Turbulence at Fitbug (LON:FITB) continued on Wednesday after the wearable fitness device group said it was parting company with its finance boss.
Fitbug, whose shares have see-sawed on positive and negative news in the last few months, said finance director Andrew Brummer was leaving the company to take another job elsewhere.
The company's shares soared to about 20p late last year after it announced deals with partners such as Samsung, Target, J Sainsbury (LON:SBRY), Argos, Jawbone and Bestbuy.com.
But they dropped back down to about 5p on news last month of wider annual losses following hefty legal fees and investment in the group's online coaching app, Kiqplan.
Fees from the trademark and patent cases with US rival Fitbit cost the company £742,000 last year.
Fitbug said Brummer would step down from the board immediately, but would remain as company secretary and will stay in the business whilst the company finalises its succession planning.
"A further announcement will be made once these arrangements are in place," Fitbug said. "The board wishes to thank Andrew for his commitment and significant contribution over the last six years and wishes him every success."
Shares in Fitbug were flat at 5.25p in early trading in London.