From megan@denalifunds.com Mon Aug 4 22:47:29 2008 From: megan@denalifunds.com (Megan Arias) Date: Mon, 4 Aug 2008 16:47:29 -0500 Subject: Denali Asset Mgt. Weekly Est. ROR -0.11% MTD Message-ID: <20080804215058.75BA0758058@smtpauth00.csee.onr.siteprotect.com> This is a multi-part message in MIME format. ------=_NextPart_000_0015_01C8F651.C8A79970 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Through the close of business on Friday August 1, 2008, we estimate that Denali Partners, LP and Denali Offshore Partners, Ltd. are down -0.11% MTD. Please contact me with any questions. Kind regards, Megan Arias Director of Investor Services Denali Investment Group, LLC a subsidiary of Denali Asset Management, LLLP P (773) 685-1733 F (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. ------=_NextPart_000_0015_01C8F651.C8A79970 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

Through the close of business on Friday August 1, = 2008, we estimate that Denali Partners, LP and Denali Offshore Partners, Ltd. are = down -0.11% MTD.

Please contact me with any = questions.

Kind regards,

Megan = Arias

Director of Investor = Services

Denali Investment Group, = LLC

a subsidiary of Denali Asset Management, LLLP

P (773) 685-1733

F (773) 685-1734

megan@denalifunds.com

&nbs= p; = ; = &= nbsp; &n= bsp; &nb= sp;

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.

------=_NextPart_000_0015_01C8F651.C8A79970-- From megan@denalifunds.com Mon Aug 11 20:44:20 2008 From: megan@denalifunds.com (Megan Arias) Date: Mon, 11 Aug 2008 14:44:20 -0500 Subject: Denali Asset Mgt. Weekly Est. ROR +0.53% MTD Message-ID: <20080811194756.A325D1C8068@smtpauth01.csee.onr.siteprotect.com> This is a multi-part message in MIME format. ------=_NextPart_000_0059_01C8FBC0.BD5D4C80 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Through the close of business on Friday August 8, 2008, we estimate that Denali Partners, LP and Denali Offshore Partners, Ltd. are up +0.53% MTD. Please contact me with any questions. Kind regards, Megan Arias Director of Investor Services Denali Investment Group, LLC a subsidiary of Denali Asset Management, LLLP P (773) 685-1733 F (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. ------=_NextPart_000_0059_01C8FBC0.BD5D4C80 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

Through the close of business on Friday August 8, = 2008, we estimate that Denali Partners, LP and Denali Offshore Partners, Ltd. are up = +0.53% MTD.