@Hubdule
It took me quite a while to get the above source (it certainly isn't easy - if anyone has any doubts about this I wouldn't be worried). This is partly because your app is written in VisualBASIC and then packed

. VB apps are absolute bastards to debug as code runs all over the place. If you are not already doing so, compile to P-Code. Also, keep the data encrypted in memory until the last possible moment.
Most of the debugging was done via tracing the compiler (redirecting API calls etc). This is because it is much easier to debug the compiler (written in C++) than your application. Unfortunately there is little you can do about this. You are doing pretty much everything right anyway.
I am still having problems getting the source for largish DBL files - so you are not in danger
Anyhoo, this is an excellent tool and I will certainly be using it for secure, convenient code distribution in the future
Current Project: Retro Compo. Entry.