Found a work around.
1. Rename your current launch box folder so you have a backup.
2. Install a fresh copy of launch box
3. Open Dirlinker and choose your local launch box folder and the destination you would like to copy it to.
4. Once the copy has completed open launch box to test it will open.
5, Close launch box, Go to your original lunchbox backup folder and copy it's contents over the top of the newly created network folder.
6. open launch box from your desktop shortcut and enjoy.
For some reason it still won't load if you navigate directly to the network share but it will working using the symlinked shortcuts
https://archive.codeplex.com/?p=dirlinker