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    Robert Genovese • BG Capital Group

    Bobby Genovese is the founder and principal at BG Capital Group, where he specializes in private equity investment and growth financing across multiple sectors, with a focus on companies demonstrating scalability and consolidation potential. Through BG Capital Group, Genovese has led investments in firms such as Clearly Canadian and Spectrum Sciences, although his career has been marked by both high-profile deals and controversy over business practices. Launching his entrepreneurial career at age 25, he established BG Capital Group in the early 1990s, building a portfolio that spans North America and the Caribbean and includes ventures in media, hospitality, and natural resources. Genovese does not appear to hold formal securities industry licenses or current registrations with FINRA, but his business achievements center on his ability to identify undervalued assets and drive rapid company growth.

    Robert Genovese's questions to American Resources Corp (AREC) leadership

    Robert Genovese's questions to American Resources Corp (AREC) leadership • Q2 2024

    Question

    Robert Genovese of BG Capital Group asked for a pro forma calculation of American Resources' total asset value, including equipment, the American Metals fairness opinion, and ReElement's valuation, less debt, to establish a net asset value for shareholders.

    Answer

    Chairman and CEO Mark Jensen estimated a total asset value approaching $620 million, comprising approximately $300 million in equipment replacement value, a $170 million fairness opinion for American Metals, and a minimum $150 million valuation for ReElement. After accounting for roughly $50 million in debt, he highlighted a significant disconnect with the current market capitalization, which the company aims to resolve by spinning off its divisions.

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