Hissingsid - 8:15 am on Jun 8, 2012 (gmt 0)

If, like me, you have benefited in the past from keyword rich backlinks in the template of sites that you own, control or have developed for others then I think you have to ask yourself what would happen if you lost that benefit. Consider that vs your competition who used other link building.

If that would explain what has happened to you then it is not Penguin that did it and it is far easier to understand and therefore make a recovery plan.