general and administrative expenses were comprised of payroll and related payments , rent expenses , and office supplies . operating expenses were higher in the fiscal year ended march 31 , 2016 compared to the period from inception to march 31 , 2015 , primarily because the period from inception to march 31 , 2015 was only seven months . we anticipate operating expenses during fiscal 2017 to remain relatively constant in comparison to the 2016 fiscal year or until such time as we close the acquisitions of one or more of the freedom companies and or ffin reapplies for and receives licensure and commences operations as a licensed u.s. securities broker-dealer . loss from operations . during the fiscal year ended march 31 , 2016 and the period from inception to march 31 , 2015 , we recognized losses from operations of $ 493,834 and $ 138,296 , respectively . as discussed above , our loss from operations was higher during the fiscal year ended march 31 , 2016 , than the period from inception to march 31 , 2015 , primarily because of the shorter time period from inception to march 31 , 2015. we anticipate we will continue to realize losses from operations at a level similar to that experienced during fiscal 2016 until such time as we are successful in closing the acquisitions of one or more of the freedom companies and or ffin reapplies for and receives licensure and commences operations as a licensed u.s. securities broker-dealer . 39 total other income . during the fiscal year ended march 31 , 2016 we recognized total other income of $ 1,595 compared to $ 2 during the period from inception to march 31 , 2015. this other income resulted from interest income on our cash balances . net loss . for the reasons discussed above , during the fiscal year ended march 31 , 2016 , we realized a net loss of $ 491,999 , or $ 0.00 per share . during the period from inception to march 31 , 2015 , we realized a net loss of $ 138,634 , or $ 0.01 per share . because we currently engage in no revenue generating activities , we expect to continue to realize net losses in upcoming fiscal periods until we start generating revenues from our planned business activities . story_separator_special_tag style= `` page-break-after : always ; width : 100 % `` > because of its inherent limitations , internal control over financial reporting may not prevent or detect misstatements of our financial statements . projections of any evaluation of the effectiveness on internal control over financial reporting to future periods are subject to the risk that controls may become inadequate because of changes in conditions , or that the degree of compliance with the policies or procedures may deteriorate . management , with the participation of our principal executive officer and principal financial officer conducted an assessment of the effectiveness of our internal control over financial reporting based on the criteria set forth in the internal control – integrated framework issued by the committee of sponsoring organizations ( coso ) of the treadway commission ( 2013 ) . based on this assessment , our management concluded that as of march 31 , 2016 , the end of our fiscal year , our internal control over financial reporting was effective to provide reasonable assurance regarding the reliability of financial reporting and preparation of financial statements for external purposes in accordance with generally accepted accounting principles in the united states . attestation report of independent registered public accounting firm this annual report on form 10-k does not include an attestation report of our independent registered public accounting firm regarding internal control over financial reporting . management 's report was not subject to attestation by our independent registered public accounting firm pursuant to an exemption for non-accelerated filers set forth in section 404 of the sarbanes-oxley act of 2002. changes in internal control over financial reporting during the quarter ended march 31 , 2016 , there were no changes in our internal control over financial reporting that materially affected , or are reasonably likely to materially affect , our internal control over financial reporting . item 9b . other information none . part iii item 10. directors , executive officers and corporate governance the following table sets forth our directors and executive officers , their ages , and all offices and positions held . directors are elected for a period of three years and thereafter serve until their successor is duly elected by the stockholders and qualified . 43 replace_table_token_4_th a brief description of the background and business experience of each of the above listed individuals follows . timur turlov . mr. turlov graduated from russia state technic university ( named after tsialkovskiy ) in 2009 with a bachelor of science degree in economics and management . mr. turlov has more than 10 years of experience in various areas in the international securities industry . since july 2013 , mr. turlov has served as the advisor to the chairman of the board of freedom finance jsc . in that capacity , mr. turlov has been primarily responsible for strategic management , public and investor relations events , investment strategy , sales strategy , and government relations . he has also served as the general director of investment company freedom finance llc , since august 2001. as the general director , mr. turlov is responsible for establishing the company 's strategic goals , including acquisition and retention of large clients , sales strategy and company development . from may 2012 through january 2013 , mr. turlov served as the chairman of the board of directors of nomad finance jsc where he oversaw business set up and acquisition of large clients . story_separator_special_tag item 11. executive compensation the table below summarizes compensation paid to or earned by all individuals serving as the principal executive officer of bmbm or acting in a similar capacity during the last two completed fiscal years regardless of compensation level . no individual earned in excess of $ 100,000 during the last two completed fiscal year . summary compensation table replace_table_token_5_th ( 1 ) mr. turlov was appointed chief executive officer of bmbm in november 2015. mr. turlov served as president of ffin from september 2015 to may 2016 . ( 2 ) mr. tashtitov served as president of bmbm from may 2006 to november 2015. employment agreements during the fiscal year ended march 31 , 2016 , mr. turlov provided services to bmbm and ffin on an as needed basis and received no compensation for the services he provided . during the fiscal years ended march 31 , 2016 and 2015 , mr. tashtitov provided services to bmbm on an as needed basis and received no compensation for the services he provided . we do not have employment agreements with either mr. turlov or mr. tashtitov . 49 outstanding equity awards at fiscal year-end as of march 31 , 2016 , neither mr. turlov , nor mr. tashtitov held any outstanding stock options , unvested restricted stock grants , or other shares of stock , units or other rights awarded under any equity incentive plan that had not vested or that had not been earned . compensation of directors director fees during the fiscal year ended march 31 , 2016 , and the period from august 25 , 2014 ( inception ) to march 31 , 2015 , we did not compensate any members of our board of directors for their board service . equity compensation we do not currently have a fixed plan for the award of equity compensation to our directors . equity compensation of directors , if any , is typically recommended by the compensation committee or management and is subject to approval of the full board of directors . any equity grants to directors are to be granted at a price equal to the fair market value of our common stock on the date of the grant . we did not award any equity compensation to our directors during the year ended march 31 , 2015. item 12. security ownership of certain beneficial owners and management and related stockholder matters at june 10 , 2016 , we had 280,339,467 shares of common stock issued and outstanding . the following table sets forth the outstanding shares of common stock owned of record or beneficially by each person that owned of record , or was known by us to own beneficially , more than 5 % of our issued and outstanding stock , and the name and stock holdings of each director and nominee for director , and the stock holdings of all of the executive officers and directors as a group : name of person or group ( 1 ) nature of ownership amount percent principal stockholders : timur turlov ( 2 ) common stock 224,551,913 80.1 % directors : timur turlov ( 2 ) common stock 224,551,913 80.1 jason kerr common stock arkady rakhilkin common stock leonard m. stillman common stock 50 name of person or group ( 1 ) nature of ownership amount percent askar tashtitov common stock 480,000 * all executive officers and directors as a group ( 6 persons ) : common stock 225,221,913 80.3 % * less than 1 % . ( 1 ) unless otherwise indicated , the mailing address of each beneficial owner is c/o bmb munai , inc. , 324 south 400 west , suite 250 , salt lake city , utah 84101. the information provided in the table is based on our records , information filed with the sec , and information provided to us , except where otherwise noted . ( 2 ) as discussed in item 1. description of business , in connection with the acquisitions of freedom ru and freedom cy , if completed , mr. turlov will be issued additional shares of common stock increasing his ownership in our then outstanding common stock by approximately an additional 15 % . to our knowledge , there are no present arrangements or pledges of our securities , the operation of which may at a subsequent date result in a change in our control . change in control to the knowledge of management , there are no present arrangements or pledges of our securities the operation of which may at a subsequent date result in a change in control of the company . securities authorized for issuance under equity compensation plans the following table provides information respecting our compensation plans ( including individual compensation arrangements ) under which our equity securities are authorized for issuance : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( a ) weighted-average exercise price of outstanding options , warrants and rights ( b ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c ) equity compensation plans approved by security holders 4,025,000 equity compensation plans not approved by security holders total 4,025,000 item 13. certain relationships and related transactions and director independence related party transactions the disclosures set forth in this report in item 1. description of business regarding the acquisitions of the freedom companies is incorporated by reference into this item 13. certain relationships and related transactions and director independence . 51 during the period from august 25 , 2014 ( inception ) through march 31 , 2015 , ffin issued 100,000 shares and 400,000 share , respectively , to mr. turlov in exchange for capital contributions to ffin of $ 100,000 and $ 400,000 , respectively . at the times such contributions were made mr. turlov was the president , a director and

liquidity and capital resources we do not currently generate revenue and as noted above will be unable to generate revenue from our proposed business activities until such time as we obtain required licenses and memberships and establish a clearing relationship and or we are successful in closing the acquisitions of one or more of the freedom companies . whether or when we will satisfy these conditions , or close the acquisitions , is beyond our control . if our existing cash assets are insufficient to satisfy our expenses while we assess whether to proceed with the registration process , and or complete closing the acquisitions , we will need to seek additional funding . we currently have no commitment for additional funding , and there is no guarantee additional funding will be available , or if it is , that such funding will be available to us on acceptable terms . cash flows during the year ended march 31 , 2016 , and the period from inception to march 31 , 2015 , we used cash primarily to pay for current expenses . see below for additional discussion and analysis of cash flow . replace_table_token_2_th net cash used in operating activities during the fiscal year ended march 31 , 2016 was higher compared to the period from inception to march 31 , 2015 due to a larger net loss realized during fiscal 2016 . 40 during the year ended march 31 , 2016 , net cash provided by investing activities included $ 8,533,566 resulting from the acquisition of bmbm . this amount is restricted and is held for distribution to shareholders who have not yet claimed their distributions from the sale of the company 's oil and gas exploration and production operations . during fiscal 2016 , net cash provided by financing activities was $ 180,000 compared to $ 500,000 during the period from inception to march 31 , 2015. all funds provided by financing activities resulted from capital contributions to the company by mr. turlov .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources we do not currently generate revenue and as noted above will be unable to generate revenue from our proposed business activities until such time as we obtain required licenses and memberships and establish a clearing relationship and or we are successful in closing the acquisitions of one or more of the freedom companies . whether or when we will satisfy these conditions , or close the acquisitions , is beyond our control . if our existing cash assets are insufficient to satisfy our expenses while we assess whether to proceed with the registration process , and or complete closing the acquisitions , we will need to seek additional funding . we currently have no commitment for additional funding , and there is no guarantee additional funding will be available , or if it is , that such funding will be available to us on acceptable terms . cash flows during the year ended march 31 , 2016 , and the period from inception to march 31 , 2015 , we used cash primarily to pay for current expenses . see below for additional discussion and analysis of cash flow . replace_table_token_2_th net cash used in operating activities during the fiscal year ended march 31 , 2016 was higher compared to the period from inception to march 31 , 2015 due to a larger net loss realized during fiscal 2016 . 40 during the year ended march 31 , 2016 , net cash provided by investing activities included $ 8,533,566 resulting from the acquisition of bmbm . this amount is restricted and is held for distribution to shareholders who have not yet claimed their distributions from the sale of the company 's oil and gas exploration and production operations . during fiscal 2016 , net cash provided by financing activities was $ 180,000 compared to $ 500,000 during the period from inception to march 31 , 2015. all funds provided by financing activities resulted from capital contributions to the company by mr. turlov .
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 Suspicious Activity Report : general and administrative expenses were comprised of payroll and related payments , rent expenses , and office supplies . operating expenses were higher in the fiscal year ended march 31 , 2016 compared to the period from inception to march 31 , 2015 , primarily because the period from inception to march 31 , 2015 was only seven months . we anticipate operating expenses during fiscal 2017 to remain relatively constant in comparison to the 2016 fiscal year or until such time as we close the acquisitions of one or more of the freedom companies and or ffin reapplies for and receives licensure and commences operations as a licensed u.s. securities broker-dealer . loss from operations . during the fiscal year ended march 31 , 2016 and the period from inception to march 31 , 2015 , we recognized losses from operations of $ 493,834 and $ 138,296 , respectively . as discussed above , our loss from operations was higher during the fiscal year ended march 31 , 2016 , than the period from inception to march 31 , 2015 , primarily because of the shorter time period from inception to march 31 , 2015. we anticipate we will continue to realize losses from operations at a level similar to that experienced during fiscal 2016 until such time as we are successful in closing the acquisitions of one or more of the freedom companies and or ffin reapplies for and receives licensure and commences operations as a licensed u.s. securities broker-dealer . 39 total other income . during the fiscal year ended march 31 , 2016 we recognized total other income of $ 1,595 compared to $ 2 during the period from inception to march 31 , 2015. this other income resulted from interest income on our cash balances . net loss . for the reasons discussed above , during the fiscal year ended march 31 , 2016 , we realized a net loss of $ 491,999 , or $ 0.00 per share . during the period from inception to march 31 , 2015 , we realized a net loss of $ 138,634 , or $ 0.01 per share . because we currently engage in no revenue generating activities , we expect to continue to realize net losses in upcoming fiscal periods until we start generating revenues from our planned business activities . story_separator_special_tag style= `` page-break-after : always ; width : 100 % `` > because of its inherent limitations , internal control over financial reporting may not prevent or detect misstatements of our financial statements . projections of any evaluation of the effectiveness on internal control over financial reporting to future periods are subject to the risk that controls may become inadequate because of changes in conditions , or that the degree of compliance with the policies or procedures may deteriorate . management , with the participation of our principal executive officer and principal financial officer conducted an assessment of the effectiveness of our internal control over financial reporting based on the criteria set forth in the internal control – integrated framework issued by the committee of sponsoring organizations ( coso ) of the treadway commission ( 2013 ) . based on this assessment , our management concluded that as of march 31 , 2016 , the end of our fiscal year , our internal control over financial reporting was effective to provide reasonable assurance regarding the reliability of financial reporting and preparation of financial statements for external purposes in accordance with generally accepted accounting principles in the united states . attestation report of independent registered public accounting firm this annual report on form 10-k does not include an attestation report of our independent registered public accounting firm regarding internal control over financial reporting . management 's report was not subject to attestation by our independent registered public accounting firm pursuant to an exemption for non-accelerated filers set forth in section 404 of the sarbanes-oxley act of 2002. changes in internal control over financial reporting during the quarter ended march 31 , 2016 , there were no changes in our internal control over financial reporting that materially affected , or are reasonably likely to materially affect , our internal control over financial reporting . item 9b . other information none . part iii item 10. directors , executive officers and corporate governance the following table sets forth our directors and executive officers , their ages , and all offices and positions held . directors are elected for a period of three years and thereafter serve until their successor is duly elected by the stockholders and qualified . 43 replace_table_token_4_th a brief description of the background and business experience of each of the above listed individuals follows . timur turlov . mr. turlov graduated from russia state technic university ( named after tsialkovskiy ) in 2009 with a bachelor of science degree in economics and management . mr. turlov has more than 10 years of experience in various areas in the international securities industry . since july 2013 , mr. turlov has served as the advisor to the chairman of the board of freedom finance jsc . in that capacity , mr. turlov has been primarily responsible for strategic management , public and investor relations events , investment strategy , sales strategy , and government relations . he has also served as the general director of investment company freedom finance llc , since august 2001. as the general director , mr. turlov is responsible for establishing the company 's strategic goals , including acquisition and retention of large clients , sales strategy and company development . from may 2012 through january 2013 , mr. turlov served as the chairman of the board of directors of nomad finance jsc where he oversaw business set up and acquisition of large clients . story_separator_special_tag item 11. executive compensation the table below summarizes compensation paid to or earned by all individuals serving as the principal executive officer of bmbm or acting in a similar capacity during the last two completed fiscal years regardless of compensation level . no individual earned in excess of $ 100,000 during the last two completed fiscal year . summary compensation table replace_table_token_5_th ( 1 ) mr. turlov was appointed chief executive officer of bmbm in november 2015. mr. turlov served as president of ffin from september 2015 to may 2016 . ( 2 ) mr. tashtitov served as president of bmbm from may 2006 to november 2015. employment agreements during the fiscal year ended march 31 , 2016 , mr. turlov provided services to bmbm and ffin on an as needed basis and received no compensation for the services he provided . during the fiscal years ended march 31 , 2016 and 2015 , mr. tashtitov provided services to bmbm on an as needed basis and received no compensation for the services he provided . we do not have employment agreements with either mr. turlov or mr. tashtitov . 49 outstanding equity awards at fiscal year-end as of march 31 , 2016 , neither mr. turlov , nor mr. tashtitov held any outstanding stock options , unvested restricted stock grants , or other shares of stock , units or other rights awarded under any equity incentive plan that had not vested or that had not been earned . compensation of directors director fees during the fiscal year ended march 31 , 2016 , and the period from august 25 , 2014 ( inception ) to march 31 , 2015 , we did not compensate any members of our board of directors for their board service . equity compensation we do not currently have a fixed plan for the award of equity compensation to our directors . equity compensation of directors , if any , is typically recommended by the compensation committee or management and is subject to approval of the full board of directors . any equity grants to directors are to be granted at a price equal to the fair market value of our common stock on the date of the grant . we did not award any equity compensation to our directors during the year ended march 31 , 2015. item 12. security ownership of certain beneficial owners and management and related stockholder matters at june 10 , 2016 , we had 280,339,467 shares of common stock issued and outstanding . the following table sets forth the outstanding shares of common stock owned of record or beneficially by each person that owned of record , or was known by us to own beneficially , more than 5 % of our issued and outstanding stock , and the name and stock holdings of each director and nominee for director , and the stock holdings of all of the executive officers and directors as a group : name of person or group ( 1 ) nature of ownership amount percent principal stockholders : timur turlov ( 2 ) common stock 224,551,913 80.1 % directors : timur turlov ( 2 ) common stock 224,551,913 80.1 jason kerr common stock arkady rakhilkin common stock leonard m. stillman common stock 50 name of person or group ( 1 ) nature of ownership amount percent askar tashtitov common stock 480,000 * all executive officers and directors as a group ( 6 persons ) : common stock 225,221,913 80.3 % * less than 1 % . ( 1 ) unless otherwise indicated , the mailing address of each beneficial owner is c/o bmb munai , inc. , 324 south 400 west , suite 250 , salt lake city , utah 84101. the information provided in the table is based on our records , information filed with the sec , and information provided to us , except where otherwise noted . ( 2 ) as discussed in item 1. description of business , in connection with the acquisitions of freedom ru and freedom cy , if completed , mr. turlov will be issued additional shares of common stock increasing his ownership in our then outstanding common stock by approximately an additional 15 % . to our knowledge , there are no present arrangements or pledges of our securities , the operation of which may at a subsequent date result in a change in our control . change in control to the knowledge of management , there are no present arrangements or pledges of our securities the operation of which may at a subsequent date result in a change in control of the company . securities authorized for issuance under equity compensation plans the following table provides information respecting our compensation plans ( including individual compensation arrangements ) under which our equity securities are authorized for issuance : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( a ) weighted-average exercise price of outstanding options , warrants and rights ( b ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c ) equity compensation plans approved by security holders 4,025,000 equity compensation plans not approved by security holders total 4,025,000 item 13. certain relationships and related transactions and director independence related party transactions the disclosures set forth in this report in item 1. description of business regarding the acquisitions of the freedom companies is incorporated by reference into this item 13. certain relationships and related transactions and director independence . 51 during the period from august 25 , 2014 ( inception ) through march 31 , 2015 , ffin issued 100,000 shares and 400,000 share , respectively , to mr. turlov in exchange for capital contributions to ffin of $ 100,000 and $ 400,000 , respectively . at the times such contributions were made mr. turlov was the president , a director and

