Why did Simtex fold anyway ? They only had a few titles but those titles (MOO , MOM) were very popular and i'm sure sold a lot to have make a tidy profit for the small company.
Their 2 impending titles were highly anticipated before they folded , Mech Lords & Guardian : heroes of justice sounded fantastic and would no doubt proven to be a success. It's such a shame that both projects will never see the light of day.
Mech Lords
http://www.youtube.com/watch?v=ns0hjjdCH5E