Never had this problem myself. In fact my problems were that the program I use to make subtitles had a delay and that was because of an improper codec setting, to be precise it was MPEG2. But didn't affect avi files. Maybe you'll find the error right there, not in BSPlayer. Your program have a preview window ? Does the subtitle work ok in there ?
If you change format from srt to sub does the problem persist ?
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