Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Streets Daniel W
   2. Issuer Name and Ticker or Trading Symbol
LIFELINE THERAPEUTICS, INC. [LFLT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Former Officer
(Last)
(First)
(Middle)
22130 E. COSTILLA DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
04/18/2005
(Street)

AURORA, CO 80016		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 04/18/2005   C   14,491 A $ 2 2,063,161 (1) D  
Common Stock 04/18/2005   C   43,816 A $ 2 43,816 I By Wife's IRA

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Convertible Bridge Note $ 2 04/18/2005   C     14,491 11/23/2004 04/18/2005 Common Stock 14,491 $ 2 0 D  
Convertible Bridge Note $ 2 04/18/2005   C     43,816 11/23/2004 04/18/2005 Common Stock 43,816 $ 2 0 D  
Bridge Note Warrants $ 2 04/18/2005   C   14,491   04/18/2005 04/18/2008 Common Stock 14,491 $ 2 14,491 D  
Bridge Note Warrants $ 2 04/18/2005   C   43,816   04/18/2005 04/18/2008 Common Stock 43,816 $ 2 43,816 I By Wife's IRA
Unit Warrants $ 2.5 04/18/2005   C   14,491   04/18/2005 04/18/2008 Common Stock 14,491 $ 2.5 14,491 D  
Unit Warrants $ 2.5 04/18/2005   C   43,816   04/18/2005 04/18/2008 Common Stock 43,816 $ 2.5 43,816 I By Wife's IRA

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Streets Daniel W
22130 E. COSTILLA DRIVE
AURORA, CO 80016		       Former Officer

Signatures

 Daniel W. Streets   06/22/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 2,048,670 of these shares are owned by Daniel W. and Carol H. Streets as joint tenants.

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