Hidden Gems

[rrufff]

Hi Dubi,

CNVT .24 - may fall into your hidden gems category. They are a holding company, which was delisted from AMEX because their corporate structure did not show sufficient size, given that investment assets are listed on their balance sheet at cost.

According to the company, it's underlying net investments are worth several times the current share price, perhaps somewhere between .75-1.00 a share.

One of their companies trades in Canada on an exchange and some of us have been trying to get the company to get it listed on AMEX. A spin off of shares or other methods to increase value of CNVT could be in the cards as management has expressed the desire to improve value, at least compared to the underlying net assets.

The stock spurted up the other day with a PR that one of the companies that had been dragging was sold largely for cash. The stock has moved back down and may repsent an opportunity.

Here is the IHub board and a few of my posts are listed there.

#board-4843