The situation reminds me what happened to TAG on 11/25. It went from 0.37 to 0.64 on major institutional buys (post tax buying back?) on NO NEWS. Next day was even better with a spike @0.73. Most people believed in a reversal. But then insiders stopped to buy and TAG promptly retraced back to 0.4x
Conclusion. Keep CNVX in the radar but don't average down now since, it seems there will be no significant news before 2006 IMHO.