Not for Lease, page-51

The $150k was designed to get the auditor off their backs and trading so the 3B mine would be cranked up again. Unfortunately that plan backfired.

To say they can't access the rest of the convertible notes is absolute BS (who would have through that from these guys??).

A trust account could have been set up under the auspices of any independent legal firm. iWorld could nominate the legal/accounting firm and confidently know their funds weren't being squandered; ASX would then be satisfied the funds were there. Suspension lifted.

The only possible explanation for the above never happening is simple; there were no funds apart from the initial $150k.