PDNLB Presidential Realty Corporation (CE)

Item 4.01. Change in Registrant’s Certifying Accountant.

On March 27, 2018, Presidential Realty Corporation (the “Company”), was notified that it’s principal independent accountant, Baker Tilly Virchow Krause, LLP (“Baker Tilly”) had resigned its engagement with the Company, effective immediately.

Baker Tilly’s report on the Company’s financial statements for the fiscal years ended December 31, 2016 and 2015 contained no adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles, other than to state that there is substantial doubt about the Company’s ability to continue as a going concern.

During the Company’s fiscal years ended December 31, 2016 and 2015 there were: i) no “disagreements” (within the meaning of Item 304(a) of Regulation S-K) with Baker Tilly on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which disagreements, if not resolved to Baker Tilly’s satisfaction, would have caused it to make reference to the subject matter of the disagreement in connection with its reports on the financial statements of the Company; and (ii) no “reportable events” (as such term is defined in Item 304(a)(1)(v) of Regulation S-K).

The Company has provided Baker Tilly with a copy of the disclosure contained in this Current Report on Form 8-K, and requested Baker Tilly to furnish a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements made by the Company herein and, if not, stating the respects in which it does not agree. A copy of this letter is filed as Exhibit 16.1 to this Current Report on Form 8-k.