UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)*
Cobalis Corp.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
19074Y 20 5
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(CUSIP Number)
Chaslav Radovich, 2445 McCabe Way, Suite 150, Irvine, CA 92614
(949) 757-0001
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 24, 2006
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-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 ss.240.13d-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).
CUSIP No. 19074Y 20 5
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1. Names of Reporting Persons. I.R.S. Identification
Nos. of above persons (entities only). CHASLAV
RADOVICH
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2. Check the Appropriate Box if a Member of a Group (See
Instructions) (a)
(b)
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3. SEC Use Only
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4. Source of Funds (See Instructions) OO
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5. Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e)
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6. Citizenship or Place of Organization US
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Number of 7. Sole Voting Power 782,851
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Shares
Beneficially 8. Shared Voting Power 7,005,055
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Owned by
Each 9. Sole Dispositive Power 782,851
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Reporting
Person 10. Shared Dispositive Power 7,005,055
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With
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11. Aggregate Amount Beneficially Owned by Each Reporting
Person 7,787,906
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12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions)
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13. Percent of Class Represented by Amount in Row (11) 28.6%
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14. Type of Reporting Person (See Instructions) IN
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ITEM 1. SECURITY AND ISSUER
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This statement relates to shares of the common stock, $.001 par value of Cobalis
Corp., a Nevada corporation (the "Issuer"). The principal executive offices of
the Issuer are located at 2445 McCabe Way, Suite 150, Irvine, CA 92614.
ITEM 2. IDENTITY AND BACKGROUND
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(a) Name: Chaslav Radovich
(b) Business Address: 2445 McCabe Way, Suite 150
Irvine, CA 92614
(c) Present Principal Occupation: Officer and a director of the Issuer.
(d) Disclosure of Criminal Proceedings: none
(e) Disclosure of Civil Proceedings: none
(f) Citizenship: US
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
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Mr. Chaslav Radovich is an immediate family member of and shares a household
with his father, Mr. Radul Radovich, the trustor and beneficiary of St. Petka
Trust. There were no changes to Mr. Chas Radovich's holdings. On February 24,
2006, St. Petka Trust sold 100,000 shares to a third-party purchaser in a
private transaction. The sales price was $0.75 per share. On February 27, 2006,
St. Petka Trust sold 26,667 shares to one third-party purchaser and 13,333
shares to a second third-party purchaser, both in private transactions. On March
2, 2006, St. Petka Trust sold 150,000 shares to a different third-party
purchaser. The sales price was $0.75 per share. Mr. Chas Radovich did not
personally acquire or sell any shares.
ITEM 4. PURPOSE OF TRANSACTION
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There were no changes to Mr. Chas Radovich's holdings. On February 24, 2006, St.
Petka Trust sold 100,000 shares to a third-party purchaser. On February 27,
2006, St. Petka Trust sold 26,667 shares to one third-party purchaser and 13,333
shares to a second third-party purchaser, both in private transactions. On March
2, 2006, St. Petka Trust sold 150,000 shares to a different third-party
purchaser. The purpose of the sales was to pay expenses of the trust and
distribute funds to the trustee.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
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Mr. Radovich beneficially owns a total of 7,787,906 shares of the Issuer's
common stock as follows:
(a) Chaslav Radovich, sole officer and director of the Issuer, owns 738,851
shares individually, and as custodian for his minor child Milena Radovich, who
owns 44,000 shares, or 782,851 shares in the aggregate or 2.9% of the Issuers
total issued and outstanding shares of 27,239,962 shares on the date of this
filing. The St. Petka Trust directly owns 6,914,889 shares of the Issuer's
common stock which comprises 25.4% of the Issuer's total issued and outstanding
shares. The beneficiaries of the St. Petka Trust are immediate family members of
Chaslav Radovich and Milena Radovich, and who share a household with those
beneficiaries of the St. Petka Trust. R&R Holdings, which owns 333 shares and
Silver Mountain Promotions, which owns 89,833 shares, are both controlled by an
immediate family member of Chaslav Radovich.
(b) Chaslav Radovich has sole voting and dispostive power as to the 782,851
shares he owns individually and as to the 44,000 shares which he holds as
custodian for his minor child, Milena Radovich. The St. Petka Trust has sole
voting and dispositive power as to the 6,914,889 shares it owns directly. R&R
Holdings, which owns 333 shares, has solve voting and dispositive power as to
those shares, and Silver Mountain Promotions, which owns 89,833 shares, has sole
dispositive power with regard to the shares it owns; both these entities are
controlled by an immediate family member sharing a household with Chaslav
Radovich.
(c) On February 24, 2006, St. Petka Trust sold 100,000 shares to a third-party
purchaser. The sales price was $0.75 per share. On February 27, 2006, St. Petka
Trust sold 26,667 shares to one third-party purchaser and 13,333 shares to a
second third-party purchaser, both in private transactions. On March 2, 2006,
St. Petka Trust sold 150,000 shares to a different third-party purchaser. The
sales price was $0.75 per share Mr. Radul Radovich did not personally acquire or
sell any shares.
(d) Not Applicable.
(e) Not Applicable.
ITEM 6. CONTACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
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None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
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None.
Signature
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.
March 2, 2006
Date
/s/ Chaslav Radovich
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Chaslav Radovich
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an executive
officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement: provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Attention: Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001)