Linius CEO explains outlook and tips 0.21c as undervalued.

Chris Richardson, CEO of Linius Technologies (ASX:LNU) says the company is about two months behind on where he would like it to be, but, he added, they have not lost any sales pipeline prospects.

"I am extremely happy with our sales pipeline. The biggest reason for the delay, is while people are blown away by the technology, and want to use video virtualisation, it doesn't exists until we walk in and tell them about it - so they don't have a budget for it and that takes time to sort out."

Speaking shortly after the Linius AGM, he also tipped gambling as a potential vertical and added, that in his opinion, the stock was undervalued at its high of $0.21c. At time of writing, it is trading at $0.063.

Chris Richardson spoke with InsideMarket's Phil Carey

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