Nexien BioPharma Inc (NXEN)

[srm4u]

http://206.190.45.150/search/srpcache?p=Ivo+Heiden+owner+of+shell+company+gantos+inc&ei=UTF-8&hspart=mozilla&hsimp=yhs-002&fr=yhs-mozilla-002&u=http://webcache.googleusercontent.com/search?q=cache:jfiR6cz4W04J:http://www.otcmarkets.com/stock/KDRH/profile%20Ivo%20Heiden%20owner%20of%20shell%20company%20gantos%20inc&icp=1&.intl=us&sig=8ArOWaHK5c0VwzQ5Xo0mtQ--

http://chapter11cases.com/2012/07/01/in-re-gantos-inc-176-br-793-bankr-court-wd-michigan-1995/
https://en.wikipedia.org/wiki/Gantos
http://www.fundinguniverse.com/company-histories/gantos-inc-history/
https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001262170&action=getcompany
https://www.sec.gov/cgi-bin/browse-edgar?CIK=+%090001625288&owner=exclude&action=getcompany&Find=Search

The Company was incorporated on November 10, 1952 in Michigan as Gantos, Inc. On July 21, 2008, the Company completed its change in domicile to Delaware and subsequently changed its name to Kinder Holding Corp.

The Company was a specialty retailer of a full range of quality, fashionable women's apparel and accessories at moderate to higher prices. The Company operated up to 113 stores, averaging 8,000 square feet, in 23 states, located primarily in suburban malls in the West, Midwest and Northeast of the United States. The Company offered a selection of primarily name brand sportswear, career dresses and suits, social occasion dresses, accessories, outerwear, swimwear, and in selected stores, shoes. On December 28, 1999, the Company filed a Voluntary Petition under Chapter 11 of the Bankruptcy Code with the United States Bankruptcy Court (the "Chapter 11 Bankruptcy Petition").

On June 20, 2000, the Chapter 11 Bankruptcy Petition was converted into a Chapter 7 petition. As a result of the conversion to Chapter 7, the Registrant's assets were transferred to a United States Trustee and the Registrant terminated its former business operations. During 2006, the Bankruptcy Trustee had disposed of substantially all of the assets of the Registrant and its subsidiaries. In February 2007, the Trustee for the Company and Park Avenue Group, Inc. entered into a contract that was subject to Bankruptcy Court approval for the sale of certain asset free and clear of all liens, claims and encumbrances, the asset being comprised of the corporate shell of the debtor, Gantos, Inc. (the "Asset"). On February 27, 2007, the Bankruptcy Court granted an order approving the contract and finding that Park Avenue Group is a good faith purchaser within the meaning of 11 USC Section 363(m) of the Bankruptcy Code.

In connection with the order of the U.S. Bankruptcy Court dated February 26, 2007, the Court order authorized (i) that the existing officers and directors were deemed removed from office; (ii) the appointment of new members to the Registrant's board of directors; and (iii) the amendment of Registrant's Article of Incorporation.

On February 28, 2007 and as a result of the Bankruptcy Court order, Park Avenue Group appointed Ivo Heiden to the board of directors of the Registrant and to serve as its sole executive officer (the "Management").

Business Objectives of the Company

As a result of the Chapter 7 proceeding, the Registrant has no present operations. Management determined to direct its efforts and limited resources to pursue potential new business opportunities. The Registrant does not intend to limit itself to a particular industry and has not established any particular criteria upon which it shall consider and proceed with a business opportunity.

The Registrant's common stock has been subject to quotation on the pink sheets under the symbol KDRH. There is currently no active trading market in the Registrant's shares nor do we believe that any active trading market has existed for the last 3 years. There can be no assurance that there will be an active trading market for our securities following the effective date of this registration statement. In the event that an active trading market commences, there can be no assurance as to the market price of our shares of common stock, whether any trading market will provide liquidity to investors, or whether any trading market will be sustained.

Management would have substantial flexibility in identifying and selecting a prospective new business opportunity.

The Registrant is dependent on the judgment of its management in connection with this process. In evaluating a prospective business opportunity, we would consider, among other factors, the following:

(i) costs associated with pursuing a new business opportunity;
(ii) growth potential of the new business opportunity;
(iii) experiences, skills and availability of additional personnel necessary to pursue a potential new business opportunity;
(iv) necessary capital requirements;
(v) the competitive position of the new business opportunity;
(vi) stage of business development;
(vii) the market acceptance of the potential products and services;
(viii) proprietary features and degree of intellectual property; and
(ix) the regulatory environment that may be applicable to any prospective business opportunity.
https://www.sec.gov/Archives/edgar/data/1625288/000085698414000011/form10.htm