Your order WILL get executed at 1.65. But ONLY if and when the price jumps through that level. So (if) the price jumps from 1 to 10 say, they will take your shares at 1.65.
Works differently with stop-loss sale orders below the market price. So for example if you have a stop-loss order saying sell everythng if the price drops to 80 cents or below, then.... say the price drops from $1 to 30 cents... you would think you would get close to 80 cents. But nooooooooo... you will get close to 30 cents (unless you had put in a limit price).
Been there, done that. Welcome to business as usual on Wall Street.