Links 2 is running ok, but if I want to BUILD ALL i get an error:

CGI ERROR
==========================================
Error Message : unable to open what's cool page: home/sites/site111/web/links/pages/cool/index.html. Reason: No such file or directory
Script Location : /home/sites/site111/web/links/admin/nph-build.cgi
Perl Version : 5.00503

What could I do? Please help me!