[denaliweekly]Denali Asset Management Weekly Est. ROR -0.93% MTD

Megan Arias megan@denalifunds.com
Mon, 27 Feb 2006 13:21:01 -0600


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Dear Interested Investors:

 

As of the close of business on Friday February 24, 2006, we estimate that
Denali Partners, LP and Denali Offshore Partners, Ltd. are down -0.93% MTD.

 

Please contact me with any questions.

 

 

Kind 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

                                                                        

 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. 

 


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<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>Dear Interested =
Investors:<o:p></o:p></span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'><o:p>&nbsp;</o:p></span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>As of the close of business on Friday February 24, =
2006, we
estimate that Denali Partners, LP and Denali Offshore Partners, Ltd. are =
down
-0.93% MTD.<o:p></o:p></span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'><o:p>&nbsp;</o:p></span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>Please contact me with any =
questions.<o:p></o:p></span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'><o:p>&nbsp;</o:p></span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'><o:p>&nbsp;</o:p></span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>Kind regards,<o:p></o:p></span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'><o:p>&nbsp;</o:p></span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3D"Arial Narrow"><span =
style=3D'font-size:
12.0pt;font-family:"Arial Narrow"'>Megan =
Arias</span></font><o:p></o:p></p>

<p class=3DMsoNormal><font size=3D3 face=3D"Arial Narrow"><span =
style=3D'font-size:
12.0pt;font-family:"Arial Narrow"'>Director of Investment =
Services<o:p></o:p></span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3D"Arial Narrow"><span =
style=3D'font-size:
12.0pt;font-family:"Arial Narrow"'>Denali Asset Management, =
Ltd.<o:p></o:p></span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3D"Arial Narrow"><span =
style=3D'font-size:
12.0pt;font-family:"Arial Narrow"'>an affiliate of Denali Asset =
Management,
LLLP</span></font><o:p></o:p></p>

<p class=3DMsoNormal><font size=3D4 color=3Dmaroon face=3D"Wingdings =
2"><span
style=3D'font-size:13.5pt;font-family:"Wingdings =
2";color:maroon'>'</span></font><font
face=3D"Arial Narrow"><span style=3D'font-family:"Arial =
Narrow"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u1:phone o_x003a_ls=3D"trans" phonenumber=3D"$6685$$$"><u1:phone =
o_x003a_ls=3D"trans" phonenumber=3D"$6685$$$">(773)
<u1:phone o_x003a_ls=3D"trans" phonenumber=3D"$6685$$$"><u1:phone =
o_x003a_ls=3D"trans" =
phonenumber=3D"$6685$$$">685-1733</span></font></u1:phone></u1:phone></u1=
:phone></u1:phone><font
size=3D4 color=3Dmaroon face=3D"Wingdings 2"><span =
style=3D'font-size:13.5pt;
font-family:"Wingdings 2";color:maroon'> <o:p></o:p></span></font></p>

<p class=3DMsoNormal><font size=3D4 color=3Dgreen face=3D"Wingdings =
2"><span
style=3D'font-size:13.5pt;font-family:"Wingdings =
2";color:green'>7</span></font><font
size=3D2 color=3Dblack face=3D"Arial Narrow"><span =
style=3D'font-size:10.0pt;
font-family:"Arial =
Narrow";color:black'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs=
p;&nbsp;
</span></font><font face=3D"Arial Narrow"><span =
style=3D'font-family:"Arial Narrow"'><u1:phone o_x003a_ls=3D"trans" =
phonenumber=3D"$6685$$$"><u1:phone o_x003a_ls=3D"trans" =
phonenumber=3D"$6685$$$">(773)
<u1:phone o_x003a_ls=3D"trans" phonenumber=3D"$6685$$$"><u1:phone =
o_x003a_ls=3D"trans" =
phonenumber=3D"$6685$$$">685-1734</span></font></u1:phone></u1:phone></u1=
:phone></u1:phone><font
size=3D4 color=3Dmaroon face=3D"Wingdings 2"><span =
style=3D'font-size:13.5pt;
font-family:"Wingdings 2";color:maroon'> </span></font><font size=3D2
color=3Dblack face=3D"Arial Narrow"><span =
style=3D'font-size:10.0pt;font-family:"Arial Narrow";
color:black'><o:p></o:p></span></font></p>

<p class=3DMsoNormal><font size=3D3 color=3Dfuchsia =
face=3DWingdings><span
style=3D'font-size:12.0pt;font-family:Wingdings;color:fuchsia'>,</span></=
font><font
color=3Dfuchsia><span style=3D'color:fuchsia'>&nbsp;</span></font><font
color=3Dfuchsia face=3DWingdings><span =
style=3D'font-family:Wingdings;color:fuchsia'>
</span></font><font face=3D"Arial Narrow"><span =
style=3D'font-family:"Arial Narrow"'><a
href=3D"mailto:megan@denalifunds.com" =
title=3D"mailto:megan@denalifunds.com">megan@denalifunds.com</a></span></=
font><o:p></o:p></p>

<p class=3DMsoNormal><u><font size=3D3 face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp=
;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&=
nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&n=
bsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;
<o:p></o:p></span></font></u></p>

<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=3D3 face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt'>&nbsp;<strong><b><font
face=3D"Times New =
Roman">DISCLAIMER:</font></b></strong></span></font><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> An
investment with Denali Asset Management, LLLP. is risky and only risk =
capital
should be used.&nbsp; Past performance should not be viewed as an =
indication of
future results.&nbsp;</span></font><o:p></o:p></p>

<p class=3DMsoNormal><font size=3D3 face=3D"Times New Roman"><span =
style=3D'font-size:
12.0pt'><o:p>&nbsp;</o:p></span></font></p>

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