Splits are generally treated like dividends, only with additional shares rather than cash. If a split is declared, there will be a date after which new owners will not get the split shares - similar to an 'of record' date for dividends.
Thanks for the info. It was helpful. No, I'm not under the impression that you double your money after a stock split. But the fact that after an announcement the stock tends to go up is worth considering. And obviously from my question, I don't know a whole lot, but it would seem to me that after a split it would allow more investors the opportunity to buy and therefore increase the price of the stock. But with all that being said I don't thing a split is forthcoming. I've noticed quite a few people on the Board that prefer the stock to rise to the 200 or 300s instead of a split. And that's great but 2000 shares instead of 1000 shares just makes me feel a little more excited about my investment.
Most of the share gain from a stock split occurs within the first 5 minutes after its announced so if you're not already holding the shares then forget about it. There is no intrinsic value to a split and any gain is usually temporary.