OS/2 Warp 4.52 OS2LVM failure

When I try to boot OS/2 Warp 4.51 (Merlin), 4.52 (Aurora) or eCS 1.2.5, etc. I always get an exception in OS2LVM (TRAP 000E). You can reproduce the bug using this disk image: https://drive.google.com/open?id=1zzjs9hTS0TK-Xb5hnon8SQ-2C1EmlYfy



Is this a regression on previous behaviour or has never worked? What is the command line you used to launch QEMU? What version have you tested on?

As far as I know it has never worked. I have checked it on version 2.11 and attached a link to my disk image. I used qemu-system-i386w -cpu pentium3 -m 128 -hda c.img -boot c

[Expired for QEMU because there has been no activity for 60 days.]