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Filing Details

Accession Number:: 0001387131-11-002705
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-11-22 21:55:11
Reporting Period:: 2011-11-14

Filing Date:: 2011-11-22
Accepted Time:: 2011-11-22 21:55:11
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1420031	Emmaus Life Sciences Inc.	NONE	Blank Checks (6770)	412254389

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1396631	F Amir Heshmatpour	9595 Wilshire Blvd, Ste 900 Suite 700 Beverly Hills CA 90212		Yes	No	Yes	No
1518995	Ltd. Ventures Griffin	9595 Wilshire Blvd. Beverly Hills CA 90212		No	No	No	Yes

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2011-11-14	112,001	$3.57	2,532,249	No	4	S	Indirect	See footnote
Common Stock	Disposition	2011-11-14	112,001	$3.57	159,999	No	4	S	Direct
Common Stock	Disposition	2011-11-21	11,200	$3.57	2,521,049	No	4	S	Indirect	See footnote
Common Stock	Disposition	2011-11-21	11,200	$3.57	148,799	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote
No	4	S	Direct
No	4	S	Indirect	See footnote
No	4	S	Direct

Footnotes

On November 14, 2011, Griffin Ventures Ltd. ("Griffin") sold an aggregate of 112,001 shares of common stock, par value $0.001 per share (the "Common Stock") of the Issuer for the aggregate sum of $400,000, or $3.5714 per share of Common Stock, pursuant to the terms of a stock purchase agreement.
Represents the shares owned of record by Griffin and beneficially owned by Amir Heshmatpour and sold by Griffin as described in footnote (1) above.
Represents the shares owned of record and sold by Griffin as decribed in footnote (1) above.
Represents the aggregate shares of Common Stock owned beneficially by Amir Heshmatpour, which includes 2,372,250 shares of Common Stock owned of record by AFH Holding and Advisory LLC ("AFH") and 159,999 shares of Common Stock owned of record by Griffin following the transaction described in footnote (1) above. Amir Heshmatpour is the sole owner and manager of both AFH and Griffin and has sole voting and investment control over the securities owned of record by AFH and Griffin. Therefore, he may be deemed to beneficially own the 2,372,250 shares of Common Stock owned by AFH and the 159,999 shares of Common Stock owned by Griffin following the transaction described in footnote (1) above.
Represents the shares of Common Stock owned of record and beneficially by Griffin following the transaction described in footnote (1) above.
On November 21, 2011, Griffin sold an aggregate of 11,200 shares of Common Stock of the Issuer for the aggregate sum of $40,000, or $3.5714 per share of Common Stock, pursuant to the terms of a stock purchase agreement.
Represents the shares owned of record by Griffin and beneficially owned by Amir Heshmatpour and sold by Griffin as described in footnote (6) above.
Represents the shares owned of record and sold by Griffin as decribed in footnote (6) above.
Represents the aggregate shares of Common Stock owned beneficially by Amir Heshmatpour, which includes 2,372,250 shares of Common Stock owned of record by AFH and 148,799 shares of Common Stock owned of record by Griffin following the transaction described in footnote (6) above. Amir Heshmatpour is the sole owner and manager of both AFH and Griffin and has sole voting and investment control over the securities owned of record by AFH and Griffin. Therefore, he may be deemed to beneficially own the 2,372,250 shares of Common Stock owned by AFH and the 148,799 shares of Common Stock owned by Griffin following the transaction described in footnote (6) above.
Represents the shares of Common Stock owned of record and beneficially by Griffin following the transaction described in footnote (6) above.