What are the risks of the Weil convertible bond?

2026-04-08 03:25:22

Low EQ: Veer Convertible Bond handed out money, and then, right after that, put the money back in.
On the last trading day, the current premium rate is 2%, and the convertible bond is trading more than a dime below its face value. The underlying stock had a 5% abnormal move, and on top of that, the company is clearly a cash-strapped one—yet the convertible bond didn’t make the slightest bit of noise? Is there concern about payout/settlement risk?

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