ok I have loaded a png file to both:
http://mastercatters2.com/gallery/im...termarkmc2.png
and
http://mastercatters2.com/images/misc/watermarkmc2.png
then added those url's (one at a time of course) to my watermark options in the admin panel, made some other selections like on the fly yet it doesn't show up.
from your instructions it looks like I should have had a photopost file but didn't see one,,,there was two gallery files hence the reason I put the watermark in two locations
So what am I doing wrong?