umm. it shouldnt build.
i bet the output is saying
^- That means it hasnt built anything, which it cant in your case. copy bot.mod folder into bmax/mod folder and then it should build it and output somthing like this:
your bmax/mod folder should look like this:

WHY WOULDNT IT BUILD
because it doesnt build modules in a third generation module folder, i dont think it even looks thier.
i bet the output is saying
Building Modules Process complete
^- That means it hasnt built anything, which it cant in your case. copy bot.mod folder into bmax/mod folder and then it should build it and output somthing like this:
Building Modules Compiling:firstmodule.bmx flat assembler version 1.64 3 passes, 469 bytes. Archiving:firstmodule.debug.win32.a Compiling:firstmodule.bmx flat assembler version 1.64 3 passes, 301 bytes. Archiving:firstmodule.release.win32.a Process complete
your bmax/mod folder should look like this:
WHY WOULDNT IT BUILD
because it doesnt build modules in a third generation module folder, i dont think it even looks thier.