Bluegrass,Incorporated does ninety-five percent of its business in the state of Kentucky,and substantially all of its assets are located in Kentucky.Bluegrass plans to issue $5,000,000 in new stock,and use the proceeds exclusively in Kentucky.Bluegrass has ten accredited potential investors,nine of whom live in Kentucky,and one who lives in Ohio.Can Bluegrass qualify for a "private placement" exemption or an "intrastate offering" exemption under the Securities Act of 1933?

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The Answer of Bluegrass,Incorporated does ninety-five percent of its business in the state of Kentucky,and substantially all of its assets are located in Kentucky.Bluegrass plans to issue $5,000,000 in new stock,and use the proceeds exclusively in Kentucky.Bluegrass has ten accredited potential investors,nine of whom live in Kentucky,and one who lives in Ohio.Can Bluegrass qualify for a "private placement" exemption or an "intrastate offering" exemption under the Securities Act of 1933?

Bluegrass,Incorporated Does Ninety-Five Percent of Its Business in the State