AP Oil

[BlueKelah]

Clean looking balance sheet, book value (substantially backed by 30 mio odd cash) approx 45 mio after dividend payout, book value growing stably annually approx 4-5 mio / year, an argument can quite reasonably be made that it should be valued much higher than its 33 mio market cap. Like a few others in this forum, I am willing to take a bet despite management doing its seeming best to "suppress" its share price with its low dividend payout and hoarding of excess cash. The downside for me is limited, while I sit and wait for market or management to wake up.

You should consider management could very quickly "invest" the cash away and then let the price drop , then come back and delist below your purchase price.