I might not be the most qualified to comment, still learning the art 
Anyhow, to answer you from my viewpoint, for such small companies, it depends upon your destination – if you are looking at long term, returns like 10x or 50x in say 10 or 20 years, the buying valuation is not as important as we think. 10x is 1000% total returns, a difference of 25% or even 50% here will not be of a great deal.
Just to take a random example:
300Rs stock doing 50x in 20y is 22% cagr.
But same stock bought at 600Rs, cagr will still be 18%.
This is assuming the microcap in question is capable of pulling a long haul – buying right – which is a different topic in itself.
However if you are looking at short/medium term, returns like 50% or 100%, then yes, you must buy it cheap. Especially because we cant say whether the particular stock or market will fall in near term.
I have not bought Focus yet, not waiting for price correction but mainly to know more details about the concerns i have, which I mentioned earlier in the thread like corp structure, market leadership claims and so on.
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