[denaliweekly]Denali Asset Management Weekly Est. ROR -0.39% MTD
Megan Arias
megan@denalifunds.com
Mon, 26 Jul 2004 11:45:44 -0400
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Dear Interested Investors:
=20
As of the close of business on Friday July 23, 2004, we estimate that
Denali Partners, LP and Denali Offshore Partners, Ltd. is down -0.39%.
=20
Please contact me with any questions.
=20
=20
Best regards,
=20
Megan Arias
Director of Investment Services
Denali Asset Management, Ltd.
an affiliate of Denali Asset Management, LLLP
' (773) 685-1733=20
7 (773) 685-1734=20
, megan@denalifunds.com
=20
=20
DISCLAIMER: An investment with Denali Asset Management, LLLP. is risky
and only risk capital should be used. Past performance should not be
viewed as an indication of future results. =20
=20
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<DIV><SPAN class=3D281052515-26072004><FONT face=3DArial><FONT =
size=3D2><SPAN=20
class=3D046114315-26072004>Dear Interested=20
Investors:</SPAN></FONT></FONT></SPAN></DIV>
<DIV><SPAN class=3D281052515-26072004><FONT face=3DArial><FONT =
size=3D2><SPAN=20
class=3D046114315-26072004></SPAN></FONT></FONT></SPAN> </DIV>
<DIV><SPAN class=3D281052515-26072004><FONT><SPAN=20
class=3D046114315-26072004></SPAN><FONT face=3DArial><FONT =
size=3D2><SPAN=20
class=3D046114315-26072004>As of the close of business on Friday =
July 23,=20
2004, we estimate that Denali Partners, LP and Denali =
Offshore Partners,=20
Ltd. is down</SPAN> -0.39%<SPAN=20
class=3D046114315-26072004>.</SPAN></FONT></FONT></FONT></SPAN></DIV>
<DIV><SPAN class=3D281052515-26072004><FONT><FONT face=3DArial><FONT =
size=3D2><SPAN=20
class=3D046114315-26072004></SPAN></FONT></FONT></FONT></SPAN> </DIV=
>
<DIV><SPAN class=3D281052515-26072004><FONT><FONT face=3DArial><FONT =
size=3D2><SPAN=20
class=3D046114315-26072004>Please contact me with any=20
questions.</SPAN></FONT></FONT></FONT></SPAN></DIV>
<DIV><SPAN class=3D281052515-26072004><FONT><FONT face=3DArial><FONT =
size=3D2><SPAN=20
class=3D046114315-26072004></SPAN></FONT></FONT></FONT></SPAN> </DIV=
>
<DIV><SPAN class=3D281052515-26072004><FONT><FONT face=3DArial><FONT =
size=3D2><SPAN=20
class=3D046114315-26072004></SPAN></FONT></FONT></FONT></SPAN> </DIV=
>
<DIV><SPAN class=3D281052515-26072004><FONT><FONT face=3DArial><FONT =
size=3D2><SPAN=20
class=3D046114315-26072004>Best=20
regards,</SPAN></FONT></FONT></FONT></SPAN></DIV></DIV>
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<DIV class=3DSection1>
<P class=3DMsoNormal><SPAN style=3D"FONT-FAMILY: 'Arial Narrow'">Megan=20
Arias</SPAN></P>
<P class=3DMsoNormal><SPAN style=3D"FONT-FAMILY: 'Arial =
Narrow'">Director of=20
Investment Services<o:p></o:p></SPAN></P>
<P class=3DMsoNormal><SPAN style=3D"FONT-FAMILY: 'Arial Narrow'">Denali =
Asset=20
Management, Ltd.<o:p></o:p></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DGramE><SPAN class=3Dgrame><SPAN=20
style=3D"FONT-FAMILY: 'Arial Narrow'">an</SPAN></SPAN></SPAN><SPAN=20
style=3D"FONT-FAMILY: 'Arial Narrow'"> affiliate of Denali Asset =
Management,=20
LLLP</SPAN></P>
<P class=3DMsoNormal><SPAN=20
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13.5pt"><st1:phone=20
phonenumber=3D"$6685$$$" o_x003a_ls=3D"trans">(773) </SPAN><st1:phone=20
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title=3Dmailto:megan@denalifunds.com=20
href=3D"mailto:megan@denalifunds.com">megan@denalifunds.com</A></SPAN></P=
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<P class=3DMsoNormal=20
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auto"><STRONG><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-no-proof: =
yes">DISCLAIMER:</SPAN></STRONG><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-no-proof: yes"> An =
investment=20
with Denali Asset Management, LLLP. is risky and only risk capital =
should be=20
used. Past performance should not be viewed as an indication of =
future=20
results. </SPAN><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Arial"> </SPAN><SPAN=20
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