[s]
Can't start any profiles using it.  It has a runtime error with the description "Path not found.". HKEY_LOCAL_MACHINE\SOFTWARE\Valhalla's Legends\Spht\SphtBotv3\Global Settings\Startup\AutoRun (REG_SZ) is set to C:\Bots\SphtBotv3\ which clearly exists.

Using Windows Server 2003 Enterprise edition logged on to an administrator account.
[/s]

I ran SphtBotv3.exe, then ran ProfileLauncher.exe and it seems to work now.