AppSwarm Inc (SWRM)

[gr8lake]

Price will not drop to 1/5TH until the Ex Split Date. That should be 11/2/09. You get the shares, and the price drop on the same day. In forward splits in which I have participated in the past, shares don't just show up in everyone's accounts all at once either. Depending on your broker, you may have shares anywhere from first thing Monday morning, through sometime over the next couple of days.
We will probably see allot of posts saying "I got my shares today", or "I haven't got mine yet". There will be some who think they can sell tomorrow, and still get their shares, because of the Record Date confusion associated with getting dividends.
Forward splits are not like dividends. They follow a different set of rules.
Ask your broker, but from my experience, you can still buy all the way through 10/30/09, and still get the split shares. The rules were designed to prevent investors from getting screwed, or being able to take advantage. As long as you pay full pre split price, you will get your split shares. If the price drops to 1/5TH, you missed the split.
Simple actually,
GLTA,
SpongeBath