UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 11)*
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)
March 7, 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).
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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) n/a
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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 U.S.
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Number of 7. Y Sole Voting Power 782,851
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Shares --------------------------------------------------------------
Beneficially 8. Shared Voting Power 6,832,722
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Owned by --------------------------------------------------------------
Each 9. Y Sole Dispositive Power 782,851
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Reporting --------------------------------------------------------------
Person 10. Shared Dispositive Power 6,832,722
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With
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11. Aggregate Amount Beneficially Owned by Each Reporting
Person 7,615,573
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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) 28.0%
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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 director of the Issuer.
(d) Disclosure of Criminal Proceedings: none
(e) Disclosure of Civil Proceedings: none
(f) Citizenship: U.S.
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 March 7, 2006,
St. Petka Trust sold 34,000 shares to a third-party purchaser in a private
transaction. The sales price was $0.75 per share. On March 9, 2006, St. Petka
Trust gifted 5,000 shares to a third party. The market price on the date of the
gift was $1.50. On March 10, 2006, St. Petka Trust sold 133,333 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. 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. On March 7, 2006, St.
Petka Trust sold 34,000 shares to a third-party purchaser. On March 10, 2006,
St. Petka Trust sold 133,333 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. On March 9, 2006, St. Petka Trust gifted 5,000 shares to a third
party.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
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Mr. Radovich beneficially owns a total of 7,615,573 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 Issuer's
total issued and outstanding shares of 27,239,962 shares on the date of this
filing. The St. Petka Trust directly owns 6,742,556 shares of the Issuer's
common stock which comprises 24.8% 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 738,851
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 6,742,556 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 March 7, 2006, St. Petka Trust sold 34,000 shares to a third-party
purchaser. The sales price was $0.75 per share. On March 9, 2006, St. Petka
Trust gifted 5,000 shares to a third party. The market price on the date of the
gift was $1.50. On March 10, 2006, St. Petka Trust sold 133,333 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. Mr. Chaslav Radovich did
not personally acquire or sell any shares.
(d) Not Applicable.
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(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 14, 2006
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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)