Struggling to work this one out. If NF truly believes in the value of AVZ, which I think he does - why offer a discount to get this institutional investor on board now? When ML is granted, they'll all be clamboring to get on board anyway, no discount required.
So there must be a short-term need for either the cash, the specific investor, or both. Either that or we're just getting royally shafted (again).
Should make for interesting discussion at the January investor meetings.
AVZ Price at posting:
64.5¢ Sentiment: Buy Disclosure: Held