$RKDA crashed 13% after Roosevelt Resources walked away from their securities exchange agreement, effectively killing the merger that many investors were betting on. That was the main catalyst, and without it, the story gets shaky fast.

Management is talking about strategic reviews, cost cuts, and asset value like Zola coconut water and equity stakes, but none of that replaces a real, near-term growth driver. Until there’s clarity on a new deal or monetization plan, this looks like dead money at best and further downside at worst. High risk, low visibility not something I’d want to average down on right now.