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4. SHAREHOLDER'S EQUITY
 3 Months Ended
Jun. 30, 2016
Notes to Financial Statements  
SHAREHOLDER'S EQUITY

Shareholder Distributions

 

Following the sale for cash in September 2011, of BMBM’s oil and gas assets in operations in Kazakhstan, BMBM distributed the net proceeds to its shareholders. As of June 30, 2016 and March 31, 2016, distributions aggregating $8,533,566, respectively, have not been completed to certain shareholders pending the completion of necessary documentation of such shareholders’ ownership of the stock on which the distribution is based.