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lmgrd says it cannot start the vendor daemon fintron. Whats wrong?

daemon lmgrd vendor wrong
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lmgrd says it cannot start the vendor daemon fintron. Whats wrong?

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FlexLM 6.1 looks for the vendor daemon in the current directory, the $PATH list, or in the directory where lmgrd is located, if no path is specified on the VENDOR line. If fintron is not in any of the above places, please specify its path on the VENDOR line: VENDOR fintron /user/admin/license/daemons Make sure that fintron has execute permission for the user who started lmgrd.

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