SIML is run by a criminal CEO. People never learned their lesson that this company is a total fraud. The reversed split is just another way to start fresh in order dilute once again. The CEO here belongs to prison so that his criminal activity would come into halt.
"Soon both will be in trips and eventually no bid."
Same old pattern... wipe old shareholders off the books with a R/S hoping most will double down trying to win their money back before the wife and kids find out they've been bamboozled LOL.