RCC Holdings Corp fka RCCH

[martingale]

Dumar the North Carolina project at Pinehurst was PR'd to look like they had $200M+ in rev's but actually they will get 3-6% of that total if Claude Smith's projections are accurate and IF the project goes ahead. Ditto the other PR's as well.

They have stated their rev projections for 2008 at $15M in total back in April or May. No one knows if they can give us any rev's in 2008 at this point with the delays they PR'd. It is really not up to them but rather depends on the developers and what they can do given the current housing melt-down. So, the tide is going out and the question is when will it return?
Some say 2010 and some longer. Just a few thoughts.