Alex,

In my system environment I have
FALCON_HOME=D:\flex_sdk\empty_folder\apache-flex-falconjx-0.8.0-bin
In Moonshine SDK is pointed to RC1 as you can see in the links.

Moonshine is using this paths to try build flexjs app. 
In most cases both paths are the same, but this time I wanted to test binary
package of Falcon itself.

I hope it is more clear now.

Piotr



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