Ann: IHL files Form F-1 registration statement with SEC, page-52

We should not forget that this is just a starting point.
The U.S. investors go bananas with IPO's

(Extract from Prospectus package)
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Each US$1.00 increase (decrease) in the assumed initial offering price of US$ per ADS, after giving effect to the ADS-to-ordinary share ratio of 1-to-50, would increase (decrease) the net proceeds to us from this offering by approximately US$ million, assuming the number of ADSs offered by us, as set forth on the cover page of this prospectus, remains the same and after deducting underwriting discounts and commissions and estimated offering expenses payable by us. Similarly, an increase (decrease) of 1,000,000 ADSs offered by us would increase (decrease) the net proceeds to us by US$ million, assuming the assumed initial public offering price of US$ per ADS, after giving effect to the ADS-to-ordinary share ratio of 1-to-50, remains the same and after deducting underwriting discounts and commissions.
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On that basis I think it reasonable to assume for the small size of the IPO that it will be over-subscribed and may well exceed all expectations.

So we will have $20M plus from the IPO, $10M in cash already held approx and $40M from Dr Suds oppies? Correct??