Hi, I'm a newbie to investing but hold a ton of IHL shares,...

Hi, I'm a newbie to investing but hold a ton of IHL shares, bought at an ATH :/

So from what I understand of this process - say I have 10,000 shares on the ASX, once they have converted, I will hold 100 shares on the NASDAQ. Is that right? If so, doesn't that dilute my wealth significantly? Say I was expecting the share price to go to AUD 5. At 10,000 shares, I would have had AUD 50,000 but with 100 shares, I would only have USD500. Is this correct? And if so, isn't it very unfair?