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Monday, August 02, 2010 7:37:42 PM
It would be interesting to see what he has to say, but I would caution against placing too much validation on that conversation as he certainly would not be up on the minute to minute developments.
That observation is based on former chairman's I know & their role in current operations at a company they formerly were in control of, and some of them are substantial stock holders in those former companies. Some still sit on the boards of other major corporations and still have no idea of what is happening on a day-to-day basis.
The fact you were re-directed to a former "anyone" concerns me more than anything. Why would any company do that? It just does not make sense unless he was retained as a information officer or equivalent liaison to the general public.
Would your past employer or company have people calling for current information contact you for information on their company? I highly doubt it.
Digging around on the web & this board lead me to surmise the former management's departure from Regentech was less than a happy or agreeable parting.
My advice would be to take whatever you gather from him with a grain of salt and follow up his conversation with someone currently in charge at Regenetech and put forth whatever he said to verify it with current management.
That would be a prudent DD strategy at the very least in this case!
Maybe you could try asking him for Henry Jan's number so you could verify what he tells you with someone who actually is still sitting on the board of the company!
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