[Vineyard Development] a Community Group in Montana Wanted to Revitalize

[Vineyard Development] A community group in Montana wanted to revitalize the area and held a meeting urging residents to invest in local businesses. After the meeting, Mai and Trent, who own Valley Vineyard, decide to expand by adding a spa and first-class restaurant to the property to attract tourists. They plan to raise capital for the vineyard development by issuing securities to local investors. All of Valley Vineyard's property and assets are in Montana and their wine sales are about 85% to stores, consumers, or distributors within the state. Once the spa and restaurant are running, they would like to use their profits to open a small wine-bar in Florida.
-The concept of ________ is based on the misappropriation theory of tort law.

A) insider trading
B) blue-sky trading
C) red-herring
D) securities
E) bond negotiations