The company was founded in 1999 and has burnt through more than $100 million since then.
Beulah Farms near Whangarei has 120 cows and more than 100,000 shares in Fonterra.
More than 900 people are owed about $7 million.
KordaMentha's Brendon Gibson said a move by Mach Capital to adjourn today's creditor meeting.
Solid Energy's creditors held their first meeting today.
Action gives hope of more money for North South Finance investors owed $46m.
The Meeting Place of Intelligent Business