To my understanding May and June are key months in this business...

To my understanding May and June are key months in this business and the fact they are trying to buy even though they are doing a good job of getting alot is a favourable sign that perhaps things are running smoothly and with $2-3 in free cash and capped at $7M that's all we need I reckon this new management has already proved they can improve the business and margins. Latest results profits were up about 200% with Revenues up about 10% which is more than the previous result. They've had Revenues over $30M since 2009 we just need to ask ourselves what net profit margin are we likely to get...? Even a 5% NPAT margin would mean a profit of $1.5M capped at $7M looking at a multiple of 5.... Surely it calls for 10+ since its the mend.