Well I'm losing my patience with this install now, still nothing. I changed it to R/W, copied it to the /system/priv-app and installed, like the damn thing said and still nothing.
Still when I open Gsam is says "The Root companion application is not installed correctly in /system/priv-app. Please launch the application and verify it is correctly installed." Launch it, still get the same nonsense "This app needs to be installed in /system/priv-app/. You can do this manually using a tool such as Root Explorer, or use the automated method below."
Manually did nothing for me, automatic does even less and still throws out the error that I can't catch as it goes away to fast. Can't even grab a screen shot of it nothing, way to fast.