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8-K/A - FORM 8-K/A-2 - IRONSTONE GROUP INCironstone_8ka2-121412.htm
Exhibit 16.1

December 14, 2012

Securities and Exchange Commission
100 F Street, NW
Washington, D.C. 20549

Ironstone Group, Inc.

We have read the statements included under Item 4.01 of Form 8-KA to be filed by Ironstone Group, Inc.  We agree with the statements made in response to that Item insofar as they relate to our Firm.

Very truly yours,

/s/ Madsen & Associates CPA's, Inc.

Madsen & Associates CPA's, Inc.
Murray, UT 84107