From megan@denalifunds.com Tue Jun 1 16:45:00 2004 From: megan@denalifunds.com (Megan Arias) Date: Tue, 1 Jun 2004 10:45:00 -0500 Subject: [denaliweekly]Denali Asset Management May 2004 Est. ROR -2.70% MTD, +.49% YTD Message-ID: <200406011544.KAA19421@lml104.siteprotect.com> This is a multi-part message in MIME format. ------=_NextPart_000_00BD_01C447C5.7F080D20 Content-Type: multipart/alternative; boundary="----=_NextPart_001_00BE_01C447C5.7F0A7E20" ------=_NextPart_001_00BE_01C447C5.7F0A7E20 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Dear Interested Investors: We estimate that Denali Partners, LP and Denali Offshore Partners, Ltd. are down -2.70% for the month of May 2004. This brings our YTD estimate to +.49%. Attached is our updated track record. Please feel free to contact me with any questions. Best regards, Megan Arias Director of Investment Services Denali Asset Management, Ltd. an affiliate of Denali Asset Management, LLLP ' (773) 685-1733 7 (773) 685-1734 , megan@denalifunds.com ------=_NextPart_001_00BE_01C447C5.7F0A7E20 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable
Dear = Interested=20 Investors:
 
We = estimate that=20 Denali Partners, LP and Denali Offshore Partners, Ltd. are down -2.70% = for the=20 month of May 2004.  This brings our YTD estimate to=20 +.49%.
 
Attached is our=20 updated track record.
 
 
Please = feel free to=20 contact me with any questions.
 
 
 
Best=20 regards,
 
 

Megan Arias

Director of Investment=20 Services

Denali Asset Management,=20 Ltd.

an affiliate of Denali Asset = Management,=20 LLLP

'       = (773)=20 685-1733 

7          =20 (773)=20 685-1734 

,  megan@denalifunds.com

 
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ICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAg ICAgICAgICAgICAgICAgICAgIAogICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAg ICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAg ICAgICAgCiAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAg ICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAKICAgICAg ICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAg ICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIAogICAgICAgICAgICAgICAgICAg ICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAg ICAgICAgICAgICAgICAgICAgICAgICAgCiAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAg ICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAg ICAgICAgICAgICAKICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAg ICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIAog ICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAg ICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgCiAgICAgICAgICAgICAg ICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAg ICAgICAgICAgICAgICAgICAgICAgICAgICAgICAKICAgICAgICAgICAgICAgICAgICAgICAgICAg Cjw/eHBhY2tldCBlbmQ9J3cnPz4NCmVuZHN0cmVhbQ1lbmRvYmoNNSAwIG9iajw8L01vZERhdGUo RDoyMDA0MDYwMTEwNDAwMy0wNScwMCcpL0NyZWF0aW9uRGF0ZShEOjIwMDQwNjAxMTA0MDAzLTA1 JzAwJykvVGl0bGUoTWF5IDA0IEVzdGltYXRlZCBQZXJmb3JtYW5jZSBSZWNvcmQueGxzKS9DcmVh dG9yKFBTY3JpcHQ1LmRsbCBWZXJzaW9uIDUuMikvUHJvZHVjZXIoQWNyb2JhdCBEaXN0aWxsZXIg Ni4wIFwoV2luZG93c1wpKS9BdXRob3IoT3duZXIpPj4NZW5kb2JqDXhyZWYNCjAgNg0KMDAwMDAw MDAwMCA2NTUzNSBmDQowMDAwMDI4MzI1IDAwMDAwIG4NCjAwMDAwMjgzNTggMDAwMDAgbg0KMDAw MDAyODM4MSAwMDAwMCBuDQowMDAwMDI4NDMxIDAwMDAwIG4NCjAwMDAwMzE4NDUgMDAwMDAgbg0K dHJhaWxlcg0KPDwvU2l6ZSA2Pj4NCnN0YXJ0eHJlZg0KMTE2DQolJUVPRg0K ------=_NextPart_000_00BD_01C447C5.7F080D20-- From megan@denalifunds.com Mon Jun 7 14:55:58 2004 From: megan@denalifunds.com (Megan Arias) Date: Mon, 7 Jun 2004 08:55:58 -0500 Subject: [denaliweekly]Denali Asset Management Weekly Est. ROR -.76% MTD Message-ID: <200406071355.IAA01685@lml104.siteprotect.com> This is a multi-part message in MIME format. ------=_NextPart_000_010C_01C44C6D.41113710 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Dear Interested Investors: As of the close of business on Friday June 4, 2004, we estimate that Denali Partners, LP and Denali Offshore Partners, Ltd. are down -.76% MTD. Please contact me with any questions. Best regards, Megan Arias Director of Investment Services Denali Asset Management, Ltd. an affiliate of Denali Asset Management, LLLP ' (773) 685-1733 7 (773) 685-1734 , megan@denalifunds.com ------=_NextPart_000_010C_01C44C6D.41113710 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable
Dear = Interested=20 Investors:
 
As of = the close of=20 business on Friday June 4, 2004, we estimate that Denali Partners, LP = and Denali=20 Offshore Partners, Ltd. are down -.76% MTD.
 
 
Please = contact me=20 with any questions.
 
 
Best=20 regards,
 
 

Megan Arias

Director of Investment=20 Services

Denali Asset Management,=20 Ltd.

an affiliate of Denali Asset = Management,=20 LLLP

'       = (773)=20 685-1733 

7          =20 (773)=20 685-1734 

,  megan@denalifunds.com

 
------=_NextPart_000_010C_01C44C6D.41113710-- From megan@denalifunds.com Mon Jun 14 16:49:00 2004 From: megan@denalifunds.com (Megan Arias) Date: Mon, 14 Jun 2004 10:49:00 -0500 Subject: [denaliweekly]Denali Asset Management Weekly Est. ROR -1.11% MTD Message-ID: <200406141549.KAA19313@lml104.siteprotect.com> This is a multi-part message in MIME format. ------=_NextPart_000_01AC_01C451FD.34BA5920 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Dear Interested Investors: As of the close of business on Friday June 11, 2004, we estimate that Denali Partners, LP and Denali Offshore Partners, Ltd. are down -1.11% MTD. Please contact me with any questions. Best regards, Megan Arias Director of Investment Services Denali Asset Management, Ltd. an affiliate of Denali Asset Management, LLLP ' (773) 685-1733 7 (773) 685-1734 , megan@denalifunds.com ------=_NextPart_000_01AC_01C451FD.34BA5920 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable
Dear = Interested=20 Investors:

As of the close of business on = Friday June 11,=20 2004, we estimate that Denali Partners, LP and Denali Offshore Partners, = Ltd.=20 are down -1.11% MTD.
 
Please=20 contact me with any questions.
 
 
Best=20 regards,
 
 

Megan Arias

Director of Investment=20 Services

Denali Asset Management,=20 Ltd.

an affiliate of Denali Asset = Management,=20 LLLP

'       = (773)=20 685-1733 

7          =20 (773)=20 685-1734 

,  megan@denalifunds.com

 
------=_NextPart_000_01AC_01C451FD.34BA5920-- From megan@denalifunds.com Mon Jun 21 15:08:15 2004 From: megan@denalifunds.com (Megan Arias) Date: Mon, 21 Jun 2004 09:08:15 -0500 Subject: [denaliweekly]Denali Asset Management Weekly Est. ROR -.71% MTD Message-ID: <200406211408.JAA13783@lml104.siteprotect.com> This is a multi-part message in MIME format. ------=_NextPart_000_003F_01C4576F.4C004910 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Dear Interested Investors: As of the close of business on Friday June 18, 2004, we estimate that Denali Partners, LP and Denali Offshore Partners, Ltd. are down -.71% MTD. Please contact me with any questions. Best regards, Megan Arias Director of Investment Services Denali Asset Management, Ltd. an affiliate of Denali Asset Management, LLLP ' (773) 685-1733 7 (773) 685-1734 , megan@denalifunds.com ------=_NextPart_000_003F_01C4576F.4C004910 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable
Dear = Interested=20 Investors:
 
As of = the close of=20 business on Friday June 18, 2004, we estimate that Denali Partners, LP = and=20 Denali Offshore Partners, Ltd. are down -.71% MTD.
 
Please = contact me=20 with any questions.
 
 
Best=20 regards,
 
 

Megan Arias

Director of Investment=20 Services

Denali Asset Management,=20 Ltd.

an affiliate of Denali Asset = Management,=20 LLLP

'       = (773)=20 685-1733 

7          =20 (773)=20 685-1734 

,  megan@denalifunds.com

 
------=_NextPart_000_003F_01C4576F.4C004910-- From megan@denalifunds.com Mon Jun 28 15:05:51 2004 From: megan@denalifunds.com (megan@denalifunds.com) Date: Mon, 28 Jun 2004 09:05:51 -0500 Subject: [denaliweekly]Denali Asset Management MTD. Est. - 0.33% Message-ID: <200406281405.i5SE5pa16361@smapp01.siteprotect.com> Please be advised that we estimate the month-to-date return for Denali Partners, LP and Denali Offshore Partners, Ltd. to be - 0.33%. Sincerely, Michael Strupp ... on behalf of Megan Arias (who is on vacation and will return tomorrow)