Not necessarily the Runtime and Poser must be in the same folder. Poser must have more information somewhere else about the Runtimes. In Poser 5 you can have several Runtimes and you simply point Poser to the one you need. BTW, the screenshot from above shows a pathname that is not true. The texture in reality lies in a Runtime folder that is called "Runtime Animals and Architecture". But Poser knows where to look at in fact. Maybe that is the reason why so many applications have problems with Poser stuff.

One day your ship comes in - but you're at the airport.