Better than I expected to be honest,they have cut costs more...

Better than I expected to be honest,

they have cut costs more than last quarter (from 585k to 333k) although also had a steep decline in already abysmal revenues (11k -> 4k).

Gives them cash position of 1000$ with an oncall drawdown at the end of june at 1.2mil. at this cash burn rate, they could actually see the end of this year and beyond without a CAP raise however they will be using drawdown to pay its own interest.

Assets not listed so I doubt ASX will do anything which is a positive.

"Negotiations to date have seen positive results and
GoConnect is confident of achieving success in the China market in the coming weeks."

this line in a paragraph interested me, it seems as if they are hinting at news but then again they always seem to.

"major media event will be organised by the ACT Government towards the end
of September this year to celebrate the launch of the documentary."

also this seemed of interest, possible revenue upon launch of the documentary? or have they already got revenue from the ACT thingy?

all of this is speculative, still no solid revenue or wifi launch today, still going further into debt but hey, atleast their going slower.