Elbit Vision Systems Ltd. (fka EVSNF)

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Elbit Vision Systems Ltd Bullish Signal SMD Advanced Technologies Ltd increased Stake
01/21/2016 BY OCTASTAFF IN SEC 13G & 13D FILINGS
S.M.D. Advanced Technologies Ltd increased Position in Elbit Vision Systems Ltd

S.M.D. Advanced Technologies Ltd has filled a SC 13G/A form regarding Elbit Vision Systems Ltd . Filing Link: 000117891316004016. Per S.M.D. Advanced Technologies Ltd’s filing, the filler reported increased stake in the company by 37.50 % to 6,000,000 shares. S.M.D. Advanced Technologies Ltd now owns 6.43% of the company. This form was required due to trading activity on January 21, 2016.

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.

Read more: http://www.octafinance.com/elbit-vision-systems-ltd-bullish-signal-smd-advanced-technologies-ltd-increased-stake/340588/#ixzz3xwiuSCfp