is this the same company?
Arness William Ross Cordick New Position in Oculus Visiontech Inc
Arness William Ross Cordick has filled a SC 13G form regarding Oculus Visiontech Inc . Filing Link: 000106299315005605. Per Arness William Ross Cordick’s filing, the filler now owns 6.6% of the company, holding 3,000,000 shares.
Oculus Visiontech Inc is a newly disclosed equity position and the filing was required due to activity on October 15, 2015. This most probably shows Arness William Ross Cordick’s confidence and optimism in the future of the company.
Form 13G is used when the filer owns between 5% and 20% of the company and plans to hold it only as a passive investor. If the filler intend to exert control and if the stake’s size exceeds 20%, then a 13D must be filed. Therefore, activist investors and practices such as: hostile takeovers, company breakups, and other “change of control” events, are not permitted by 13G filers.