SPR value definition., page-11

That’s $1.53 RMS shares

You can’t add $1.53RMS shares to 25c SPR shares to equal $1.78 because they have different market capitalisations!/values.

$1.53 rms shares.

0.25c SPR shares

You need to convert the $1.53 rms shares into SPR shares to see the like for like.

$1.53 worth of rms shares is $1.53/$2.2= 0.7 of the market cap=

0.7*2.5B (@$2.2) = 1.75B!!

Now convert 1.75B into the share price equivalent of SPR.

1.75B/ 2B =0.875 ratio

0.875 ratio at*$1.6 (last fridays 2B Mc)= $1.4

$1.4 SPR shares plus 25c per SPR shares = $1.65 c PER SPR share!