Incorrect Dates / Time (1969 Year?)

I'm not sure what change I need to make where but here's my problem:

I have a content type that has nodes which use CCK to output a version update value (the content type deals with updating software to keep tabs on when a given app is updated last, etc. Simply put, it's a page / node that helps our software guys keep track of when a given app is updated. Period.)

One of the pages we created with this content type had an original date / time value of the following:
Tuesday, July 10, 2012 - 9:00am

After going into the fullcalendar day view to drag this time entry an hour into the future, I then had the following value on the page:
Wednesday, December 31, 1969 - 7:32pm

!?

Obviously, something is wrong here.

What do I need to do to fix this? I really want to use this AWESOME module but this date / time problem is giving me a headache. I would be more than willing to add whatever code I need to in order to fix this, but I'm just not sure where to start or how to var_dump() anything from the module code in order to see where the value comes in and where it goes out...

PLEASE ADVISE. I went to the IIRC channel but that was a dead-end because nobody responded at all.