Item 4.01 Changes in Registrant's Certifying Accountant.
On February 6, 2020, Gadsden Properties, Inc. (the "Company") received a letter
from Friedman LLP ("Friedman") resigning as the Company's principal accountant
to audit the Company's financial statements. Friedman was engaged by the Company
on August 2, 2019 following the Company's dismissal of its previous auditor as
reported on a Current Report on Form 8-K, filed with the Securities and Exchange
Commission on August 8, 2019. The Company is finalizing its engagement of a new
auditor that will replace Friedman and will file another current report on Form
8-K as soon as this new auditor is formally engaged.
During the period of Friedman's engagement until its resignation, there were (1)
no disagreements with Friedman on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedures,
which disagreements, if not resolved to the satisfaction of Friedman, would have
caused Friedman to make reference to the subject matter of the disagreements in
connection with its reports, and (2) no events of the type listed in paragraphs
(A) through (D) of Item 304(a)(1)(v) of Regulation S-K.
The Company furnished Friedman with a copy of this disclosure, providing
Friedman with the opportunity to furnish the Company with a letter addressed to
the Securities and Exchange Commission stating whether it agrees with the
statement made by the Company herein in response to Item 304(a) of Regulation
S-K and, if not, stating the respect in which it does not agree.
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