[denaliweekly]Denali Asset Management Weekly Est. ROR +4.47% MTD

Megan Arias megan@denalifunds.com
Mon, 22 Sep 2003 11:13:16 -0500


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Dear Interested Investors:

As of the close of business on Friday, September 19, 2003, we estimate
that Denali Partners, LP and Denali Offshore Partners, Ltd. are up
+4.47% MTD.
 
Please contact me with any questions.
 
 
Best regards,
 

Megan Arias

Operations Manager and Customer Support

Denali Asset Management, Ltd.

* Phone: (312) 332-7744

7    Fax: (312) 332-0879

* Email: megan@denalifunds.com

 

 


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<DIV><SPAN class=3D781485915-22092003><FONT face=3DArial size=3D2>Dear =
Interested=20
Investors:</FONT></SPAN></DIV><SPAN class=3D781485915-22092003>
<DIV><BR><FONT face=3DArial><FONT size=3D2>As of the close of business =
on Friday,=20
September 19, 2003, we estimate that Denali Partners, LP and Denali =
Offshore=20
Partners, Ltd. are up +4.47% MTD<SPAN=20
class=3D781485915-22092003>.</SPAN></FONT></FONT></DIV>
<DIV><FONT face=3DArial><FONT size=3D2><SPAN=20
class=3D781485915-22092003></SPAN></FONT></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial><FONT size=3D2><SPAN =
class=3D781485915-22092003>Please contact=20
me with any questions.</SPAN></FONT></FONT></DIV>
<DIV><FONT face=3DArial><FONT size=3D2><SPAN=20
class=3D781485915-22092003></SPAN></FONT></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial><FONT size=3D2><SPAN=20
class=3D781485915-22092003></SPAN></FONT></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial><FONT size=3D2><SPAN =
class=3D781485915-22092003>Best=20
regards,</SPAN></FONT></FONT></SPAN></DIV>
<DIV>&nbsp;</DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal align=3Dleft><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">Megan Arias</SPAN></P>
<P class=3DMsoNormal><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial"><EM>Operations Manager and =
Customer=20
Support<?xml:namespace prefix =3D o ns =3D =
"urn:schemas-microsoft-com:office:office"=20
/><o:p></o:p></EM></SPAN></P>
<P class=3DMsoNormal><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Denali=20
Asset Management, Ltd.<o:p></o:p></SPAN></P><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">
<P class=3DMsoNormal><FONT face=3DWingdings color=3Dgray size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: gray; FONT-FAMILY: Wingdings; =
mso-no-proof: yes">(</SPAN></FONT><FONT=20
face=3DWingdings color=3Dred size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: red; FONT-FAMILY: Wingdings; =
mso-no-proof: yes">=20
</SPAN></FONT><FONT face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-no-proof: yes">Phone:=20
(312) 332-7744</SPAN></FONT><SPAN=20
style=3D"mso-no-proof: yes"><o:p></o:p></SPAN></P>
<P class=3DMsoNormal><FONT face=3D"Wingdings 2" color=3Dgreen =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: green; FONT-FAMILY: 'Wingdings 2'; =
mso-no-proof: yes; mso-bidi-font-family: Arial">7</SPAN></FONT><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-no-proof: yes">&nbsp;&nbsp;&nbsp;=20
</SPAN></FONT><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-no-proof: yes">Fax: =
(312)=20
332-0879</SPAN></FONT><SPAN style=3D"mso-no-proof: =
yes"><o:p></o:p></SPAN></P>
<P class=3DMsoNormal><FONT face=3DWingdings color=3D#004080 =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: #004080; FONT-FAMILY: Wingdings; =
mso-no-proof: yes">*=20
</SPAN></FONT><FONT face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-no-proof: yes">Email:=20
<A=20
href=3D"mailto:megan@denalifunds.com">megan@denalifunds.com</A></SPAN></F=
ONT></P></SPAN>
<P class=3DMsoNormal><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><o:p>&nbsp;</o:p></SPAN></P></DIV>
<DIV>&nbsp;</DIV>
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