You could try this.
Set up windows Hyperterminal to your machines com settings (as you have mentioned above (they are correct in my machine)). Save your MCam post file with the .txt extension.
When in Hyperterminal go to "transfer" - "send text file" (make sure the fadal is waiting to receive the program).
Browse to the .txt post file and click open.
You don't need line numbers, you do need percent signs.
If this works then you know that it is just your send program (which you are fairly sure of already).
I send all my batch programs this way and use ExpertDNC for drip feeding.
Your computer has Hyperterminal on it, the easiest way to find it is do a C: search (cause I can never remember where MS has it hidden) and create a desktop shortcut.
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