Even in a time of surround and 3D sound, many tracks and recordings are still only available in mono or it is not feasible to record a source with multiple microphones for several reasons. In these cases, a pseudo stereo conversion of mono signals can be a useful preprocessing step and/or an enhancing audio effect. The conversion proposed in this paper is designed to deliver a neutral sounding stereo image by avoiding timbral coloration or reverberation. Additionally, the resulting stereo signal is downmix-compatible and allows to revert to the original mono signal by a simple summation of the left and right channels. Several configuration parameters are shown to control the stereo panorama. The algorithm can be implemented in time-domain or also in the frequency-domain with additional features, like center focusing.