Busybox fail to create the links

[Claudio Roberto Cussuol]

Hi guys

I am the developer of BrazilFW, it's a firewall and router forked from Coyote 
Linux.

Well, i was using busybox 1.0 and now i'm trying to upgrade to 1.2.
My system is a barebone linux 2.4.32, my rc.sysinit has this command

/bin/busybox --install -s

This usually creates all busybox's symlinks and the system was fine. But it do 
not work with my busybox 1.2. There is no error message. but i get the message 
command: not found for any applet i try to use.

Typing /bin/busybox command-name  works, so i think my binary is well.

I used the same .config from version 1.0 just pressed enter to use the default 
for all new configs.

Any advice?