AppSwarm Inc (SWRM)

[SD1527]

Understanding the Forward Split

I suggest that everyone speaks with their broker today. I'm calling mine back in 10 mins and I'd love to hear any explanations your's have for this situation.

It appears that a communication mix-up may have triggered some investors to sell today, in belief that their holding yesterday would be "locked in " and awarded 5 new shares for every old share of common stock. Unfortunately, the way that it has been explained to me is that all bets are off for shares sold between the record date (10/26) and (11/2), regardless of how many were owned on 10/26.

After speaking with a few fellow investors, it appears that many of us did not realize that those wanting to participate in the fwd split must not only be on the record as shareholders on 10/26, but also remain so until the effective date of the split (11/2).

The bottom line is that those that have sold today won't benefit from the upcoming 5 for 1 forward stock split. AGAIN[B], i strongly suggest calling your broker. However, the way that I understand it, those that get back on the record this afternoon will still be able to benefit from the fwd split and will also have the chance to pick up some cheap shares on the dip.

Anybody have any comments to share on the recent announcements and trading activity?