loadbsd problems

[VaX#n8 <vax%linkdead.paranoia.com@localhost>]

Hey, we couldn't find a FAQ on Amiga-specific stuff, and...
we're getting this error:
loadbsd: Unknown binary: No such process
(with -b switch)

loadbsd: Unknown binary: No such file or directory
(with no -b switch)

ixemul is version 39.45
netbsd is kernel I pulled down very recently
loadbsd version 2.12

Thanks a lot, sorry if this has been hashed over but I can't find
anything on the net about it!