Here are same hints which making live easier with developing stuff for and at the simpad.
I didn't get it worked this way the bootldr supports initrd
now you can upload your kernel via ymodem protocol
upload your initrd to the simpad at other adress
initrd_size depends on your initrd-file you must provide the size in hex
do ls -la initrd take the bytesize and convert it to hex
this command should do: echo 'obase=16; ibase=10; '$(ls -la initrd | awk '{ print $5 }')' '| bc
rdinit defines which program of the initrd should be executed default is /init
bootldr now boots the kernel from and the kernel executes the initramfs