BTW, if you want a quick fix and if you have CursorFX v2.16 install somewhere. You can open it in CursorFX v2.16, Edit -> Save as -> xxxx.CursorFX. Copy it over to your CursorFX v4.03 system, install that new saved xxxx.CursorFX. You will have both the old xxxx.CurXPTheme and the the new xxxx.CursorFX theme listed. The new one should have a proper text state.
Not really sure why it need to old CursorFX v2.16 to convert it and it won't work if you do the conversion in CursorFX v4.
Thank you,
Basj,
Stardock Community Assistant