The Guido shares were issued, according to the question on page 38, at par with no share premium on that issue
The market value of $1.65 at date of acquisition is a market value – it’s nothing to do with Guido and Guido has absolutely NO control over that market value
If I sell my shares in Guido to you immediately before the Ivona takeover and you pay me $1.65 …. how does Guido reflect that transaction?
It doesn’t! That’s a private deal between you and me