thanks, it sounds like you are saying that either some factors cause overall market conversion supply to change in cycles (ie timing of notes due perhaps?) or perhaps you are saying that market psychology tends to be cyclical, or maybe you are saying that the market heats up with the general market but crashes quicker because the penny traders quickly lose their gains, which leads them to then have less to invest or to become a bit more cautious.
Will have to think about this some more.
In retrospect, maybe it would have been wiser for me to simply ask the board why they think the penny market has become so weak in the last few months when the rest of the market has held fairly steady.