AppSwarm Inc (SWRM)

[was builder]

That is true 110%. Same thing happened with AMNE a few months back and all sorts of people were confused including the company. THis is going to get real good!!!

Long story short you can purchase shares all the way up until the close of the day before the split actually takes place.

STOCK ExDATE From Nasdaq.
http://www.nasdaq.com/reference/upcoming_splits.stm
THIS IS NOT A CASH DIVIDEND!!!

http://www.fool.com/foolfaq/foolfaq0035.htm
"What happens if you buy a stock after the "record date" for the split but before the listing change?
The "record date" means virtually nothing to the stockholder. If you bought the stock before the split, your shares will split the same day everyone else's do, regardless of the record date. You won't lose on the split."

Any doubts check this out

http://www.rightline.net/home/stocksplits.html

"Split Record Date - This is probably the most confusing term within a split announcement. The reason for this is that many investors are used to associating this date with a "cash" dividend. To receive a "cash" dividend you must own the stock on the record date. In the case of a stock split, the record date is meaningless. This in itself can make the record date key since those that don't understand this may be scrambling to go out purchase the stock in hopes of taking part in the split."

http://www.investmenthouse.com/stocksplitrecorddate.htm
Why does your stock split calendar not list the record date? (August 17, 2007)

You will not find a record date on our stock split calendar because the record date is meaningless. Here's a definition of "record date": The record date is a date, set by the issuing company, on which an individual must own shares to be eligible to receive a declared dividend or capital gains distribution. With regard to stock splits, the record date is used for accounting purposes only and has no significance to individual investors. Your shares will split as long as you bought them before the ex-date (also known as ex-dividend date).

Again, the record date is meaningless. Don't concern yourself with the terminology. It's simply an "accounting thing" with the company. The split will take care of itself. There is nothing to ever worry about. In its very simplest form, assume a stock is trading around $100 and is to split 2-1. If you pay $100 for the stock AND you still hold it when it actually splits, (ie, when it starts trading at about $50 --assuming it hasn't fallen in price dramatically), then you can be assured that you will receive the "extra" shares. However, if you pay $50 for the stock, then you know that the shares have already split.