OVTZ Oculus Visiontech Inc (QB)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. ____ )*

Mr. Anton J. Drescher
c/o Suite 507 – 837 West Hastings Street

Vancouver, British Columbia, Canada, V6C 3N6

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box.     ☐

NOTE: Schedules filed in paper format shall include a signed original and five copies of the Schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

————————————————

^* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

This statement on Schedule 13D relates to the beneficial ownership of common stock (“Common Stock”) of Oculus VisionTech Inc., a Wyoming corporation (formerly, USA Video Interactive Corp., the “Issuer”) beneficially owned by Anton J. Drescher (the “Reporting Person”). Previously, the Reporting Person reported his beneficial ownership of the Common Stock on statements on Schedule 13G filed on March 19, 2001, March 28, 2002, March 19, 2003, February 11, 2004, February 10, 2006, February 14, 2007, February 7, 2008, February 17, 2009, February 2, 2010, February 18, 2011, February 6, 2012 and October 15, 2015. The Reporting Person is filing this statement to report an increase in the number of shares of such Common Stock that he may be deemed to beneficially own.

On June 19, 2019, Mr. Drescher purchased an aggregate of 4,000,000 shares of Common Stock at a price of Cdn$0.075 per share for a net investment cost of US$224,850.00 (based on the Bank of Canada noon rate of exchange reported on June 19, 2019, which was Cdn$1.3343 = US$1.00). The securities were purchased by Mr. Drescher in connection with a non-brokered private placement (the “Private Placement”) by the Issuer of in aggregate 21,450,000 shares of Common Stock. The acquisition of the shares was effected pursuant to a subscription agreement between Mr. Drescher and the Issuer dated June 19, 2019.

The source of the funds used by Mr. Drescher to acquire the securities described herein was his personal investment funds.

No part of the purchase price was borrowed by the Reporting Person for the purpose of acquiring any securities discussed in this Item 3.

Subsequently to the closing of the Private Placement, the Issuer paid Mr. Drescher the amount of CDN$772,200 in connection with the repayment of certain non-interest bearing loans made by Mr. Drescher to the Issuer.

Mr. Drescher purchased the shares of Common Stock for investment purposes.

Mr. Drescher is the Chief Financial Officer, Corporate Secretary and a director of the Issuer; however, except as otherwise described in this statement, the Reporting Person does not have any present plan or proposal relating to or that would result in: (a) the acquisition by any person of additional securities of the Issuer or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) any change in the present Board of Directors or management of the Issuer, including any plans or proposals to change the number or terms of directors or to fill any existing vacancies on the Board of Directors of the Issuer; (e) any material change in the present capitalization or dividend policy of the Issuer; (f) any other material change in the Issuer’s business or corporate structure; (g) any changes in the Issuer’s charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) a class of securities of the Issuer being delisted from a national securities exchange or ceasing to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or (j) any action similar to those enumerated above.

The information set forth under Item 3 above is hereby incorporated by reference to this Item 6.

The information contained in Exhibits 1 and 2 below is hereby incorporate by reference to this Item 6.

Other than as described in this Schedule 13D, to the best of the Reporting Person’s knowledge, there are no other contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting Person and any person with respect to any securities of the Issuer.

SIGNATURE S 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: July 15, 2019

EXHIBIT INDEX

Oculus Visiontech (QB) (USOTC:OVTZ)
Historical Stock Chart
Von Mär 2024 bis Apr 2024

Oculus Visiontech (QB) (USOTC:OVTZ)
Historical Stock Chart
Von Apr 2023 bis Apr 2024