From the included ReadMe file: Just place the .exe file in your flash drive where you have your folders and cfw setup run it and it will tell you if there is a typo, the foldername correct, the pup name correct and then if so it tell you your ready to go.
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What a shame! And he claimed himself a "ps3 dev"? It's more like a college student project! He should be worry if it takes more than 5 min!! And him dare to brag about it is really amazing. No offense to other dev in the scene, +rep to all of you out there.