Denali Asset Mngt Weekly Est. ROR +.90% MTD

Brad Lenhart brad@denalifunds.com
Tue, 23 Dec 2008 16:01:44 -0400


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Through the close of business on Friday December 19, 2008, we estimate that
Denali Partners, LP and Denali Offshore Partners, Ltd. are up +.90% MTD.

 

Please contact me with any questions.

 

 

 

Kind regards,

 

 

Brad Lenhart

On behalf of Megan Arias

Denali Asset Management, LLLP

5020 Anchor Way 2nd Floor

Christiansted, VI 00820-4633

340-778-7744

 

 

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'>Through the close of business on Friday December 19, =
2008,
we estimate that Denali Partners, LP and Denali Offshore Partners, Ltd. =
are up
+.90% 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'><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=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'>Brad Lenhart<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'>On behalf of <st1:PersonName w:st=3D"on">Megan =
Arias</st1:PersonName></span></font><o:p></o:p></p>

<p class=3DMsoNormal><u1:place><st1:place w:st=3D"on"><font size=3D2 =
face=3DArial><span
 =
style=3D'font-size:10.0pt;font-family:Arial'>Denali</span></font></st1:pl=
ace></u1:place><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> Asset
Management, LLLP</span></font><o:p></o:p></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>5020 Anchor Way 2<sup>nd</sup> =
Floor</span></font><o:p></o:p></p>

<p class=3DMsoNormal><u1:City><u1:place><st1:City w:st=3D"on"><st1:place =
w:st=3D"on"><font
  size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'>Christiansted</span></font><=
/st1:place></st1:City></u1:place></u1:City><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'>, VI
00820-4633</span></font><o:p></o:p></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>340-778-7744</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'>&nbsp;<o:p></o:p></span></font></p>

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

<p class=3DMsoNormal><strong><b><font size=3D2 face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial'>DISCLAIMER:</span></font></b></strong><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;&nbsp;<font color=3Dblack><span =
style=3D'color:black'>&nbsp;</span></font></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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