Your theory regarding the Ecuadorians being involved makes a lot of sense.

consider:

a. ARU the only one that stops work while others continue on.

b. ARU pays "unemployment ins" to the local workers so protests are minimal.

c. Insiders sell large amounts of shares just before the April fiasco.

d. K and ARU SP manipulated the the "right" direction a month before the offer.

e. Even the offer price is paraded as valued at $8.20 when using the crooks own #'s it is only valued at $ 7.13 (the warrants are valued at $0.00 by any sane investor and why ARU SP trades at K SP X .317 and the warrant value at approx $0.00)

Why the Ecuadorian involved? They get to use this as a positive spin to the political BS they got themselves in the last 3 months.

" Hey look world we must be OK as a tier one international corporation is willing to invest in our country" They also spin this to the locals so they are more inclined to vote YES to the constitutional reforms in Sept.

No matter what subsequent offers we get, IMHO the management and Bod have shown that they have no interest of the shareholder in mind. To put it simply IMHO they are crooks and can no longer be trusted.