The facts I'm going on are simple, Scott saying they value the company at 10x ACMR and the forecast $10m ACMR 6-9 months out.
Where you got your "fact" of 7x who knows, was it Harvey's clarification? Also that $4.8m ACMR is not 'now' it is 3.5 months old, so you haven't allowed for any ACMR growth since End-Sept 2015.
Even at your 7x ACMR valuation makes the SP about $0.85 when we get the updated ACMR exceeding $10m. Your SP valuation now is about $0.40 or ~20% down on today's closing price, so the market seems not to agree with you either.
Anyway, I guess we all have different strategies about when and how many we buy or hold, each to their own.
I was surprised no one has anything to discuss about this new NZX main board entrant.