It has been reported that the shares of Allied Farmers experienced a huge loss in their value and saw more than 1.9 billion shares landing in the share market. This is the first time that something of this magnitude has happened and it is a notable fact that the shares were issued the previous week to United Finance and Hanover Finance who are the former investors.

The company escaped narrowly after somehow managing to secure the necessary 75 per cent support of the investors of United and Hanover Finance to take over the assets of this failing finance company, and the support was given in exchange for the shares involved.

These issued shares were given at an acquisition price of about 20.7c, which is the weighted average price that is considered at a five - day volume, and it is an interesting fact that it accounts for about 98 per cent of the total shares of the group.

It has also been reported, following issues of doubts whether the shares could change hands today, that the allotment notices and the shareholder numbers had been lodged with the NZ Post and also included the Faster Identification Number.