Update ENS is back trading at a Discount to the NAV.
My metric for predicting a Raise target price currently has a $1.18 spread between the what I believe the premium of the Market price of the Common and Pref shares needs to be. That is a large and healthy spread.
The Prefs continue to be over priced imo. The Prefs remain very illiquid and subject to manipulation. This morning for example, the price of the Prefs dropped $0.09 on just 1,100 shares. When Middlefield does its next Raise, I expect it will be on the backs of the Prefs instead of the Common shares, but have no fear, Middlefield will still punish the Common holders