There was Richard the Lionheart and Ethelred the Unready, perhaps you can be Good Oil the Wrong.
As you can see from this announcement Frank Rogers holds over 10% of the company.
http://www.asx.com.au/asxpdf/20101203/pdf/31vct8v5cn5y1w.pdf
Having directors with plenty of skin in the game is a key indicator of a small cap company is likely to perform.
Also, it's hard to see how the points you raised indicate that the ALNAK process doesn't work, isn't profitable and won't be applied to other plants throughout the world. That is what matters and you've never once addressed that issue.
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