All Forum Posts by: Artur Madej

Originally posted by @Doreen Kose:

I also just keep hearing the sales talk. Supposably they already broke ground on the Hemet, CA factory. I may just drive by to check it out....any idea how you can do some more digging into the company finances? Also, should I do the feasibility study with them and then decide to either go normal stick built or with another modular company, anyone any input if that is a relatively easy switch?

Doreen - if it's convenient for you it would be fantastic if you could take a physical look at the site. I think this would put a lot of questions to bed. Right now it's all marketing and PR. Marketing is in Brian Kuzdas's (S2A CEO) DNA. A cursory search for his achievements show him to be a real estate educator, realtor, marketeer etc. I don't see anything demonstrating a caliber and skill set of being able to run a venture of this magnitude. Their stated goals are on a totally different level to his past history.

The Hemet, CA location was purchased in May 2019 for 300k. I don't see how the factory can be in production by 2021 if you take into account design, permitting, site prep, construction etc. That alone will probably take 3 years. I built a medical office in an approved location and that process alone took 4 years. 
Why build from scratch anyway? I would think that it would be much cheaper and quicker to find an empty building and start operations from there. Building something from scratch is a huge time waste and resource hungry.
I looked at the Riverside county website to see if there was any permit information available but the site is not easy to navigate. Has anyone talked to S2A to get an update on status? A paper trail - other than a conversation - would help tremendously with our DD. 

Mauricio,

Agree and thank you for the update on the funding.

It's always tough making the go/no go decision. There's so much money sitting on the sidelines these days waiting for a good investment.

Thanks Mark.

For sure not I would not have invested in Dish, Apple or Microsoft - had they started out of the garage in 2020. But they started in the 1980's (?) when technology was nascent, norms and operating procedures totally different. Now we live in the modern age where competition is much fiercer and tech tools at our disposal enable us to move at lightning speed and crash at lightning speed. We have co-location offices and higher technical standards - all priced very modestly. I wish S2A the very best; I'm just giving my personal feedback on what I experienced less than 12 months ago.

Hi Raisa,

No, I don't know of any factories per se but I do have direct knowledge of some of the individuals that were involved in the Orlando venture (that I evaluated) and they were genuine. The problem there was with the leadership and their insatiable appetite for easy funding. How big a community are you considering? There is a community somewhere close to Sarasota that is powered by solar panels. I forgot the name but it you search with the right keywords I am sure you will find them. They could be a good starting point for you.

Please do your DD carefully. There are many companies out there offering similar solutions and ideas. I almost invested in a near identical scenario in Orlando a few years back. I listened to this particular webinar and it was a deja-vu experience, it was surreal. The company I evaluated in orlando claimed to be able to build "ecco homes" using pre-fabricated pieces with solar panels. They actually had a production line set up and I visited it. The concept was brilliant and exciting. The numbers looked too good to be true. However, I'm a seasoned investor and business man and have learnt over the years to be very skeptical of people with grand visions but not much of a track record, but great presentations. The company that I was seriously considering folded within a few months and there were accusations of nepotism, embezzlement, usurping of projects... the list goes on. Needless to say the house of cards collapsed and not a single house was built. I believe they are mired in lawsuits now. But oh my, what a great sales pitch they had!

Now... take a look at the webinar and look between the PR fluff. The tech guy knows his stuff but does the webinar from a bedroom with the bed right behind him. What professional person does that ? I get it that we are in a Covid induced environment and we are all working from home.... but how can you possibly think that is a positive image that gives the audience comfort? What does it say about his judgement?

A quick google search shows for S2A shows the following:

S2A Investments 2, LLC raised $300,000 from 2 investors on 2020-06-08.

S2A Investments 2, LLC Filings

Date	Filing Type	Offered	Sold	Remaining	Min. investment	Invest. count	Exemption / Exlusions
2020-06-08	New Form D	$15,000,000	$300,000	$14,700,000	$150,000	2	06c	[SEC Filing]

S2A Investments 2, LLC raised $300,000 in total.

So they managed to get 300k by mid June.
Look up the registered address for the LLC



This is where their registered office is.

Do you really want to send your 150k investment here?
Do you really believe it will be worth 2m in 5 years?

Now... they many be legit and I may be watering the wrong tree..BUT... I could write a book on all the shenanigans and screws up I have seen in my 30 years of adult life in a business setting. In reading some of the innocent comments from fellow investors I felt very strongly in posting this comment. I've seen this play out - in a bad way - too many times.

Proceed with great caution.