So your saying, if (1) i created a *.txt download entery, (2) deleted that folde, (3) had remotes ending in .TXT in my mirc dir, (4) had someone dcc me the same .txt file , I could be exploited!
OMG OMG the sky is falling.
IMO if you delete the folder your ment to send the file to its no wonder it downloads to "."
