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)
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). ST. PETKA
TRUST (EIN 88-0480035)
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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 DELAWARE
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Number of 7. Sole Voting Power 6,914,889
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Shares
Beneficially 8. Shared Voting Power 837,017
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Owned by
Each 9. Sole Dispositive Power 6,914,889
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Reporting
Person 10. Shared Dispositive Power 837,017
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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) CO
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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: St. Petka Trust
(b) Business Address: 46 Calle Fresno,
San Clemente CA 92672
(c) Present Principal Occupation: N/A
(d) Disclosure of Criminal Proceedings: none
(e) Disclosure of Civil Proceedings: none
(f) Citizenship: The St. Petka Trust was organized
in Delaware.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
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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. The sales price was $0.75 per share. 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.
ITEM 4. PURPOSE OF TRANSACTION
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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. The sales price was
$0.75 per share. 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. 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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The trustor of the St. Petka Trust beneficially owns a total of 7,787,906 shares
of the Issuer's common stock as follows:
(a) 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 trustor of the St. Petka Trust is Radul Radovich. The trustor for the St.
Petka Trust, Radul Radovich, also owns R&R Holdings, which owns 333 shares and
Silver Mountain Promotions, which owns 89,833 shares. Mr. Radul Radovich's
aggregate personal holdings are therefore 7,005,055 shares or 25.7%
(b) The St. Petka Trust has sole voting and dispositive power as to the
6,914,889 shares it owns directly. The Trustor for the St. Petka Trust is Radul
Radovich. R&R Holdings, which owns 333 shares and Silver Mountain Promotions,
which owns 89,833 shares are both controlled by Radul Radovich, who is the
trustor of the St. Petka Trust.
(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. The sales price was
$0.75 per share. 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. The
purpose of the sales was to pay expenses of the trust and distribute funds to
the trustee. Mr. Radul Radovich did not personally acquire or sell any shares.
Mr. Radul Radovich is the trustor and one of the beneficiaries of the St. Petka
Trust.
(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/ Radul Radovich
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Radul Radovich, Trustor
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)