From megan@denalifunds.com Mon Dec 7 22:42:40 2009 From: megan@denalifunds.com (Megan Arias) Date: Mon, 7 Dec 2009 16:42:40 -0600 Subject: Denali Asset Mgt. Weekly Est. ROR -0.50% MTD Message-ID: <20091207224243.919C3758058@smtpauth00.csee.onr.siteprotect.com> This is a multi-part message in MIME format. ------=_NextPart_000_02F1_01CA775C.4AC76AC0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_02F2_01CA775C.4AC76AC0" ------=_NextPart_001_02F2_01CA775C.4AC76AC0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Through the close of business on Friday December 4, 2009, we estimate that Denali Partners, LP and Denali Offshore Partners, Ltd. are down -0.50% MTD. Please contact me with any questions. Kind regards, Megan Arias Director of Investor Services 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. The information transmitted is intended solely for the individual or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of or taking action in reliance upon this information by persons or entities other than the intended recipient is prohibited. If you have received this email in error please contact the sender and delete the material from your computer (s). All incoming and outgoing e-mail is reviewed and archived by Denali Asset Management, LLLP. and may be produced at the request of regulators or in connection with civil litigation. Denali Asset Management, LLLP accepts no liability for any errors or omissions arising as a result of transmission. ------=_NextPart_001_02F2_01CA775C.4AC76AC0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

Through the close of business on Friday December 4, = 2009, we estimate that Denali Partners, LP and Denali Offshore Partners, Ltd. are = down -0.50% MTD.

 

Please contact me with any = questions.

 

 

 

Kind regards,

 

Megan = Arias

Director of = Investor Services

 

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. 

 

The information transmitted is intended solely for the = individual or entity to which it is addressed and may contain confidential and/or = privileged material. Any review, retransmission, dissemination or other use of or = taking action in reliance upon this information by persons or entities other = than the intended recipient is prohibited. If you have received this email in = error please contact the sender and delete the material from your computer = (s). All incoming and outgoing e-mail is reviewed and archived by Denali Asset Management, LLLP. and may be produced at the request of regulators or in = connection with civil litigation. Denali Asset Management, LLLP accepts no = liability for any errors or omissions arising as a result of = transmission.

 

------=_NextPart_001_02F2_01CA775C.4AC76AC0-- ------=_NextPart_000_02F1_01CA775C.4AC76AC0 Content-Type: image/png; name="image001.png" Content-Transfer-Encoding: base64 Content-ID: iVBORw0KGgoAAAANSUhEUgAAAQcAAAEPCAIAAADAmpadAAAAAXNSR0IArs4c6QAAAAlwSFlzAAAO wwAADsQBiC4+owAAEHFJREFUeF7tnVuMVtUVxwdFOqkaHAxTKg88CEaK5VJeNOWBmtqkYE1sY0p4 oGnTMg88ALbRaKVEiDSkiYr1wVubVNMaYzSxGk1MwPRCSNOI0EkhQXwwEVIhASoxTMSELjItPfPx Xc5eZ599Wfvnq/uy1m+tP99/zne+vadduHBhiP8gAIEKgSugAQEIdBBAFbQEBDoJoAp6AgKogh6A wCAC06p/bb8+fNug8fx/CJgl8J2JfZO54aDM1pjE1ARQhRodE80SQBVmS0tiagKoQo2OiWYJoAqz pSUxNQFUoUbHRLMEUIXZ0pKYmgCqUKNjolkCqMJsaUlMTQBVqNEx0SwBVGG2tCSmJoAq1OiYaJYA qjBbWhJTE0AVanRMNEsAVZgtLYmpCaAKNTommiWAKsyWlsTUBFCFGh0TzRJAFWZLS2JqAqhCjY6J ZgmgCrOlJTE1AVShRsdEswRQhdnSkpiaAKpQo2OiWQKowmxpSUxNAFWo0THRLAFUYba0JKYmMOWc WfUqTISAJQJ8VliqJrn4IYAq/HBkFUsEUIWlapKLHwKowg9HVrFEAFVYqia5+CGAKvxwZBVLBFCF pWqSix8CqMIPR1axRABVWKomufghgCr8cGQVSwS4WdhSNcmlEQFuFm6Ej8m2CeCgbNeX7DQEUIWG GnNsE0AVtutLdhoCqEJDjTm2CaAK2/UlOw0BVKGhxhzbBFCF7fqSnYYAqtBQY45tAqjCdn3JTkMA VWioMcc2AVRhu75kpyGAKjTUmGObAKqwXV+y0xBAFRpqzLFNAFXYri/ZaQigCg015tgmgCps15fs NARQhYYac2wTQBW260t2GgKoQkONObYJoArb9SU7DQFUoaHGHNsEUIXt+pKdhgCq0FBjjm0CqMJ2 fclOQwBVaKgxxzYBbhZOpb5nPzr+z1//5tadW1IJqOA4+KxIpfgHHn705K43P3z7nVQCKjgOVJFE 8Y+++saZF/ZKKIe37Dp36nQSMRUcBKqIX3zxTofXPjIZx/mDHx966nfxYyo7AlQRv/7inapBHN/2 0okD4/HDKjgCVBG5+Je8UzWO/WNbPj83ETmygrdHFTGLX/VO1TjERx187KmYkZW9N6qIWf8O74SP ilmMyt6oIlohunonfFS0eqCK6Ojl8evRnc/1DwMfFatMfFbEIX9w55PS9AP35nnUQERtDOBm4Tao Dlhz9sZV8jV2zY2v+ursadOu+OwfgyVUc0GG9SLAzcLReuOL37zpzJ6/19/+/PjJa25dVH88I5sT wEE1Z+i2wowbZkujO8059cye69ff7jSFwU0IoIom9Jzninc68/zF951c//tk3/iMxV9yncV4HQFU oeOmmeXqnap74KM0xLVzUIWWnPs8hXeqboKPckeunIEqlOBcp6m9U3UjfJQrdt14VKHj5jariXfq 8FEzVy5325vR7gRQhTsz9xkNvVN1w5NPvDmyboV7CMxwIIAqHGDphi54drPuuVOv7SaOnZixdI4u GGbVIYAq6lDSj7l61aL599yln99t5rndR27evtHvmqxWJYAq2u2HZTsfmD487H2PeXesHN202vuy LDhJAFW02AninUYW3NjSBkvu24CPaoktqmgJ7JC0rHfvVI11eNYIPqql4qGKlsAOLXt6exveqRou Pqql4qGKVsDO3bpmdMktrSw9dVF8VBuQUYV/quKdFm8e879utxXxUW1wRhX+qQbwTvgo/2WrrIgq POMN5p2qceOj/FYRVfjkGdI78TzKZ+WmroUqfLIN7J3wUT6Lh4Nqg2YU74SPaqOUfFb4oRrLO3X4 qBvv/7GffMpeBVX4qX9E71RNYP7dq6/jPfPGJUUVjREODUX3TtUclm6910NKZS+BKprWX47eCPad XZ1Yr5375YUvPlRnJGN6EUAVTXtDjjBr+30n1xDFR137PX7I6ort/+NRhZ6dzJTDy+TojUZLtDX5 QlsLF7AuNwvriyzXEf157YZP3zp06XzSXmu9PnybfptuM+vsuPAPP5//3Tv97lvIanxW6Av9/suv iST081ueKTdQyl1KLW9ic3lUoazr6SMfHF3/uHJyqGl97lIKFUKW+6AKTdnEO713/w7NzLBz5A5v uVEp7J4WdkMVmiom7p2qKeGjFAVGFc7QsvBO1azwUa41RhVuxHLxTtWs8FFuNebkG1deGXknfJRr cS+N57PCAV123gkf5VDdylBUUZdbjt4JH1W3ulPHoYq63DL1TtX05IZvuee7bsIFj+Nm4VrFl8Px Tz//115D67x/UWub2oPUO1637ut+D0ivHXIGA7lZ2KFI8q64HI7vMCHhoSIJuXUp4QCTCA0HNbgM cr2QHI4/eFwmI+S2b7l7KZNg44SJKgZwF+8k1wvFKU47u8p1rHL3UjtrG1kVVQwopBnvNOV5FD6q b9lRRT88YsEteacpwsBH9a48qujJRn7keXKXKe9UTRUf1eefQ1TRB47xH3nyPKpX7VFFdzLinc6+ st/IH4+90+B5VFc2qKILFtveCR818B87VNEVkXHvxPOo/sJAFZ18CvFOPI/ir+2Bn5n/HVCOd8JH oYq6qhgaKsg74aN4BjVYGAV6pw4fJe9BDsZUwAj+rijaO3X4KDkzt4CeH5wiqrjEqFDvVO0ROTNX Ts4d3DXWR6CKixUu3DtVm/yTfeP4KFQxVOZzp17/3Mv7UfgoVCHtgXeaohF8VOmqwDt1/dAo3EcV rQr5oaa8Hmf9T0dNfoX7qKJVIT/UlPJruqaAOSX7qHJVId6JM2D6q7tYH1WoKvBOdT7tivVRhaoC 71RHFTKmTB9VoirwTjUlMTmsQB9V3B2qctDqn779w/MHP3bqjP6D1edbqmMIvOMNv/j+8gc3qaPN bmJxnxUHdz7pVxLZlVwR8PFtL504MK6YmOmU4lRh+DCbVltw/9iWVtdPavHiVJEU/YyCKeoDFlVk 1JmEGogAqggEmm0yIoAqMioWoQYigCoCgWabjAigioyKRaiBCKCKQKDZJiMCqCKjYhFqIAKW71Cd u3XN1x7Y2AHy9eHbvKMN/P6FxB9+x8s3nZB3Z1b96LMD//LOM9aC9u9QnbF0zuLNY7H4lrDv8KyR m7d3/qNjI3GzDmrZ09unDw/bKFKyWcy7Y+XoptXJhqcOzKYqxDuNLrlFDYWJ9QksuW+DfCzXH5/F SIOqwDuF7DyTPsqgKvBOIVUhe9nzUdZUgXcKLInJ7cRHRdm3pU1NqUIOSOW5U0uN0n9Z8VELX3wo ytZtbGpKFXJAKs+d2uiSOmvOv3u1nNhbZ2T6Y+yoQo6YlwMp0iduOkIjJ/YaUYV4JzmKwnTDZZCc 3FAu56dkEOigEI2oQrwTZ2MOqnWI/y8/izfgoyyoYmTdCrxTiJavu0f2Pip7VYh3mjh2om69GNc+ AQM+KntVzFy5/NzuI+3Xmh0cCOTuo/JWhXink0+86VAuhoYjkLGPylgVeKdwHe6+U9Y+KmNV4J3c ezXojHx9VK6qwDsFbXD9Zln6qCxVgXfSd2nYmZn6qCxVgXcK29uNdsvRR+WnCrxToyaNMzkzH5WZ KvBOcbq62a7Z+ajMVIF3ataf0WbLveZyQ2e07R03zkkVeCfH4iY0XN7dlBs6EwqobyjZqALvlEtL 9YpTbjfP5T3zbFSBd8pdFRJ/Lj4qD1XgnQxIQlLIxUflcbPwX37yszMv7K3TGSkcwHp5nN4Pt806 zcV/3DHvW9+oU81YYzL4rDj66hs1JRELIvs6ETi8ZZfceu40JfDg1FVx9qPjh9c+EhgK27VKQK5j lVvPW92i4eKpq+LAw482zJDpCRKQ10A+fPudBAObDClpVeCdku2b5oGl7KPSVQXeqXnnpbxCyj4q XVXgnVLuaS+xJeujElUF3slL26W/SJo+KkVV4J3S72ZfEabpo1JUBd7JV89lsY74qGN7/5ZUqMmp Au+UVH+ECWb83l9+fm4izF51dknrZmE5ovTsK+/WibvXmKxfhaifuL00ZyVwpHyyNwtn9lPG+n3M yP4E5KRguWshEUoJOSh5+V5+ypgIF8IIT0DuWpBf0YTf9/IdU1GFeCf5qysFIsQQi4C8Zy43LsTa vbpvKqq48mpujE+hHyLHkIiPSkIV4p3k54uRC8L2aRBIwUfFV4Uc/SA/XEyjIkQRn0AKPiq+KuTo By7vit+MKUUQ3UdFVgXeKaVuTCiWuD4qpirwTgm1YWKhxPVRMVWBd0qsFdMKJ6KPiqaKBc9u5rlT Wm2YXjQXfdTSOeHjiqOKq1ctmn/PXeGzZce8CIiPWvb09vAxx1HFsp0PTB/ma7vw5c5vx9Elt8zd uiZw3BFUId5pZMGNgfNku3wJfGVsXWAfFVoVeKd8uzNW5MOzRm7evjHk7qFVgXcKWV0ze827Y+Xo ptXB0gmqCrxTsLra22jJfRuC+ahwqsA72evUkBmF9FHhVIF3CtlDJvcK5qMCqUIervHcyWSnBk4q jI8KoQqxg4s3jwXGx3YmCYTxUSFUIV9P8p2dyR6NklQAH9W6KsQ7ydeTUfCxqVUCbfuodlWBd7La l3HzattHtasKvFPc7jG8e6s+qkVV4J0MN2UKqbXno9pShRx3xXOnFFrHcAzt+ai2bhZ+d8fjyx/c 1L8k3u/ble3sHcDalWEhadYp6OkjH4zc5PkV7FY+K04cGD++7SXD/0qRWjoE3rt/h/dg/KtCjlzf P7bFe6AsCIGuBD5965Dc7uAXjn9VHHzsKbnAxm+UrAaBPgTkRna5H8sjIs+qwDt5rA1L1Sfg934s n6rAO9WvIiP9Ejjzwl6PPsqnKg799vd4J7/FZrX6BDz6KG+qkAdkH/70ufo5MBIC3gn48lF+VCHe qY0HZN6psaBtAr58lB9VvP/ya/KAzDZxssuCgBcf5UEV4p2Orn88C2QEWQKB5j6q6c3C8r7TlbNn ntt95HLcvJVwiYn3d1tg25+t3AChuGbR283CM1cu7yqJEv5NIsdkCYgk5P5RdXiNHNTIuhUnn+Di UzV8JrZKQH93u14V4p0mjp1oNS0Wh4CagNzdLj5KN12vCryTjjizghFQ+yilKvBOwUrLRk0I6O5x 16gC79SkTswNSUDu01L4KI0q8E4h68peDQnIbe5yL6nTIs6qwDs58WVwdAJyjZjcS+oUhpsq8E5O cBmcCAFXH+WmCrxTImUmDFcCTj7KQRXyZSHf2bkWg/GJEHDyUQ6qGBrSf1mYCBrCKJlAfR9VVxXy eEu+LCyZKbkbIFDTR9VSxUXvtIv3nQx0Rekp1PRRtVSBdyq9mwzlX8dHDVYF3slQS5DKRQIDfdQA VeCd6CN7BAb6qIGfFTx3stcVZDTU30f1UwXeifYxTKCPj+qpCryT4YYgNSHQx0f1+azAO9E8xgmI j7p+/e2XJ9ldFXgn4+1Aev8j8Mm+cXnntYNHF1XgneiZcgiIj7rm1kWDVcF3duX0BJkKgVPP7Onw UZ2fFXgnGqVAAh0+aooq5Id8vO9UYE+QcoePmnKi5u47f/CFG0Z9Mbpq1sz+S50/9W9fe11ap5BN C0lTyhoy0xXP/Gqykdq6Wdh7u7MgBIIRGPjGR7BI2AgCqRBAFalUgjjSIYAq0qkFkaRCAFWkUgni SIfAfwBYeMLDzG3QOgAAAABJRU5ErkJggg== ------=_NextPart_000_02F1_01CA775C.4AC76AC0 Content-Type: image/jpeg; name="image002.jpg" Content-Transfer-Encoding: base64 Content-ID: /9j/4AAQSkZJRgABAQEAYABgAAD/2wBDAAoHBwgHBgoICAgLCgoLDhgQDg0NDh0VFhEYIx8lJCIf IiEmKzcvJik0KSEiMEExNDk7Pj4+JS5ESUM8SDc9Pjv/2wBDAQoLCw4NDhwQEBw7KCIoOzs7Ozs7 Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozv/wAARCABGAEQDASIA AhEBAxEB/8QAHwAAAQUBAQEBAQEAAAAAAAAAAAECAwQFBgcICQoL/8QAtRAAAgEDAwIEAwUFBAQA AAF9AQIDAAQRBRIhMUEGE1FhByJxFDKBkaEII0KxwRVS0fAkM2JyggkKFhcYGRolJicoKSo0NTY3 ODk6Q0RFRkdISUpTVFVWV1hZWmNkZWZnaGlqc3R1dnd4eXqDhIWGh4iJipKTlJWWl5iZmqKjpKWm p6ipqrKztLW2t7i5usLDxMXGx8jJytLT1NXW19jZ2uHi4+Tl5ufo6erx8vP09fb3+Pn6/8QAHwEA AwEBAQEBAQEBAQAAAAAAAAECAwQFBgcICQoL/8QAtREAAgECBAQDBAcFBAQAAQJ3AAECAxEEBSEx BhJBUQdhcRMiMoEIFEKRobHBCSMzUvAVYnLRChYkNOEl8RcYGRomJygpKjU2Nzg5OkNERUZHSElK U1RVVldYWVpjZGVmZ2hpanN0dXZ3eHl6goOEhYaHiImKkpOUlZaXmJmaoqOkpaanqKmqsrO0tba3 uLm6wsPExcbHyMnK0tPU1dbX2Nna4uPk5ebn6Onq8vP09fb3+Pn6/9oADAMBAAIRAxEAPwCp4h8V a9beJNSgh1m6jijupFRFkwFAY4ArO/4THxF/0HLz/v7XV6z8QZLLW760Gg6bL5Fw8e90+ZsEjJ96 p/8ACy5P+hd0r/vioPraanyL9ytu6/yMD/hMfEX/AEHLz/v7R/wmPiL/AKDl5/39rf8A+Flyf9C7 pX/fFH/Cy5P+hd0r/vig0tP/AJ8L71/kYH/CY+Iv+g5ef9/aP+Ex8Rf9By8/7+1v/wDCy5P+hd0r /vij/hZcn/Qu6V/3xQFp/wDPhfev8jA/4THxF/0HLz/v7R/wmPiL/oOXn/f2t/8A4WXJ/wBC7pX/ AHxR/wALLk/6F3Sv++KAtP8A58L71/kdB4C1nUtQ0OaW7v5p5BcsoZ3yQNq8fqaK0PCPiZtZ0qW4 Om2lttnKbIVwDhVOfrzRVI8DEp+1leFjm9Z/4V9/bd99tOp/avtD+dszt37jnHtmqX/FtPXVf1q7 rPw9lvtbvrsa7psQnuHk2O53Lkk4PvVP/hWk3/Qw6V/38NSerTnQ5FerL73/AJCf8W09dV/WgD4a k4H9q/rS/wDCtJv+hh0r/v4as6N4PtdOvdTNxfW9/Naae8qCDJVGYEAknvgHFBTnRSbjVk/n/wAA ybSTwK95drd2+oxW6MPszpIWLr33Dtzz+NXP+Laeuq/rWL4KtobzxXY21xGJIZS6OjdCChrXT4fL dT3QttdsY0guJIdk5Kuu1sc/hig2q+zhPlnUktF1+X6D/wDi2nrqv60f8W09dV/Wl/4VpN/0MOlf 9/DR/wAK0m/6GHSv+/ho1MufD/8AP6X3v/I6/wAIf8Iz/ZUv9jm7+z+ed3nZzu2rn8MYopfCPhh9 G0qW3bUbS5LTl98LZAyqjH14oqkeLXcHVlaTZwniDwf4guvEepXEGjzyRS3Ujo4AwwLEg9az/wDh CPEv/QEuPyH+NXvEPivXrbxJqUEOs3UcUV1IqIsmAoDHAFZw8Y+IycDXLwk/9NKnQ+ip/WuSNuXb zIb7w1q+lW/2nUNNltodwXe4GCewrpPh3/x6eI+Mf8S89Po1SatdXV98K4Lu8u5rqaTUOXlbdjG4 YHtxUfw7/wCPTxH/ANg8/wAmoRlVqSqYabnunbTyaMnwD/yOumf77f8AoJqp4nAPirVQQObuTn0+ Y1b8A/8AI66Z/vt/6Cap+KP+Rp1X/r7k/wDQjR0On/mLf+FfmyYeCfEjKGGi3BBGQQB/jS/8IR4l /wCgJcfkP8a6fx7rGq6RqNkun6pdQRy2aO0ayYUHpkD8K5X/AITLxH/0HLv/AL+UaGdKpiqsFOPL Z+p6B4E0PU9N0SaG8sZIJGuWYKwGSNqjP6Gim+A9a1LUNEmmvL+aeRbllDO2SBtXj9TRVI8HE+09 tLmtcy9Z+IDWWt31p/YGmy+RcPH5jp8zYJGT71ka34zudS0k2w0axsVuRkSxR/Myg4OCR6jGfY1p eIv+EFXUdTeRdRk1ATSF0BKoZMnIz2Gap/Em3htNS0u3t4xHFHp6BVXoBuakerQjQ5oJQab7+S9S S6/5I9Z/9f5/m1L8O/8Aj08R/wDYPP8AJqS6/wCSPWf/AGED/NqX4d/8eniP/sHn+TUDn/u9X/E/ zRk+Af8AkddM/wB9v/QTVPxR/wAjTqv/AF9yf+hGrngH/kddM/32/wDQTVPxR/yNOq/9fcn/AKEa XQ7F/vb/AMK/NnS/Ee4ktdd0e4iIEkVlGy5GRkMeo70jfEWZER28M6YFkGVYx8N2OOPWmfE//kKa X/14J/M1YsbfR2+HOm3Os28kkMd+6F4Ww6Bs5x68gcUzihGn9Xpucb9PzOp8I+JjrGlS3B020tts 5TZCuAcKpz9eaKTwiPDI0qUaObsweed3nZzv2rn9MUU0eNXUPaytFpGNq/wu1HUdXvL2PUbVEuJ3 lCsrZGTnmtLxb4DvvEl9bXMN5bwCC3WEhwxyQSc8fWiilY6Fiq3NB32XkJN4CvpPBMHh4XluJYrg zGXDbSOeMfjS+GfAd9oEGpxy3lvMb62MKlQw2nnk/nRRQQ8RVdOUb6N3/Ep+HPhrqGh67a6lLf20 qW7ElFVgTwR/WoNW+Fupalq95fJqNqi3MzSBSrEgE5xRRRY1+t1va83NrbyNPxZ4DvvEl3aTw3lv CLe3EJDhjkgnnj60SeAr5/BEXh4XluJUufOMuG2kc8Y/GiigyjiKqhCN9E9C94W8H3Og6ZJaz3UU rvMZNyA4wQo7/SiiimclWrOU22z/2Q== ------=_NextPart_000_02F1_01CA775C.4AC76AC0-- From megan@denalifunds.com Mon Dec 14 17:33:24 2009 From: megan@denalifunds.com (Megan Arias) Date: Mon, 14 Dec 2009 11:33:24 -0600 Subject: Denali Asset Mgt Weekly Est. ROR -0.38% MTD Message-ID: <20091214173328.401391C8025@smtpauth01.csee.onr.siteprotect.com> This is a multi-part message in MIME format. ------=_NextPart_000_02C1_01CA7CB1.3F866B70 Content-Type: multipart/alternative; boundary="----=_NextPart_001_02C2_01CA7CB1.3F866B70" ------=_NextPart_001_02C2_01CA7CB1.3F866B70 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Through the close of business on Friday December 11, 2009, we estimate that Denali Partners, LP and Denali Offshore Partners, Ltd. are down -0.38% MTD. Please contact me with any questions. Kind regards, Megan Arias Director of Investor Services 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. The information transmitted is intended solely for the individual or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of or taking action in reliance upon this information by persons or entities other than the intended recipient is prohibited. If you have received this email in error please contact the sender and delete the material from your computer (s). All incoming and outgoing e-mail is reviewed and archived by Denali Asset Management, LLLP. and may be produced at the request of regulators or in connection with civil litigation. Denali Asset Management, LLLP accepts no liability for any errors or omissions arising as a result of transmission. ------=_NextPart_001_02C2_01CA7CB1.3F866B70 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

Through the close of business on Friday December 11, = 2009, we estimate that Denali Partners, LP and Denali Offshore Partners, Ltd. = are down -0.38% MTD.

 

Please contact me with any = questions.

 

 

 

Kind regards,

 

 

Megan = Arias

Director of = Investor Services

 

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. 

 

The information transmitted is intended solely for the = individual or entity to which it is addressed and may contain confidential and/or = privileged material. Any review, retransmission, dissemination or other use of or = taking action in reliance upon this information by persons or entities other = than the intended recipient is prohibited. If you have received this email in = error please contact the sender and delete the material from your computer = (s). All incoming and outgoing e-mail is reviewed and archived by Denali Asset Management, LLLP. and may be produced at the request of regulators or in connection with civil litigation. Denali Asset Management, LLLP accepts = no liability for any errors or omissions arising as a result of = transmission.

 

------=_NextPart_001_02C2_01CA7CB1.3F866B70-- ------=_NextPart_000_02C1_01CA7CB1.3F866B70 Content-Type: image/png; name="image001.png" Content-Transfer-Encoding: base64 Content-ID: iVBORw0KGgoAAAANSUhEUgAAAQcAAAEPCAIAAADAmpadAAAAAXNSR0IArs4c6QAAAAlwSFlzAAAO wwAADsQBiC4+owAAEHFJREFUeF7tnVuMVtUVxwdFOqkaHAxTKg88CEaK5VJeNOWBmtqkYE1sY0p4 oGnTMg88ALbRaKVEiDSkiYr1wVubVNMaYzSxGk1MwPRCSNOI0EkhQXwwEVIhASoxTMSELjItPfPx Xc5eZ599Wfvnq/uy1m+tP99/zne+vadduHBhiP8gAIEKgSugAQEIdBBAFbQEBDoJoAp6AgKogh6A wCAC06p/bb8+fNug8fx/CJgl8J2JfZO54aDM1pjE1ARQhRodE80SQBVmS0tiagKoQo2OiWYJoAqz pSUxNQFUoUbHRLMEUIXZ0pKYmgCqUKNjolkCqMJsaUlMTQBVqNEx0SwBVGG2tCSmJoAq1OiYaJYA qjBbWhJTE0AVanRMNEsAVZgtLYmpCaAKNTommiWAKsyWlsTUBFCFGh0TzRJAFWZLS2JqAqhCjY6J ZgmgCrOlJTE1AVShRsdEswRQhdnSkpiaAKpQo2OiWQKowmxpSUxNAFWo0THRLAFUYba0JKYmMOWc WfUqTISAJQJ8VliqJrn4IYAq/HBkFUsEUIWlapKLHwKowg9HVrFEAFVYqia5+CGAKvxwZBVLBFCF pWqSix8CqMIPR1axRABVWKomufghgCr8cGQVSwS4WdhSNcmlEQFuFm6Ej8m2CeCgbNeX7DQEUIWG GnNsE0AVtutLdhoCqEJDjTm2CaAK2/UlOw0BVKGhxhzbBFCF7fqSnYYAqtBQY45tAqjCdn3JTkMA VWioMcc2AVRhu75kpyGAKjTUmGObAKqwXV+y0xBAFRpqzLFNAFXYri/ZaQigCg015tgmgCps15fs NARQhYYac2wTQBW260t2GgKoQkONObYJoArb9SU7DQFUoaHGHNsEUIXt+pKdhgCq0FBjjm0CqMJ2 fclOQwBVaKgxxzYBbhZOpb5nPzr+z1//5tadW1IJqOA4+KxIpfgHHn705K43P3z7nVQCKjgOVJFE 8Y+++saZF/ZKKIe37Dp36nQSMRUcBKqIX3zxTofXPjIZx/mDHx966nfxYyo7AlQRv/7inapBHN/2 0okD4/HDKjgCVBG5+Je8UzWO/WNbPj83ETmygrdHFTGLX/VO1TjERx187KmYkZW9N6qIWf8O74SP ilmMyt6oIlohunonfFS0eqCK6Ojl8evRnc/1DwMfFatMfFbEIX9w55PS9AP35nnUQERtDOBm4Tao Dlhz9sZV8jV2zY2v+ursadOu+OwfgyVUc0GG9SLAzcLReuOL37zpzJ6/19/+/PjJa25dVH88I5sT wEE1Z+i2wowbZkujO8059cye69ff7jSFwU0IoIom9Jzninc68/zF951c//tk3/iMxV9yncV4HQFU oeOmmeXqnap74KM0xLVzUIWWnPs8hXeqboKPckeunIEqlOBcp6m9U3UjfJQrdt14VKHj5jariXfq 8FEzVy5325vR7gRQhTsz9xkNvVN1w5NPvDmyboV7CMxwIIAqHGDphi54drPuuVOv7SaOnZixdI4u GGbVIYAq6lDSj7l61aL599yln99t5rndR27evtHvmqxWJYAq2u2HZTsfmD487H2PeXesHN202vuy LDhJAFW02AninUYW3NjSBkvu24CPaoktqmgJ7JC0rHfvVI11eNYIPqql4qGKlsAOLXt6exveqRou Pqql4qGKVsDO3bpmdMktrSw9dVF8VBuQUYV/quKdFm8e879utxXxUW1wRhX+qQbwTvgo/2WrrIgq POMN5p2qceOj/FYRVfjkGdI78TzKZ+WmroUqfLIN7J3wUT6Lh4Nqg2YU74SPaqOUfFb4oRrLO3X4 qBvv/7GffMpeBVX4qX9E71RNYP7dq6/jPfPGJUUVjREODUX3TtUclm6910NKZS+BKprWX47eCPad XZ1Yr5375YUvPlRnJGN6EUAVTXtDjjBr+30n1xDFR137PX7I6ort/+NRhZ6dzJTDy+TojUZLtDX5 QlsLF7AuNwvriyzXEf157YZP3zp06XzSXmu9PnybfptuM+vsuPAPP5//3Tv97lvIanxW6Av9/suv iST081ueKTdQyl1KLW9ic3lUoazr6SMfHF3/uHJyqGl97lIKFUKW+6AKTdnEO713/w7NzLBz5A5v uVEp7J4WdkMVmiom7p2qKeGjFAVGFc7QsvBO1azwUa41RhVuxHLxTtWs8FFuNebkG1deGXknfJRr cS+N57PCAV123gkf5VDdylBUUZdbjt4JH1W3ulPHoYq63DL1TtX05IZvuee7bsIFj+Nm4VrFl8Px Tz//115D67x/UWub2oPUO1637ut+D0ivHXIGA7lZ2KFI8q64HI7vMCHhoSIJuXUp4QCTCA0HNbgM cr2QHI4/eFwmI+S2b7l7KZNg44SJKgZwF+8k1wvFKU47u8p1rHL3UjtrG1kVVQwopBnvNOV5FD6q b9lRRT88YsEteacpwsBH9a48qujJRn7keXKXKe9UTRUf1eefQ1TRB47xH3nyPKpX7VFFdzLinc6+ st/IH4+90+B5VFc2qKILFtveCR818B87VNEVkXHvxPOo/sJAFZ18CvFOPI/ir+2Bn5n/HVCOd8JH oYq6qhgaKsg74aN4BjVYGAV6pw4fJe9BDsZUwAj+rijaO3X4KDkzt4CeH5wiqrjEqFDvVO0ROTNX Ts4d3DXWR6CKixUu3DtVm/yTfeP4KFQxVOZzp17/3Mv7UfgoVCHtgXeaohF8VOmqwDt1/dAo3EcV rQr5oaa8Hmf9T0dNfoX7qKJVIT/UlPJruqaAOSX7qHJVId6JM2D6q7tYH1WoKvBOdT7tivVRhaoC 71RHFTKmTB9VoirwTjUlMTmsQB9V3B2qctDqn779w/MHP3bqjP6D1edbqmMIvOMNv/j+8gc3qaPN bmJxnxUHdz7pVxLZlVwR8PFtL504MK6YmOmU4lRh+DCbVltw/9iWVtdPavHiVJEU/YyCKeoDFlVk 1JmEGogAqggEmm0yIoAqMioWoQYigCoCgWabjAigioyKRaiBCKCKQKDZJiMCqCKjYhFqIAKW71Cd u3XN1x7Y2AHy9eHbvKMN/P6FxB9+x8s3nZB3Z1b96LMD//LOM9aC9u9QnbF0zuLNY7H4lrDv8KyR m7d3/qNjI3GzDmrZ09unDw/bKFKyWcy7Y+XoptXJhqcOzKYqxDuNLrlFDYWJ9QksuW+DfCzXH5/F SIOqwDuF7DyTPsqgKvBOIVUhe9nzUdZUgXcKLInJ7cRHRdm3pU1NqUIOSOW5U0uN0n9Z8VELX3wo ytZtbGpKFXJAKs+d2uiSOmvOv3u1nNhbZ2T6Y+yoQo6YlwMp0iduOkIjJ/YaUYV4JzmKwnTDZZCc 3FAu56dkEOigEI2oQrwTZ2MOqnWI/y8/izfgoyyoYmTdCrxTiJavu0f2Pip7VYh3mjh2om69GNc+ AQM+KntVzFy5/NzuI+3Xmh0cCOTuo/JWhXink0+86VAuhoYjkLGPylgVeKdwHe6+U9Y+KmNV4J3c ezXojHx9VK6qwDsFbXD9Zln6qCxVgXfSd2nYmZn6qCxVgXcK29uNdsvRR+WnCrxToyaNMzkzH5WZ KvBOcbq62a7Z+ajMVIF3ataf0WbLveZyQ2e07R03zkkVeCfH4iY0XN7dlBs6EwqobyjZqALvlEtL 9YpTbjfP5T3zbFSBd8pdFRJ/Lj4qD1XgnQxIQlLIxUflcbPwX37yszMv7K3TGSkcwHp5nN4Pt806 zcV/3DHvW9+oU81YYzL4rDj66hs1JRELIvs6ETi8ZZfceu40JfDg1FVx9qPjh9c+EhgK27VKQK5j lVvPW92i4eKpq+LAw482zJDpCRKQ10A+fPudBAObDClpVeCdku2b5oGl7KPSVQXeqXnnpbxCyj4q XVXgnVLuaS+xJeujElUF3slL26W/SJo+KkVV4J3S72ZfEabpo1JUBd7JV89lsY74qGN7/5ZUqMmp Au+UVH+ECWb83l9+fm4izF51dknrZmE5ovTsK+/WibvXmKxfhaifuL00ZyVwpHyyNwtn9lPG+n3M yP4E5KRguWshEUoJOSh5+V5+ypgIF8IIT0DuWpBf0YTf9/IdU1GFeCf5qysFIsQQi4C8Zy43LsTa vbpvKqq48mpujE+hHyLHkIiPSkIV4p3k54uRC8L2aRBIwUfFV4Uc/SA/XEyjIkQRn0AKPiq+KuTo By7vit+MKUUQ3UdFVgXeKaVuTCiWuD4qpirwTgm1YWKhxPVRMVWBd0qsFdMKJ6KPiqaKBc9u5rlT Wm2YXjQXfdTSOeHjiqOKq1ctmn/PXeGzZce8CIiPWvb09vAxx1HFsp0PTB/ma7vw5c5vx9Elt8zd uiZw3BFUId5pZMGNgfNku3wJfGVsXWAfFVoVeKd8uzNW5MOzRm7evjHk7qFVgXcKWV0ze827Y+Xo ptXB0gmqCrxTsLra22jJfRuC+ahwqsA72evUkBmF9FHhVIF3CtlDJvcK5qMCqUIervHcyWSnBk4q jI8KoQqxg4s3jwXGx3YmCYTxUSFUIV9P8p2dyR6NklQAH9W6KsQ7ydeTUfCxqVUCbfuodlWBd7La l3HzattHtasKvFPc7jG8e6s+qkVV4J0MN2UKqbXno9pShRx3xXOnFFrHcAzt+ai2bhZ+d8fjyx/c 1L8k3u/ble3sHcDalWEhadYp6OkjH4zc5PkV7FY+K04cGD++7SXD/0qRWjoE3rt/h/dg/KtCjlzf P7bFe6AsCIGuBD5965Dc7uAXjn9VHHzsKbnAxm+UrAaBPgTkRna5H8sjIs+qwDt5rA1L1Sfg934s n6rAO9WvIiP9Ejjzwl6PPsqnKg799vd4J7/FZrX6BDz6KG+qkAdkH/70ufo5MBIC3gn48lF+VCHe qY0HZN6psaBtAr58lB9VvP/ya/KAzDZxssuCgBcf5UEV4p2Orn88C2QEWQKB5j6q6c3C8r7TlbNn ntt95HLcvJVwiYn3d1tg25+t3AChuGbR283CM1cu7yqJEv5NIsdkCYgk5P5RdXiNHNTIuhUnn+Di UzV8JrZKQH93u14V4p0mjp1oNS0Wh4CagNzdLj5KN12vCryTjjizghFQ+yilKvBOwUrLRk0I6O5x 16gC79SkTswNSUDu01L4KI0q8E4h68peDQnIbe5yL6nTIs6qwDs58WVwdAJyjZjcS+oUhpsq8E5O cBmcCAFXH+WmCrxTImUmDFcCTj7KQRXyZSHf2bkWg/GJEHDyUQ6qGBrSf1mYCBrCKJlAfR9VVxXy eEu+LCyZKbkbIFDTR9VSxUXvtIv3nQx0Rekp1PRRtVSBdyq9mwzlX8dHDVYF3slQS5DKRQIDfdQA VeCd6CN7BAb6qIGfFTx3stcVZDTU30f1UwXeifYxTKCPj+qpCryT4YYgNSHQx0f1+azAO9E8xgmI j7p+/e2XJ9ldFXgn4+1Aev8j8Mm+cXnntYNHF1XgneiZcgiIj7rm1kWDVcF3duX0BJkKgVPP7Onw UZ2fFXgnGqVAAh0+aooq5Id8vO9UYE+QcoePmnKi5u47f/CFG0Z9Mbpq1sz+S50/9W9fe11ap5BN C0lTyhoy0xXP/Gqykdq6Wdh7u7MgBIIRGPjGR7BI2AgCqRBAFalUgjjSIYAq0qkFkaRCAFWkUgni SIfAfwBYeMLDzG3QOgAAAABJRU5ErkJggg== ------=_NextPart_000_02C1_01CA7CB1.3F866B70 Content-Type: image/jpeg; name="image002.jpg" Content-Transfer-Encoding: base64 Content-ID: /9j/4AAQSkZJRgABAQEAYABgAAD/2wBDAAoHBwgHBgoICAgLCgoLDhgQDg0NDh0VFhEYIx8lJCIf IiEmKzcvJik0KSEiMEExNDk7Pj4+JS5ESUM8SDc9Pjv/2wBDAQoLCw4NDhwQEBw7KCIoOzs7Ozs7 Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozv/wAARCABGAEQDASIA AhEBAxEB/8QAHwAAAQUBAQEBAQEAAAAAAAAAAAECAwQFBgcICQoL/8QAtRAAAgEDAwIEAwUFBAQA AAF9AQIDAAQRBRIhMUEGE1FhByJxFDKBkaEII0KxwRVS0fAkM2JyggkKFhcYGRolJicoKSo0NTY3 ODk6Q0RFRkdISUpTVFVWV1hZWmNkZWZnaGlqc3R1dnd4eXqDhIWGh4iJipKTlJWWl5iZmqKjpKWm p6ipqrKztLW2t7i5usLDxMXGx8jJytLT1NXW19jZ2uHi4+Tl5ufo6erx8vP09fb3+Pn6/8QAHwEA AwEBAQEBAQEBAQAAAAAAAAECAwQFBgcICQoL/8QAtREAAgECBAQDBAcFBAQAAQJ3AAECAxEEBSEx BhJBUQdhcRMiMoEIFEKRobHBCSMzUvAVYnLRChYkNOEl8RcYGRomJygpKjU2Nzg5OkNERUZHSElK U1RVVldYWVpjZGVmZ2hpanN0dXZ3eHl6goOEhYaHiImKkpOUlZaXmJmaoqOkpaanqKmqsrO0tba3 uLm6wsPExcbHyMnK0tPU1dbX2Nna4uPk5ebn6Onq8vP09fb3+Pn6/9oADAMBAAIRAxEAPwCp4h8V a9beJNSgh1m6jijupFRFkwFAY4ArO/4THxF/0HLz/v7XV6z8QZLLW760Gg6bL5Fw8e90+ZsEjJ96 p/8ACy5P+hd0r/vioPraanyL9ytu6/yMD/hMfEX/AEHLz/v7R/wmPiL/AKDl5/39rf8A+Flyf9C7 pX/fFH/Cy5P+hd0r/vig0tP/AJ8L71/kYH/CY+Iv+g5ef9/aP+Ex8Rf9By8/7+1v/wDCy5P+hd0r /vij/hZcn/Qu6V/3xQFp/wDPhfev8jA/4THxF/0HLz/v7R/wmPiL/oOXn/f2t/8A4WXJ/wBC7pX/ AHxR/wALLk/6F3Sv++KAtP8A58L71/kdB4C1nUtQ0OaW7v5p5BcsoZ3yQNq8fqaK0PCPiZtZ0qW4 Om2lttnKbIVwDhVOfrzRVI8DEp+1leFjm9Z/4V9/bd99tOp/avtD+dszt37jnHtmqX/FtPXVf1q7 rPw9lvtbvrsa7psQnuHk2O53Lkk4PvVP/hWk3/Qw6V/38NSerTnQ5FerL73/AJCf8W09dV/WgD4a k4H9q/rS/wDCtJv+hh0r/v4as6N4PtdOvdTNxfW9/Naae8qCDJVGYEAknvgHFBTnRSbjVk/n/wAA ybSTwK95drd2+oxW6MPszpIWLr33Dtzz+NXP+Laeuq/rWL4KtobzxXY21xGJIZS6OjdCChrXT4fL dT3QttdsY0guJIdk5Kuu1sc/hig2q+zhPlnUktF1+X6D/wDi2nrqv60f8W09dV/Wl/4VpN/0MOlf 9/DR/wAK0m/6GHSv+/ho1MufD/8AP6X3v/I6/wAIf8Iz/ZUv9jm7+z+ed3nZzu2rn8MYopfCPhh9 G0qW3bUbS5LTl98LZAyqjH14oqkeLXcHVlaTZwniDwf4guvEepXEGjzyRS3Ujo4AwwLEg9az/wDh CPEv/QEuPyH+NXvEPivXrbxJqUEOs3UcUV1IqIsmAoDHAFZw8Y+IycDXLwk/9NKnQ+ip/WuSNuXb zIb7w1q+lW/2nUNNltodwXe4GCewrpPh3/x6eI+Mf8S89Po1SatdXV98K4Lu8u5rqaTUOXlbdjG4 YHtxUfw7/wCPTxH/ANg8/wAmoRlVqSqYabnunbTyaMnwD/yOumf77f8AoJqp4nAPirVQQObuTn0+ Y1b8A/8AI66Z/vt/6Cap+KP+Rp1X/r7k/wDQjR0On/mLf+FfmyYeCfEjKGGi3BBGQQB/jS/8IR4l /wCgJcfkP8a6fx7rGq6RqNkun6pdQRy2aO0ayYUHpkD8K5X/AITLxH/0HLv/AL+UaGdKpiqsFOPL Z+p6B4E0PU9N0SaG8sZIJGuWYKwGSNqjP6Gim+A9a1LUNEmmvL+aeRbllDO2SBtXj9TRVI8HE+09 tLmtcy9Z+IDWWt31p/YGmy+RcPH5jp8zYJGT71ka34zudS0k2w0axsVuRkSxR/Myg4OCR6jGfY1p eIv+EFXUdTeRdRk1ATSF0BKoZMnIz2Gap/Em3htNS0u3t4xHFHp6BVXoBuakerQjQ5oJQab7+S9S S6/5I9Z/9f5/m1L8O/8Aj08R/wDYPP8AJqS6/wCSPWf/AGED/NqX4d/8eniP/sHn+TUDn/u9X/E/ zRk+Af8AkddM/wB9v/QTVPxR/wAjTqv/AF9yf+hGrngH/kddM/32/wDQTVPxR/yNOq/9fcn/AKEa XQ7F/vb/AMK/NnS/Ee4ktdd0e4iIEkVlGy5GRkMeo70jfEWZER28M6YFkGVYx8N2OOPWmfE//kKa X/14J/M1YsbfR2+HOm3Os28kkMd+6F4Ww6Bs5x68gcUzihGn9Xpucb9PzOp8I+JjrGlS3B020tts 5TZCuAcKpz9eaKTwiPDI0qUaObsweed3nZzv2rn9MUU0eNXUPaytFpGNq/wu1HUdXvL2PUbVEuJ3 lCsrZGTnmtLxb4DvvEl9bXMN5bwCC3WEhwxyQSc8fWiilY6Fiq3NB32XkJN4CvpPBMHh4XluJYrg zGXDbSOeMfjS+GfAd9oEGpxy3lvMb62MKlQw2nnk/nRRQQ8RVdOUb6N3/Ep+HPhrqGh67a6lLf20 qW7ElFVgTwR/WoNW+Fupalq95fJqNqi3MzSBSrEgE5xRRRY1+t1va83NrbyNPxZ4DvvEl3aTw3lv CLe3EJDhjkgnnj60SeAr5/BEXh4XluJUufOMuG2kc8Y/GiigyjiKqhCN9E9C94W8H3Og6ZJaz3UU rvMZNyA4wQo7/SiiimclWrOU22z/2Q== ------=_NextPart_000_02C1_01CA7CB1.3F866B70-- From megan@denalifunds.com Mon Dec 21 16:48:02 2009 From: megan@denalifunds.com (Megan Arias) Date: Mon, 21 Dec 2009 10:48:02 -0600 Subject: Denali Asset Mgt Weekly Est. ROR -0.45% MTD Message-ID: <20091221164805.DCFA075807B@smtpauth00.csee.onr.siteprotect.com> This is a multi-part message in MIME format. ------=_NextPart_000_010D_01CA822B.11E9A590 Content-Type: multipart/alternative; boundary="----=_NextPart_001_010E_01CA822B.11E9A590" ------=_NextPart_001_010E_01CA822B.11E9A590 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Through the close of business on Friday December 18, 2009, we estimate that Denali Partners, LP and Denali Offshore Partners, Ltd. are down -0.45% MTD. Please contact me with any questions. Kind regards, Megan Arias Director of Investor Services 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. The information transmitted is intended solely for the individual or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of or taking action in reliance upon this information by persons or entities other than the intended recipient is prohibited. If you have received this email in error please contact the sender and delete the material from your computer (s). All incoming and outgoing e-mail is reviewed and archived by Denali Asset Management, LLLP. and may be produced at the request of regulators or in connection with civil litigation. Denali Asset Management, LLLP accepts no liability for any errors or omissions arising as a result of transmission. ------=_NextPart_001_010E_01CA822B.11E9A590 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

Through the close of business on Friday December 18, = 2009, we estimate that Denali Partners, LP and Denali Offshore Partners, Ltd. = are down -0.45% MTD.

 

Please contact me with any = questions.

 

 

 

Kind regards,

 

 

Megan = Arias

Director of = Investor Services

 

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. 

 

The information transmitted is intended solely for the = individual or entity to which it is addressed and may contain confidential and/or = privileged material. Any review, retransmission, dissemination or other use of or = taking action in reliance upon this information by persons or entities other = than the intended recipient is prohibited. If you have received this email in = error please contact the sender and delete the material from your computer = (s). All incoming and outgoing e-mail is reviewed and archived by Denali Asset Management, LLLP. and may be produced at the request of regulators or in connection with civil litigation. Denali Asset Management, LLLP accepts = no liability for any errors or omissions arising as a result of = transmission.

 

------=_NextPart_001_010E_01CA822B.11E9A590-- ------=_NextPart_000_010D_01CA822B.11E9A590 Content-Type: image/png; name="image001.png" Content-Transfer-Encoding: base64 Content-ID: iVBORw0KGgoAAAANSUhEUgAAAQcAAAEPCAIAAADAmpadAAAAAXNSR0IArs4c6QAAAAlwSFlzAAAO wwAADsQBiC4+owAAEHFJREFUeF7tnVuMVtUVxwdFOqkaHAxTKg88CEaK5VJeNOWBmtqkYE1sY0p4 oGnTMg88ALbRaKVEiDSkiYr1wVubVNMaYzSxGk1MwPRCSNOI0EkhQXwwEVIhASoxTMSELjItPfPx Xc5eZ599Wfvnq/uy1m+tP99/zne+vadduHBhiP8gAIEKgSugAQEIdBBAFbQEBDoJoAp6AgKogh6A wCAC06p/bb8+fNug8fx/CJgl8J2JfZO54aDM1pjE1ARQhRodE80SQBVmS0tiagKoQo2OiWYJoAqz pSUxNQFUoUbHRLMEUIXZ0pKYmgCqUKNjolkCqMJsaUlMTQBVqNEx0SwBVGG2tCSmJoAq1OiYaJYA qjBbWhJTE0AVanRMNEsAVZgtLYmpCaAKNTommiWAKsyWlsTUBFCFGh0TzRJAFWZLS2JqAqhCjY6J ZgmgCrOlJTE1AVShRsdEswRQhdnSkpiaAKpQo2OiWQKowmxpSUxNAFWo0THRLAFUYba0JKYmMOWc WfUqTISAJQJ8VliqJrn4IYAq/HBkFUsEUIWlapKLHwKowg9HVrFEAFVYqia5+CGAKvxwZBVLBFCF pWqSix8CqMIPR1axRABVWKomufghgCr8cGQVSwS4WdhSNcmlEQFuFm6Ej8m2CeCgbNeX7DQEUIWG GnNsE0AVtutLdhoCqEJDjTm2CaAK2/UlOw0BVKGhxhzbBFCF7fqSnYYAqtBQY45tAqjCdn3JTkMA VWioMcc2AVRhu75kpyGAKjTUmGObAKqwXV+y0xBAFRpqzLFNAFXYri/ZaQigCg015tgmgCps15fs NARQhYYac2wTQBW260t2GgKoQkONObYJoArb9SU7DQFUoaHGHNsEUIXt+pKdhgCq0FBjjm0CqMJ2 fclOQwBVaKgxxzYBbhZOpb5nPzr+z1//5tadW1IJqOA4+KxIpfgHHn705K43P3z7nVQCKjgOVJFE 8Y+++saZF/ZKKIe37Dp36nQSMRUcBKqIX3zxTofXPjIZx/mDHx966nfxYyo7AlQRv/7inapBHN/2 0okD4/HDKjgCVBG5+Je8UzWO/WNbPj83ETmygrdHFTGLX/VO1TjERx187KmYkZW9N6qIWf8O74SP ilmMyt6oIlohunonfFS0eqCK6Ojl8evRnc/1DwMfFatMfFbEIX9w55PS9AP35nnUQERtDOBm4Tao Dlhz9sZV8jV2zY2v+ursadOu+OwfgyVUc0GG9SLAzcLReuOL37zpzJ6/19/+/PjJa25dVH88I5sT wEE1Z+i2wowbZkujO8059cye69ff7jSFwU0IoIom9Jzninc68/zF951c//tk3/iMxV9yncV4HQFU oeOmmeXqnap74KM0xLVzUIWWnPs8hXeqboKPckeunIEqlOBcp6m9U3UjfJQrdt14VKHj5jariXfq 8FEzVy5325vR7gRQhTsz9xkNvVN1w5NPvDmyboV7CMxwIIAqHGDphi54drPuuVOv7SaOnZixdI4u GGbVIYAq6lDSj7l61aL599yln99t5rndR27evtHvmqxWJYAq2u2HZTsfmD487H2PeXesHN202vuy LDhJAFW02AninUYW3NjSBkvu24CPaoktqmgJ7JC0rHfvVI11eNYIPqql4qGKlsAOLXt6exveqRou Pqql4qGKVsDO3bpmdMktrSw9dVF8VBuQUYV/quKdFm8e879utxXxUW1wRhX+qQbwTvgo/2WrrIgq POMN5p2qceOj/FYRVfjkGdI78TzKZ+WmroUqfLIN7J3wUT6Lh4Nqg2YU74SPaqOUfFb4oRrLO3X4 qBvv/7GffMpeBVX4qX9E71RNYP7dq6/jPfPGJUUVjREODUX3TtUclm6910NKZS+BKprWX47eCPad XZ1Yr5375YUvPlRnJGN6EUAVTXtDjjBr+30n1xDFR137PX7I6ort/+NRhZ6dzJTDy+TojUZLtDX5 QlsLF7AuNwvriyzXEf157YZP3zp06XzSXmu9PnybfptuM+vsuPAPP5//3Tv97lvIanxW6Av9/suv iST081ueKTdQyl1KLW9ic3lUoazr6SMfHF3/uHJyqGl97lIKFUKW+6AKTdnEO713/w7NzLBz5A5v uVEp7J4WdkMVmiom7p2qKeGjFAVGFc7QsvBO1azwUa41RhVuxHLxTtWs8FFuNebkG1deGXknfJRr cS+N57PCAV123gkf5VDdylBUUZdbjt4JH1W3ulPHoYq63DL1TtX05IZvuee7bsIFj+Nm4VrFl8Px Tz//115D67x/UWub2oPUO1637ut+D0ivHXIGA7lZ2KFI8q64HI7vMCHhoSIJuXUp4QCTCA0HNbgM cr2QHI4/eFwmI+S2b7l7KZNg44SJKgZwF+8k1wvFKU47u8p1rHL3UjtrG1kVVQwopBnvNOV5FD6q b9lRRT88YsEteacpwsBH9a48qujJRn7keXKXKe9UTRUf1eefQ1TRB47xH3nyPKpX7VFFdzLinc6+ st/IH4+90+B5VFc2qKILFtveCR818B87VNEVkXHvxPOo/sJAFZ18CvFOPI/ir+2Bn5n/HVCOd8JH oYq6qhgaKsg74aN4BjVYGAV6pw4fJe9BDsZUwAj+rijaO3X4KDkzt4CeH5wiqrjEqFDvVO0ROTNX Ts4d3DXWR6CKixUu3DtVm/yTfeP4KFQxVOZzp17/3Mv7UfgoVCHtgXeaohF8VOmqwDt1/dAo3EcV rQr5oaa8Hmf9T0dNfoX7qKJVIT/UlPJruqaAOSX7qHJVId6JM2D6q7tYH1WoKvBOdT7tivVRhaoC 71RHFTKmTB9VoirwTjUlMTmsQB9V3B2qctDqn779w/MHP3bqjP6D1edbqmMIvOMNv/j+8gc3qaPN bmJxnxUHdz7pVxLZlVwR8PFtL504MK6YmOmU4lRh+DCbVltw/9iWVtdPavHiVJEU/YyCKeoDFlVk 1JmEGogAqggEmm0yIoAqMioWoQYigCoCgWabjAigioyKRaiBCKCKQKDZJiMCqCKjYhFqIAKW71Cd u3XN1x7Y2AHy9eHbvKMN/P6FxB9+x8s3nZB3Z1b96LMD//LOM9aC9u9QnbF0zuLNY7H4lrDv8KyR m7d3/qNjI3GzDmrZ09unDw/bKFKyWcy7Y+XoptXJhqcOzKYqxDuNLrlFDYWJ9QksuW+DfCzXH5/F SIOqwDuF7DyTPsqgKvBOIVUhe9nzUdZUgXcKLInJ7cRHRdm3pU1NqUIOSOW5U0uN0n9Z8VELX3wo ytZtbGpKFXJAKs+d2uiSOmvOv3u1nNhbZ2T6Y+yoQo6YlwMp0iduOkIjJ/YaUYV4JzmKwnTDZZCc 3FAu56dkEOigEI2oQrwTZ2MOqnWI/y8/izfgoyyoYmTdCrxTiJavu0f2Pip7VYh3mjh2om69GNc+ AQM+KntVzFy5/NzuI+3Xmh0cCOTuo/JWhXink0+86VAuhoYjkLGPylgVeKdwHe6+U9Y+KmNV4J3c ezXojHx9VK6qwDsFbXD9Zln6qCxVgXfSd2nYmZn6qCxVgXcK29uNdsvRR+WnCrxToyaNMzkzH5WZ KvBOcbq62a7Z+ajMVIF3ataf0WbLveZyQ2e07R03zkkVeCfH4iY0XN7dlBs6EwqobyjZqALvlEtL 9YpTbjfP5T3zbFSBd8pdFRJ/Lj4qD1XgnQxIQlLIxUflcbPwX37yszMv7K3TGSkcwHp5nN4Pt806 zcV/3DHvW9+oU81YYzL4rDj66hs1JRELIvs6ETi8ZZfceu40JfDg1FVx9qPjh9c+EhgK27VKQK5j lVvPW92i4eKpq+LAw482zJDpCRKQ10A+fPudBAObDClpVeCdku2b5oGl7KPSVQXeqXnnpbxCyj4q XVXgnVLuaS+xJeujElUF3slL26W/SJo+KkVV4J3S72ZfEabpo1JUBd7JV89lsY74qGN7/5ZUqMmp Au+UVH+ECWb83l9+fm4izF51dknrZmE5ovTsK+/WibvXmKxfhaifuL00ZyVwpHyyNwtn9lPG+n3M yP4E5KRguWshEUoJOSh5+V5+ypgIF8IIT0DuWpBf0YTf9/IdU1GFeCf5qysFIsQQi4C8Zy43LsTa vbpvKqq48mpujE+hHyLHkIiPSkIV4p3k54uRC8L2aRBIwUfFV4Uc/SA/XEyjIkQRn0AKPiq+KuTo By7vit+MKUUQ3UdFVgXeKaVuTCiWuD4qpirwTgm1YWKhxPVRMVWBd0qsFdMKJ6KPiqaKBc9u5rlT Wm2YXjQXfdTSOeHjiqOKq1ctmn/PXeGzZce8CIiPWvb09vAxx1HFsp0PTB/ma7vw5c5vx9Elt8zd uiZw3BFUId5pZMGNgfNku3wJfGVsXWAfFVoVeKd8uzNW5MOzRm7evjHk7qFVgXcKWV0ze827Y+Xo ptXB0gmqCrxTsLra22jJfRuC+ahwqsA72evUkBmF9FHhVIF3CtlDJvcK5qMCqUIervHcyWSnBk4q jI8KoQqxg4s3jwXGx3YmCYTxUSFUIV9P8p2dyR6NklQAH9W6KsQ7ydeTUfCxqVUCbfuodlWBd7La l3HzattHtasKvFPc7jG8e6s+qkVV4J0MN2UKqbXno9pShRx3xXOnFFrHcAzt+ai2bhZ+d8fjyx/c 1L8k3u/ble3sHcDalWEhadYp6OkjH4zc5PkV7FY+K04cGD++7SXD/0qRWjoE3rt/h/dg/KtCjlzf P7bFe6AsCIGuBD5965Dc7uAXjn9VHHzsKbnAxm+UrAaBPgTkRna5H8sjIs+qwDt5rA1L1Sfg934s n6rAO9WvIiP9Ejjzwl6PPsqnKg799vd4J7/FZrX6BDz6KG+qkAdkH/70ufo5MBIC3gn48lF+VCHe qY0HZN6psaBtAr58lB9VvP/ya/KAzDZxssuCgBcf5UEV4p2Orn88C2QEWQKB5j6q6c3C8r7TlbNn ntt95HLcvJVwiYn3d1tg25+t3AChuGbR283CM1cu7yqJEv5NIsdkCYgk5P5RdXiNHNTIuhUnn+Di UzV8JrZKQH93u14V4p0mjp1oNS0Wh4CagNzdLj5KN12vCryTjjizghFQ+yilKvBOwUrLRk0I6O5x 16gC79SkTswNSUDu01L4KI0q8E4h68peDQnIbe5yL6nTIs6qwDs58WVwdAJyjZjcS+oUhpsq8E5O cBmcCAFXH+WmCrxTImUmDFcCTj7KQRXyZSHf2bkWg/GJEHDyUQ6qGBrSf1mYCBrCKJlAfR9VVxXy eEu+LCyZKbkbIFDTR9VSxUXvtIv3nQx0Rekp1PRRtVSBdyq9mwzlX8dHDVYF3slQS5DKRQIDfdQA VeCd6CN7BAb6qIGfFTx3stcVZDTU30f1UwXeifYxTKCPj+qpCryT4YYgNSHQx0f1+azAO9E8xgmI j7p+/e2XJ9ldFXgn4+1Aev8j8Mm+cXnntYNHF1XgneiZcgiIj7rm1kWDVcF3duX0BJkKgVPP7Onw UZ2fFXgnGqVAAh0+aooq5Id8vO9UYE+QcoePmnKi5u47f/CFG0Z9Mbpq1sz+S50/9W9fe11ap5BN C0lTyhoy0xXP/Gqykdq6Wdh7u7MgBIIRGPjGR7BI2AgCqRBAFalUgjjSIYAq0qkFkaRCAFWkUgni SIfAfwBYeMLDzG3QOgAAAABJRU5ErkJggg== ------=_NextPart_000_010D_01CA822B.11E9A590 Content-Type: image/jpeg; name="image002.jpg" Content-Transfer-Encoding: base64 Content-ID: /9j/4AAQSkZJRgABAQEAYABgAAD/2wBDAAoHBwgHBgoICAgLCgoLDhgQDg0NDh0VFhEYIx8lJCIf IiEmKzcvJik0KSEiMEExNDk7Pj4+JS5ESUM8SDc9Pjv/2wBDAQoLCw4NDhwQEBw7KCIoOzs7Ozs7 Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozv/wAARCABGAEQDASIA AhEBAxEB/8QAHwAAAQUBAQEBAQEAAAAAAAAAAAECAwQFBgcICQoL/8QAtRAAAgEDAwIEAwUFBAQA AAF9AQIDAAQRBRIhMUEGE1FhByJxFDKBkaEII0KxwRVS0fAkM2JyggkKFhcYGRolJicoKSo0NTY3 ODk6Q0RFRkdISUpTVFVWV1hZWmNkZWZnaGlqc3R1dnd4eXqDhIWGh4iJipKTlJWWl5iZmqKjpKWm p6ipqrKztLW2t7i5usLDxMXGx8jJytLT1NXW19jZ2uHi4+Tl5ufo6erx8vP09fb3+Pn6/8QAHwEA AwEBAQEBAQEBAQAAAAAAAAECAwQFBgcICQoL/8QAtREAAgECBAQDBAcFBAQAAQJ3AAECAxEEBSEx BhJBUQdhcRMiMoEIFEKRobHBCSMzUvAVYnLRChYkNOEl8RcYGRomJygpKjU2Nzg5OkNERUZHSElK U1RVVldYWVpjZGVmZ2hpanN0dXZ3eHl6goOEhYaHiImKkpOUlZaXmJmaoqOkpaanqKmqsrO0tba3 uLm6wsPExcbHyMnK0tPU1dbX2Nna4uPk5ebn6Onq8vP09fb3+Pn6/9oADAMBAAIRAxEAPwCp4h8V a9beJNSgh1m6jijupFRFkwFAY4ArO/4THxF/0HLz/v7XV6z8QZLLW760Gg6bL5Fw8e90+ZsEjJ96 p/8ACy5P+hd0r/vioPraanyL9ytu6/yMD/hMfEX/AEHLz/v7R/wmPiL/AKDl5/39rf8A+Flyf9C7 pX/fFH/Cy5P+hd0r/vig0tP/AJ8L71/kYH/CY+Iv+g5ef9/aP+Ex8Rf9By8/7+1v/wDCy5P+hd0r /vij/hZcn/Qu6V/3xQFp/wDPhfev8jA/4THxF/0HLz/v7R/wmPiL/oOXn/f2t/8A4WXJ/wBC7pX/ AHxR/wALLk/6F3Sv++KAtP8A58L71/kdB4C1nUtQ0OaW7v5p5BcsoZ3yQNq8fqaK0PCPiZtZ0qW4 Om2lttnKbIVwDhVOfrzRVI8DEp+1leFjm9Z/4V9/bd99tOp/avtD+dszt37jnHtmqX/FtPXVf1q7 rPw9lvtbvrsa7psQnuHk2O53Lkk4PvVP/hWk3/Qw6V/38NSerTnQ5FerL73/AJCf8W09dV/WgD4a k4H9q/rS/wDCtJv+hh0r/v4as6N4PtdOvdTNxfW9/Naae8qCDJVGYEAknvgHFBTnRSbjVk/n/wAA ybSTwK95drd2+oxW6MPszpIWLr33Dtzz+NXP+Laeuq/rWL4KtobzxXY21xGJIZS6OjdCChrXT4fL dT3QttdsY0guJIdk5Kuu1sc/hig2q+zhPlnUktF1+X6D/wDi2nrqv60f8W09dV/Wl/4VpN/0MOlf 9/DR/wAK0m/6GHSv+/ho1MufD/8AP6X3v/I6/wAIf8Iz/ZUv9jm7+z+ed3nZzu2rn8MYopfCPhh9 G0qW3bUbS5LTl98LZAyqjH14oqkeLXcHVlaTZwniDwf4guvEepXEGjzyRS3Ujo4AwwLEg9az/wDh CPEv/QEuPyH+NXvEPivXrbxJqUEOs3UcUV1IqIsmAoDHAFZw8Y+IycDXLwk/9NKnQ+ip/WuSNuXb zIb7w1q+lW/2nUNNltodwXe4GCewrpPh3/x6eI+Mf8S89Po1SatdXV98K4Lu8u5rqaTUOXlbdjG4 YHtxUfw7/wCPTxH/ANg8/wAmoRlVqSqYabnunbTyaMnwD/yOumf77f8AoJqp4nAPirVQQObuTn0+ Y1b8A/8AI66Z/vt/6Cap+KP+Rp1X/r7k/wDQjR0On/mLf+FfmyYeCfEjKGGi3BBGQQB/jS/8IR4l /wCgJcfkP8a6fx7rGq6RqNkun6pdQRy2aO0ayYUHpkD8K5X/AITLxH/0HLv/AL+UaGdKpiqsFOPL Z+p6B4E0PU9N0SaG8sZIJGuWYKwGSNqjP6Gim+A9a1LUNEmmvL+aeRbllDO2SBtXj9TRVI8HE+09 tLmtcy9Z+IDWWt31p/YGmy+RcPH5jp8zYJGT71ka34zudS0k2w0axsVuRkSxR/Myg4OCR6jGfY1p eIv+EFXUdTeRdRk1ATSF0BKoZMnIz2Gap/Em3htNS0u3t4xHFHp6BVXoBuakerQjQ5oJQab7+S9S S6/5I9Z/9f5/m1L8O/8Aj08R/wDYPP8AJqS6/wCSPWf/AGED/NqX4d/8eniP/sHn+TUDn/u9X/E/ zRk+Af8AkddM/wB9v/QTVPxR/wAjTqv/AF9yf+hGrngH/kddM/32/wDQTVPxR/yNOq/9fcn/AKEa XQ7F/vb/AMK/NnS/Ee4ktdd0e4iIEkVlGy5GRkMeo70jfEWZER28M6YFkGVYx8N2OOPWmfE//kKa X/14J/M1YsbfR2+HOm3Os28kkMd+6F4Ww6Bs5x68gcUzihGn9Xpucb9PzOp8I+JjrGlS3B020tts 5TZCuAcKpz9eaKTwiPDI0qUaObsweed3nZzv2rn9MUU0eNXUPaytFpGNq/wu1HUdXvL2PUbVEuJ3 lCsrZGTnmtLxb4DvvEl9bXMN5bwCC3WEhwxyQSc8fWiilY6Fiq3NB32XkJN4CvpPBMHh4XluJYrg zGXDbSOeMfjS+GfAd9oEGpxy3lvMb62MKlQw2nnk/nRRQQ8RVdOUb6N3/Ep+HPhrqGh67a6lLf20 qW7ElFVgTwR/WoNW+Fupalq95fJqNqi3MzSBSrEgE5xRRRY1+t1va83NrbyNPxZ4DvvEl3aTw3lv CLe3EJDhjkgnnj60SeAr5/BEXh4XluJUufOMuG2kc8Y/GiigyjiKqhCN9E9C94W8H3Og6ZJaz3UU rvMZNyA4wQo7/SiiimclWrOU22z/2Q== ------=_NextPart_000_010D_01CA822B.11E9A590 Content-Type: image/jpeg; name="image003.jpg" Content-Transfer-Encoding: base64 Content-ID: /9j/4AAQSkZJRgABAQEAYABgAAD/2wBDAAoHBwgHBgoICAgLCgoLDhgQDg0NDh0VFhEYIx8lJCIf IiEmKzcvJik0KSEiMEExNDk7Pj4+JS5ESUM8SDc9Pjv/2wBDAQoLCw4NDhwQEBw7KCIoOzs7Ozs7 Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozs7Ozv/wAARCABGAEQDASIA AhEBAxEB/8QAHwAAAQUBAQEBAQEAAAAAAAAAAAECAwQFBgcICQoL/8QAtRAAAgEDAwIEAwUFBAQA AAF9AQIDAAQRBRIhMUEGE1FhByJxFDKBkaEII0KxwRVS0fAkM2JyggkKFhcYGRolJicoKSo0NTY3 ODk6Q0RFRkdISUpTVFVWV1hZWmNkZWZnaGlqc3R1dnd4eXqDhIWGh4iJipKTlJWWl5iZmqKjpKWm p6ipqrKztLW2t7i5usLDxMXGx8jJytLT1NXW19jZ2uHi4+Tl5ufo6erx8vP09fb3+Pn6/8QAHwEA AwEBAQEBAQEBAQAAAAAAAAECAwQFBgcICQoL/8QAtREAAgECBAQDBAcFBAQAAQJ3AAECAxEEBSEx BhJBUQdhcRMiMoEIFEKRobHBCSMzUvAVYnLRChYkNOEl8RcYGRomJygpKjU2Nzg5OkNERUZHSElK U1RVVldYWVpjZGVmZ2hpanN0dXZ3eHl6goOEhYaHiImKkpOUlZaXmJmaoqOkpaanqKmqsrO0tba3 uLm6wsPExcbHyMnK0tPU1dbX2Nna4uPk5ebn6Onq8vP09fb3+Pn6/9oADAMBAAIRAxEAPwCp4h8V a9beJNSgh1m6jijupFRFkwFAY4ArO/4THxF/0HLz/v7XV6z8QZLLW760Gg6bL5Fw8e90+ZsEjJ96 p/8ACy5P+hd0r/vioPraanyL9ytu6/yMD/hMfEX/AEHLz/v7R/wmPiL/AKDl5/39rf8A+Flyf9C7 pX/fFH/Cy5P+hd0r/vig0tP/AJ8L71/kYH/CY+Iv+g5ef9/aP+Ex8Rf9By8/7+1v/wDCy5P+hd0r /vij/hZcn/Qu6V/3xQFp/wDPhfev8jA/4THxF/0HLz/v7R/wmPiL/oOXn/f2t/8A4WXJ/wBC7pX/ AHxR/wALLk/6F3Sv++KAtP8A58L71/kdB4C1nUtQ0OaW7v5p5BcsoZ3yQNq8fqaK0PCPiZtZ0qW4 Om2lttnKbIVwDhVOfrzRVI8DEp+1leFjm9Z/4V9/bd99tOp/avtD+dszt37jnHtmqX/FtPXVf1q7 rPw9lvtbvrsa7psQnuHk2O53Lkk4PvVP/hWk3/Qw6V/38NSerTnQ5FerL73/AJCf8W09dV/WgD4a k4H9q/rS/wDCtJv+hh0r/v4as6N4PtdOvdTNxfW9/Naae8qCDJVGYEAknvgHFBTnRSbjVk/n/wAA ybSTwK95drd2+oxW6MPszpIWLr33Dtzz+NXP+Laeuq/rWL4KtobzxXY21xGJIZS6OjdCChrXT4fL dT3QttdsY0guJIdk5Kuu1sc/hig2q+zhPlnUktF1+X6D/wDi2nrqv60f8W09dV/Wl/4VpN/0MOlf 9/DR/wAK0m/6GHSv+/ho1MufD/8AP6X3v/I6/wAIf8Iz/ZUv9jm7+z+ed3nZzu2rn8MYopfCPhh9 G0qW3bUbS5LTl98LZAyqjH14oqkeLXcHVlaTZwniDwf4guvEepXEGjzyRS3Ujo4AwwLEg9az/wDh CPEv/QEuPyH+NXvEPivXrbxJqUEOs3UcUV1IqIsmAoDHAFZw8Y+IycDXLwk/9NKnQ+ip/WuSNuXb zIb7w1q+lW/2nUNNltodwXe4GCewrpPh3/x6eI+Mf8S89Po1SatdXV98K4Lu8u5rqaTUOXlbdjG4 YHtxUfw7/wCPTxH/ANg8/wAmoRlVqSqYabnunbTyaMnwD/yOumf77f8AoJqp4nAPirVQQObuTn0+ Y1b8A/8AI66Z/vt/6Cap+KP+Rp1X/r7k/wDQjR0On/mLf+FfmyYeCfEjKGGi3BBGQQB/jS/8IR4l /wCgJcfkP8a6fx7rGq6RqNkun6pdQRy2aO0ayYUHpkD8K5X/AITLxH/0HLv/AL+UaGdKpiqsFOPL Z+p6B4E0PU9N0SaG8sZIJGuWYKwGSNqjP6Gim+A9a1LUNEmmvL+aeRbllDO2SBtXj9TRVI8HE+09 tLmtcy9Z+IDWWt31p/YGmy+RcPH5jp8zYJGT71ka34zudS0k2w0axsVuRkSxR/Myg4OCR6jGfY1p eIv+EFXUdTeRdRk1ATSF0BKoZMnIz2Gap/Em3htNS0u3t4xHFHp6BVXoBuakerQjQ5oJQab7+S9S S6/5I9Z/9f5/m1L8O/8Aj08R/wDYPP8AJqS6/wCSPWf/AGED/NqX4d/8eniP/sHn+TUDn/u9X/E/ zRk+Af8AkddM/wB9v/QTVPxR/wAjTqv/AF9yf+hGrngH/kddM/32/wDQTVPxR/yNOq/9fcn/AKEa XQ7F/vb/AMK/NnS/Ee4ktdd0e4iIEkVlGy5GRkMeo70jfEWZER28M6YFkGVYx8N2OOPWmfE//kKa X/14J/M1YsbfR2+HOm3Os28kkMd+6F4Ww6Bs5x68gcUzihGn9Xpucb9PzOp8I+JjrGlS3B020tts 5TZCuAcKpz9eaKTwiPDI0qUaObsweed3nZzv2rn9MUU0eNXUPaytFpGNq/wu1HUdXvL2PUbVEuJ3 lCsrZGTnmtLxb4DvvEl9bXMN5bwCC3WEhwxyQSc8fWiilY6Fiq3NB32XkJN4CvpPBMHh4XluJYrg zGXDbSOeMfjS+GfAd9oEGpxy3lvMb62MKlQw2nnk/nRRQQ8RVdOUb6N3/Ep+HPhrqGh67a6lLf20 qW7ElFVgTwR/WoNW+Fupalq95fJqNqi3MzSBSrEgE5xRRRY1+t1va83NrbyNPxZ4DvvEl3aTw3lv CLe3EJDhjkgnnj60SeAr5/BEXh4XluJUufOMuG2kc8Y/GiigyjiKqhCN9E9C94W8H3Og6ZJaz3UU rvMZNyA4wQo7/SiiimclWrOU22z/2Q== ------=_NextPart_000_010D_01CA822B.11E9A590--