According to ET's conversation with the CEO, he feels he could have the 20,000 subscribers quickly if he used debt which he doesnt want to do. Since we are sitting between 6,000-7,000 subscribers, I would figure we see acquisitions doubling that in the next year using just cash from operations.
A debt free cable system is unheard of. Look at the big boys and notice the debt loads they are carrying. Whatever P/E ratio one uses, it is low since we arent nor will we be carring a debt load.