Arcadia Biosciences Inc (RKDA)

[MaineMan5]

RKDA basically selling for cash on balance sheet - you get the rest of the company with strong prospects in the next few quarters for free. Super low float as only about 10% of their shares (less than 500k) are tradable as the rest are owned by management and institutions. Several catalysts on the horizon including SONOVA for cat food, GoodWheat (higher fiber and reduced gluten) commercialization, and HB4 improved soybean yields. Sufficient cash into 2020 may be enough to become CF positive. Recently brought on key new member of Board (Albert Bolles) who has significant industry experience and contacts. Any good news could really make this pop. This is a speculate stock however. The SA article below has lots of additional information and comments (on both sides) on the company. GL

https://seekingalpha.com/article/4187488-arcadia-biosciences-speculative-pure-play-genome-editing-agricultural-space