Exchange May Drop Pacesetter

NEWPORT BEACH — Officials of ailing Pacesetter Homes Inc. said the company’s stock could be dropped from trading on the Pacific Stock Exchange early next month because its assets may no longer meet the regional exchange’s minimum requirements.

The Los Angeles-based exchange dropped Pacesetter Business Properties Inc. stock from trading earlier this month. The two companies are separate entities but have many overlapping shareholders and officers, including John W. Klug, the chairman and majority owner of both firms.

Pacific Stock Exchange officials are to consider the so-called delisting of Pacesetter Homes’ stock at an Aug. 4 meeting. Diana Waller, Pacesetter Homes’ chief financial officer, said the company will not appeal a decision to drop its shares from the exchange.

Trading would halt as of Aug. 11 if the stock is delisted, she said.

Waller said the company does not have the minimum of $250,000 in net assets required by the regional exchange.

Pacesetter Homes stock also is listed in the National Quotation Bureau Pink Sheets, and Waller said the company is investigating the possibility of listing its stock through the N.A.S.D. Bulletin Board, an electronic system used by brokers.