69W-700.005. Promoters Equity Investment Ratio

In offerings where the issuer is a development-stage company, the ratio of equity investment by promoters or insiders to the aggregate public offering shall be no less than: (1) Seven percent (7%) of the first $1,000,000 of the aggregate public offering; and, (2) $70,000 plus two and one-half percent (2.5%) of the next $4 million of the aggregate public offering; and, (3) Fi$170,000 for offerings greater than $5 million.