Conan Mystery Figures!

While searching around for various Conan stuff, I came across these photos on a Picasa page, one of which I had seen before, so I think these pics were simply collected by the owner of the Picasa account, not that he actually owned the figures. However, to be safe, I emailed him, but considering that his entire page is in Spanish, we may have a communication breakdown. I've yet to hear back from him, so the mystery of what these figures are remains unsolved.

The first figure, which I've seen once before, I believe is from Spain and was never openly marketed as an official Conan product, but take a look at him. Who else could it be?



And then I found this other version of the same figure, but presented as a keychain.



But the real mystery is with the last figure. Now, I looked at this and immediately saw a very Arnold-like version of Conan. It's clearly plastic and seems to have some posablility to it, specifically in the shoulders. However, the lighting is all whacked out, so you can't see it very clearly. My searches found no other example of this figure and I even tried to go to the website seen in the watermark, but it doesn't seem to exist anymore. Take a look for yourselves...



If anyone has seen this figure before, or knows anything about it, please let us know! The mystery must be solved!