such a short time, I think the SEC and FINRA have good intentions, but I think it's something that they are logically not understanding. These multiple reverse splits are the worst ways for how shareholders are not protected and lose lots of money. This has been the case for many years as far as I can remember within the market.

Maybe they should create a rule to where a company can only do one reverse split every 5 or 10 years or something. I don't know, but I do know that it shouldn't be 4 in such the time frame as it is here of a roughly rate of one per year.

I have to admit that SIML has truly humbled me. You lose some, you win some. Right now, I am getting my butt handed to me. I'm down big here. Again, right now, for now, all I have is "hope" here with SIML.

v/r
Sterling

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