Ann: Q2 2020 Appendix 4C & Commentary, page-90

Fatman
It's pretty obvious the net zero was shutdown as soon as Covid hit revenues in March. That would have been the correct business decision.

What never get's recognized on here is that COVID has been very damaging to Engage and until the US get some control the company will continue to make losses and issue script to pay ZCS as well as some working capital.

Ted has focused very much on maintaining a cash balance for when the recovery comes. This comes at the price of dilution

Net Zero remains a viable option once business normalizes and can be funded.

That wont happen until sometime in 2021 calendar year.

As to how much funding went to net zero i would say less than 1M and this would have been collected by now.

Most of the first drawn down of ZCS funding would have been used for working capital in the dec qtr of 2019.