E Split Corp ENSPF

Update

[Obscure1]

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

[Experienced]

Obscure...Yep and there seems to be a sea change WRT to many split share commons As I mentioned in an earlier post, I own some other split share commons.  In the last few days I added a bit to one of these positions as the commons were trading at 5.5% discount to NAV.  This is in sharp contrast to most split share commons trading at a significant premium to NAV not that long ago. To me