Hello,
It appears that our installation path in the registry is corrupted. Using regedit.exe, go to HKEY_LOCAL_MACHINE\SOFTWARE\PragmaSystems. There should be a string value of "Path" that should contain the full path to our installation directory, including a trailing backslash. The default value is "C:\program files\pragma\".
There is a similar setting under the SSHD subkey of the PragmaSystems key. Both should have the same value.