Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
Under
the Securities Exchange Act of 1934
Cobalis
Corp.
(Name of
Issuer)
Common Stock, Par Value
$.001 Per Share
(Title of
Class of Securities)
19074y205
(CUSIP
Number)
Chaim Zev
Stern
1375 East
27th Street
Brooklyn,
New York 11210
(718)
986-0838
(Name,
Address and Telephone Number of Person
Authorized
to Receive Notices and Communications)
May 27,
2008
(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box o.
Note: Schedules filed in paper format shall
include a signed original and five copies of the schedule, including all
exhibits. See §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).
Continued
on following pages
SCHEDULE
13D
CUSIP
No. 19074y205
(1)
|
Names
of Reporting Persons
|
|
|
|
CHAIM
ZEV STERN
|
|
|
(2)
|
Check
the Appropriate Box if a Member of a Group (See
Instructions)
|
|
|
a. o
|
|
|
b. x
|
|
|
(3)
|
SEC
Use Only
|
|
|
(4)
|
Source
of Funds (See Instructions)
|
|
PF
|
|
|
(5)
|
Check
if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or
2(e)
|
|
o
|
|
|
(6)
|
Citizenship
or Place of Organization
|
|
United
States
|
|
|
|
|
(7)
|
Sole
Voting Power
|
Number
of
Shares
Beneficially
Owned
By
Each
Reporting
Person
With
|
|
|
42,815,909
|
|
|
|
|
(8)
|
Shared
Voting Power
|
|
|
0
|
|
|
|
|
(9)
|
Sole
Dispositive Power
|
|
|
42,815,909
|
|
|
|
|
|
(10)
|
Shared
Dispositive Power
|
|
|
|
0
|
|
|
(11)
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
|
|
42,815,909
|
|
|
(12)
|
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
|
|
o
|
|
|
(13)
|
Percent of Class Represented By
Amount in Row (11)
|
|
36.21%
|
|
|
(14)
|
Type
of Reporting Person (See Instructions)
IN
|
SCHEDULE
13D
CUSIP
No. 19074y205
Item
1. Security and Issuer
This
Statement on Schedule 13D (this “Statement”) relates
to shares of common stock, par value $0.001 per share (the “Shares”) of Cobalis
Corp. (the “Issuer”). The address
of the principal executive office of the Issuer is 16795 Von Karman, Suite 200
Irvine, California 92606.
Item
2. Identity and Background
This
Statement is being filed on behalf of Chaim Zev Stern (the “Reporting Person”).
The business address of the Reporting Person is 1375 East 27th Street, Brooklyn,
New York 11210. The Reporting Person's present principal occupation is being the
owner/operator of the following nursing homes: Elmhurst Care Center in East
Elmhurst, New York; New York Center for Rehabilitation & Nursing in Astoria,
New York; and Bezalel Rehabilitation & Nursing Center in Far Rockaway, New
York.
During
the past five years, the Reporting Person has not been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors). During the
past five years, the Reporting Person has not been a party to a civil proceeding
of a judicial or administrative body of competent jurisdiction, as a result of
which she was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws. The
Reporting Person is a citizen of the United States.
Item
3. Source and Amount of Funds or Other
Consideration
The
aggregate purchase price for 42,818,909 Shares was $3,940,000. Such Shares
are held directly by the Reporting Person.
The
source of funds for such purchases was the personal funds of the Reporting
Person.
Item
4. Purpose of Transaction
All of the Shares reported herein as
having been acquired for the account of the Reporting Person and they were
acquired for investment purposes.
The
Reporting Person has no plans or proposals which relate to or which would result
in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule
13D. However, the Reporting Person retains the right to modify his plans with
respect to the transactions described in this Schedule 13D, to vote, acquire or
dispose of securities of the Issuer and to formulate plans and proposals which
could result in the occurrence of any such events, subject to applicable laws
and regulations.
Item
5. Interest in Securities of the
Issuer
(a) According
to the Issuer, as of December 27, 2010, the Issuer had 118,237,323 Shares issued
and outstanding. The Reporting Person is the beneficial owner of 42,815,909
Shares (which constitutes 36.21% of the Shares outstanding) all of which are
held directly by the Reporting Person. The Reporting Person has sole voting and
dispositive power with respect to the Shares.
(b) The
Reporting Person has the sole power to vote, or to direct the vote of 42,815,909
Shares of Common Stock and sole power to dispose of, or to direct the
disposition of 42,815,909 Shares.
(c) The
following table sets forth all transactions with respect to the Shares effected
during the past 60 days by the Reporting Person, inclusive of any transactions
effected through 4:00 p.m., New York City time, on January 12, 2011. All such
transactions were effected through private issuances of the Shares by the
Issuer.
Date
|
Number
of Shares
|
Price Per Share
|
11/23/2010
|
800,000
|
$0.10
|
10/18/2010
|
1,060,000
|
$0.10
|
SCHEDULE
13D
CUSIP
No. 19074y205
|
|
|
(d)
|
Not
applicable.
|
|
(e)
|
Not
applicable.
|
Item
6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer
The Reporting Person has no contracts,
arrangements, understandings or relationships (legal or otherwise) among with
any person with respect to any securities of the issuer, including but not
limited to transfer or voting of any of the securities, finder's fees, joint
ventures, loan or option arrangements, puts or calls, guarantees of profits,
division of profits or loss, or the giving or withholding of proxies, naming the
persons with whom such contracts, arrangements, understandings or relationships
have been entered into. The Reporting Person has not pledged any of the Shares
and none of them are otherwise subject to any contingency, the occurrence of
which would give another person voting power or investment power over any of the
Shares.
Item
7. Material to be Filed as Exhibits
None.
SIGNATURES
After
reasonable inquiry and to the best of my knowledge and belief, the undersigned
certifies that the information set forth in this Statement is true, complete and
correct.
Date:
January 12, 2011
/s/ CHAIM ZEV STERN
Chaim
Zev Stern
|