FourWorld Capital’s John Addis thinks he has found a beat-up old pick-up truck masquerading as a Rolls Royce in Flotek Industries. Wednesday morning just before the open of trading in New York, Addis announced a short into Flotek, a Houston-based global supplier of drilling supplies. Flotek is a primary marketer of a fracking additive Complex nano-Fluid, known as CnF, a high potency fracking additive that Addis says is being misrepresented. Addis: Flotek research based in incomplete data Addis thinks Flotek’s primary revenue driver, CnF, a product that doesn’t work as promised and claims that company studies draw false conclusions due to…
FourWorld Capital’s Addis Says Flotek Research Is Incomplete
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.