EX-16 3 fex16lt3.txt AUDITORS LETTER Exhibit 16.01 THURMAN SHAW & CO., L.C. Certified Public Accountants James K. Thurman Jeffrey L. Shaw Justin R. Shaw November 20, 2001 To Whom It May Concern: We have served as the auditors for Faraday Financial, Inc. for the period ended March 31, 2001 and 2000. During the audit periods, there have been no disagreements with Faraday Financial, Inc. in regards to accounting principles, financial statement disclosures, auditing scope or procedures. All audit fees have been paid. Sincerely, /s/ Jeffrey L. Shaw, CPA Jeffrey L. Shaw, CPA Thurman Shaw & Co., L.C. 2 THURMAN SHAW & CO., L.C. Certified Public Accountants James K. Thurman Jeffrey L. Shaw Justin R. Shaw November 20, 2001 U. S. Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Re: Faraday Financial, Inc. Ladies and Gentlemen: We have read Item 4 of Faraday Financial, Inc.'s Amended Form 8-K dated November 20, 2001 (Date of earliest event reported: August 8, 2001), and are in agreement with the statements contained in the paragraph therein. Very truly yours, /s/ Jeffrey L. Shaw, CPA Jeffrey L. Shaw, CPA Thurman Shaw & Co., L.C.