Board Thread:Questions and Answers/@comment-11395010-20130629164035/@comment-4975365-20130629172339

For some folks it seems to be necessary to try this: Place WSELoader, WSELoaderServer, WSELib, WSELibDedicated, WSELibNoSSE and Mount And Blade Old into the main folder of the game "C:\Program Files (x86)\Steam\SteamApps\common\mountblade warband"

Let me know if that resolves things and if not we'll try a different approach.