a refreshingly frank update

The board is cutting their own salaries.

There's frank acknowledgement of failings:
* "your company has lost over $30 million in the last few years ... the Health and associated markets have been growing, yet Konekt is not"
* "Our legacy of Annual Reports and forward looking statements provide a litany of unfulfilled promises"
* the handling of receivables has been poor

I personally think this bodes well for the future, as there's no way to fix problems unless one acknowledges they exist.

Meanwhile, earnings of $390k for the quarter, on revenues of $8.65m, isn't actually a terrible result.