From the help file:
"A Squad Message of the Day (MOTD) can be uploaded by the squad CO or any member with Invite and Eject permissions. The message can be either a short message (up to 128 characters) typed in and uploaded, or a longer message that is composed in a SquadID.txt file and then uploaded, with the SquadID being the game id of the squad CO."
When I upload a motd as the squad CO I use 'fuzeman.txt' as the upload file.
I believe you should use 'Reynolds.txt' as the file to upload if you are the CO. If not use '[your squad's CO gameID].txt' as the upload file if youir not the CO but have both invite and eject privledges.
I just tried it and that works for me.
Edit- Also , if you have one already loaded, definately remove that one and start fresh with no motd.