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Linius Technologies (ASX:LNU) - CEO, Chris Richardson
CEO, Chris Richardson
Sourced: iTWire
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  • Linius Technologies (LNU) has entered a trading halt to raise some fresh capital
  • The technology company has been quiet over the past few months after a busy March quarter
  • Linius ended the March quarter with around $3 million and 2.1 estimated quarters left of funding
  • It isn’t clear how much LNU will raise or what it will use the money for, but the market will find out by no later than August 2
  • Company shares last traded at 2.1 cents on Wednesday, July 28

Linius Technologies (LNU) has entered a trading halt to raise some fresh capital.

Linius Technologies is a software company which is focused on re-defining the video market, transforming the way the world watches video content and creating value through personalised content.

Company news has been quiet over the past few months with its most recent operational announcement being its March quarterly report.

During that period, the technology stock focused on developing, delivering and commercialising its video technology solutions across various sectors including education, business, sports and blockchain.

One of its key products include “WHIZZARD” which allows businesses, students and teachers to search, compile and share video content from recorded meetings. The product offers efficiency in that it allows users to turn hours of video footage into bite-sized pieces of content that summarises important information.

Linius Technologies ended the March quarter with around $3 million and 2.1 estimated quarters of funding.

It isn’t clear how much LNU will raise or what it will use the money for, but the market will find out by no later than August 2.

Company shares last traded at 2.1 cents on Wednesday, July 28.

LNU by the numbers
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