Warning: This compilation unit did not have a factoryClass specified in Frame metadata to load the configured runtime shared libraries. To compile without runtime shared libraries either set the -static-link-runtime-shared-libraries option to true or remove the -runtime-shared-libraries option.
Find the flex-config.xml file under the "frameworks" directory where you saved the Flex 4 files, and change the following from "false" to "true":
<static-link-runtime-shared-libraries>false</static-link-runtime-shared-libraries>
to -->
<static-link-runtime-shared-libraries>true</static-link-runtime-shared-libraries>
I'm on a Linux box here, but this should also do the trick on a Windows platform as well.
Cheers!