UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Cobalis Corp.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
19074Y 20 5
--------------------------------------------------------------------------------
(CUSIP Number)
Chaslav Radovich, 2445 McCabe Way, Suite 150, Irvine, CA 92614
(949) 757-0001
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 30, 2005
--------------------------------------------------------------------------------
(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
--------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification
Nos. of above persons (entities only). CHASLAV
RADOVICH
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See
Instructions) (a)
(b)
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions) OO
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization US
--------------------------------------------------------------------------------
Number of 7. Sole Voting Power 557,851
-----------
Shares
Beneficially 8. Shared Voting Power 10,227,065
----------
Owned by
Each 9. Sole Dispositive Power 557,851
------------
Reporting
Person 10. Shared Dispositive Power 10,227,065
-------------
With
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting
Person 10,784,916
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions)
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 43.7%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) IN
--------------------------------------------------------------------------------
ITEM 1. SECURITY AND ISSUER
----------------------------
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
--------------------------------
(a) Name: Chaslav Radovich
(b) Business Address: 2445 McCabe Way, Suite 150
Irvine, CA 92614
(c) Present Principal Occupation: Sole 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
---------------------------------------------------------
Mr. Chaslav Radovich is an immediate family member and shares a household with
his father, Mr. Radul Radovich, the trustor and beneficiary of St. Petka Trust.
On March 30, 2005, St. Petka Trust sold 100,000 of its shares of the Issuer's
common stock to a third party for $0.50 per share in a privately-negotiated
transaction. On April 7, 2005, St. Petka Trust sold 100,000 of its shares of the
Issuer's common stock to a different third party for $0.50 per share, and 20,000
shares of the Issuer's common stock to a different third party for $0.50 per
share, each in separate privately-negotiated transactions. On April 25, 2005,
St. Petka Trust gifted 15,000 of its shares of the Issuer's common stock to a
third party; those shares were valued at $0.55 per share, the closing market
price on the date of the gift. On May 12, 2005, St. Petka Trust sold 100,000 of
its shares of the Issuer's common stock to a third party for $0.50 per share;
11,111 shares of the Issuer's common stock to a third party for $0.45 per share,
and an additional 100,000 of its shares of the Issuer's common stock to a
different third party for $0.50 per share.
ITEM 4. PURPOSE OF TRANSACTION
--------------------------------
The privately-negotiated sales were conducted in order to allow St. Petka Trust
to pay its expenses and to disburse funds to its Trustor, Mr. Radul Radovich.
The gift of stock was to a personal friend of Mr. Radul Radovich.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
---------------------------------------------
Mr. Chaslav Radovich beneficially owns a total of 10,784,916 shares of the
Issuer's common stock as follows:
(a) Chaslav Radovich, sole officer and director of the Issuer, owns 513,851
shares individually, and as custodian for his minor child Milena Radovich, who
owns 44,000 shares. The aggregate total of those shares is 557,851 or 2.3% of
the Issuer's outstanding common stock. Mr. Radovich is an immediate family
member and shares a household with the trustor and beneficiaries of The St.
Petka Trust, which directly owns 10,133,899 shares of the Issuer's common stock
which comprises 41.1% of the Issuer's total issued and outstanding shares. R&R
Holdings, which owns 333 shares and Silver Mountain Promotions, which owns
92,833 shares are both controlled by an immediate family member of Chaslav
Radovich. Therefore, the aggregate ownership by these household members is
10,784,916 shares, or 43.7% of the Issuer's outstanding common stock.
(b) Chaslav Radovich has sole voting and dispostive power as to the 513,851
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 10,133,899 shares it owns directly. That
entity is controlled by an immediate family member sharing a household with
Chaslav Radovich. R&R Holdings, which owns 333 shares, has solve voting and
dispositive power as to those shares, and Silver Mountain Promotions, which owns
92,833 shares, has sole dispositive power with regard to the shares it owns;
both entities are controlled by an immediate family member sharing a household
with Chaslav Radovich.
(c) St. Petka Trust had the following recent privately conducted transactions:
On March 30, 2005, St. Petka Trust sold 100,000 of its shares of the Issuer's
common stock to a third party for $0.50 per share in a privately-negotiated
transaction. On April 7, 2005, St. Petka Trust sold 100,000 of its shares of the
Issuer's common stock to a different third party for $0.50 per share, and 20,000
shares of the Issuer's common stock to a different third party for $0.50 per
share, each in separate privately-negotiated transactions. On April 25, 2005,
St. Petka Trust gifted 15,000 of its shares of the Issuer's common stock to a
third party; those shares were valued at $0.55 per share, the closing market
price on the date of the gift. On May 12, 2005, St. Petka Trust sold 100,000 of
its shares of the Issuer's common stock to a third party for $0.50 per share;
11,111 shares of the Issuer's common stock to a third party for $0.45 per share,
and an additional 100,000 of its shares of the Issuer's common stock to a
different third party for $0.50 per share. No changes have occurred with Mr.
Chaslav Radovich's direct personal holdings. Mr. Chaslav Radovich is an
immediate family member and shares a household with Mr. Radul Radovich, who is
the trustor and a beneficiary of the St. Petka Trust, and the owner of Silver
Mountain Promotions.
(d) Not Applicable.
(e) Not Applicable.
ITEM 6. CONTACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
---------------------------------------------------------------------------
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
-----------------------------------------
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.
May 20, 2005
Date
/s/ Chaslav Radovich
-----------------------------
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)