Who do you think needs to approve the RS that they filed? SEC? LMAO I am done with this. Let me know when the snit hits the fan along with your "investment" in this POS.
Based on the company's already spotty history, at best, do you actually think another massive reverse split won't come to fruition???? Come on. No one needs to read any filings on SIML to figure this out. Just do a bit of due diligence on this company's pathetic history. Give me a break. Nearly everyone sees the truth here.
On October 31, 2017, the Company approved the authorization of a 1 for 1,500 reverse stock split of the Company's outstanding shares of common stock. The Company's financial statements have been retroactively adjusted for this stock split for all periods presented.
if they do not go through with the reverse split, their per share financial results will be OVERSTATED by 1500 times and will need to be ammended as they will be invalid
I think you are the one that should learn to read securities law bud
Sorry but you are wrong..a state SOS has legal jurisdiction over all 'corporate actions'. The SEC and FINRA can refuse to process a corporate action if there is some indication of fraud or other securities violation, but a Nevada company does not have to file with the SEC or get 'approval' to do a R/S.
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