Hi Marc,
>What is exactly encrypted? And, with the encrypted property set to .T., is it possible to decompile the EXE (and be able to modify source code) using another product, like ReFox?
The whole APP portion in the EXE is encrypted. However, ReFox can still decompile the EXE because it knows how to call the decryption functions inside the VFP runtime.
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Christof