The story of reinforced reality start Meta seemed to be in the end, but there are new developments that are developing in real time, which can either sink Meta deeper into problems or give a tough lifeline for the coated reinforced reality.
On Thursday, the judge who oversaw the patent infringement case between Genedics, LLC and Meta submitted a new verdict, and it has potentially great consequences.
As we reported on Wednesday, Meta's massive law team withdrew from the case in November. The judgment then ordered Meta to find new advice to continue the case. An update of the status of Meta's legal representation was expected during the first days of January.
But instead of installing a new law on behalf of Meta, Genedics shared a note with the court in which Meta's chief financial officer, John Sines, claimed that Meta simply did not have the resources to retain legal counsel or provide a settlement bid to Genedics.
Now, the judge in the case, Judge Christopher J. Burke, has given Meta until January 24 to give court with legal representation on its behalf or has a convicted judgment against the company. Translation: If Meta does not come up with a new team on the judge's date, they would automatically lose the case from Genedics.
And since the court's new application says "A business entity cannot participate in this trial without advice", it seems that Meta's financial problems will not suffice to somehow stop the legal process from advancing.
Meanwhile, Mesta's founder has told us that the company is not done yet.
Having traveled to Singapore in recent weeks, for uncertain reasons, and then returning to participate in CES, Meta founder and CEO Meron Gribetz appeared in good spirits as he was photographed and tried on the new Nreal Light headset.
According to a spokesman who communicates on behalf of Meta, Gribetz is working to acquire new means to get Meta back from the brink. And if it is successful, Meta can get an announcement of some species as soon as next week.
However, it is unclear how new funds would repair Meta's situation given that the CFO has gone on record to state that "Meta Company lenders are exercising their remedies as first priority secured lenders and foreclosed and sold all assets to a third party in a UCC foreclosure sale at a value during the outstanding loan amount and the Meta Company is insolvent . "
We then dug a bit more and also found "meta-canada.myshopify.com", which also offers the AR unit for sale, probably from a Canadian arm in the company. But when the next reality contacted Meta's spokesman, the representative confirmed that "Meta EU" Shopify shop is not related to Meta.
The timing of the appearance of the stores is also odd. A search for previous versions of the sites on Archive.org reveals that the Canadian version appeared September 29, 2018, shortly after Metas furlough event on September 10 and the EU version of the store appeared on January 10, one day after Next Reality published its previous Meta story on January 9th.
We called and emailed a number of contacts at Shopify to ask why the probably unauthorized stores had to accept credit card purchases for the device (a fact we confirmed by reviewing the process, except final payment). None of Shopyy's legal, media, support or senior staff responded to our direct inquiries about information.
Does anyone run an unauthorized operation to sell Meta 2 devices on Shopify? Or is it something else? Before Shopify, or another party, gives more answers, we can't be safe.
As far as Meta's fate is concerned, it is obvious that Gribetz believes that the company's history is not over. But if next week delivers new information or not, the patent court has guaranteed that we will know more at the end of this month.