Mack's OTCBB Macro-trend Musings

[Mack]

DLWI - Interesting Shareholder information:

This information is 1 year old, but it shows that institutions and insiders held nearly the entire amount of the OS of the company. So it appears yesterdays dump was likely a combination of some institutions getting a Chapter 11 company off their books and some insiders locking in some capital losses for 2006. Before yesterday, there looks like there was only 1 day over the past year with volume greater than 100K , so most of these shareholders were still in before yesterday. Look for a rash of Form 4's over the next month.

At some point the dump will stop as already it seems 1/2 the below have sold and some will just hold from this point.

Mack

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STOCK OWNERSHIP OF PRINCIPAL SHAREHOLDERS
AND MANAGEMENT

The following table sets forth certain information as of September 14,
2005, regarding the beneficial ownership of the Company's common stock by (i)
persons beneficially owning more than five percent of the common stock, (ii) the
directors, (iii) the executive officers named in the Summary Compensation Table
under "Management Compensation", and (iv) all current directors and executive
officers as a group. Unless otherwise stated in the notes to the table, the
Company believes that the persons named in the table have sole voting and
investment power with respect to all shares shown as beneficially owned by them.




SHARES
BENEFICIALLY
BENEFICIAL OWNER OWNED PERCENTAGE


Towle & Co. (1) 779,150 12.9%
12855 Flushing Meadow Drive
St. Louis, MO 63131

Franklin Resources, Inc. (2) 555,000 9.2%
Franklin Advisory Services, LLC.
Charles B. Johnson
Rupert H. Johnson, Jr.
One Franklin Parkway
San Mateo, CA 94403

Aegis Financial Corporation (3) 516,149 8.6%
William S. Berno
Paul Gambal
Scott L. Barbee
1100 North Glebe Road, Suite 1040
Arlington, VA 22201

Dimensional Fund Advisors Inc. (4) 410,842 6.8%
1299 Ocean Avenue, 11th Floor
Santa Monica, CA 90401

E. Erwin Maddrey, II (5) 883,700 14.7%
233 North Main Street, Suite 200
Greenville, SC 29601

Bettis C. Rainsford (6) 679,484 11.3%
108-1/2 Courthouse Square
Post Office Box 388
Edgefield, SC 29824

Buck A. Mickel (7) (8) 441,886 7.3%
Post Office Box 6721
Greenville, SC 29606

Micco Corporation (8) 310,158 5.2%
Post Office Box 795
Greenville, SC 29602

Minor M. Shaw (8) (9) 404,088 6.7%
Post Office Box 795
Greenville, SC 29602

8



Charles C. Mickel (8) (10) 402,351 6.7%
Post Office Box 6721
Greenville, SC 29606

J. Patrick Danahy (11) 2,611 (19)

William F. Garrett (12) 302,460 5.0%

C. C. Guy (13) 19,467 (19)

Michael R. Harmon (14) 9,437 (19)

Max Lennon (15) 24,117 (19)

William H. Hardman, Jr. (16) 32,927 (19)

Donald C. Walker (17) 23,997 (19)