CBA puts wealth, mortgage broking spin-off on back burner, page-54

."......the company to be valued over $70m. This is quite literally impossible without IAM signing on at least two major financial institutions."

You know that when you say things are "quite literally impossible" when they have already happened before, under weaker circumstances than those which exist today, and could easily happen again, that makes you "quite literally an idiot"

If I could be bothered, I could probably find hundreds of ASX stocks that have been valued at over $100m MC (albeit briefly) with wildly varying revenue figures. In fact, I can name several over $50m with 0 revenue off the top of my head.

CBA contract would be a much bigger deal than you can calculate with your basic maths, but keep enjoying yourself.