Yes a rather unfortunate company name - I wonder if was bought as a shelf company ? off the bottom shelf perhaps
this scenario sounds remarkably similar to the CDU saga .
extract from the posted link.
" Facts
The story begins with some foreign investors taking a significant interest in QMC, securing board representation and then agitating for the removal of Mr Renshaw as QMC managing director.
Back in November 2011, Mr Renshaw and Butmall had entered into a service agreement (Service Agreement) with QMC under which Mr Renshaw was engaged as managing director of QMC and Butmall agreed to provide certain services to QMC. The Service Agreement was for a term of 3 years ending on 30 November 2014 and did not contain provisions for its early termination on the giving of notice or otherwise.
At a QMC board meeting on 16 October 2012, there was an attempt to get Mr Renshaw to tender his resignation as managing director. '
CDU Price at posting:
43.0¢ Sentiment: None Disclosure: Held