This was really stupid of me not to notice, all I had to do was simplify the way the flash object was being called:
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN">
<html>
<head>
<title>{GVAR: FORUM_TITLE}{VAR: TITLE_EXTRA}</title>
{META-CONTENT-LANGUAGE}
<BASE HREF="{FULL_ROOT}">
<script language="javascript" src="lib.js" type="text/javascript"></script>
<link rel="StyleSheet" href="{THEME_ROOT}/forum.css" type="text/css" media="screen" title="Default FUDforum Theme">
</head>
<body>
<table width="792" border="0" cellpadding="0" cellspacing="0">
<!--DWLayoutTable-->
<tr>
<td width="232" height="59" valign="top">
<OBJECT classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000"
codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,0,0"
WIDTH="232" HEIGHT="59" id="emailform" ALIGN="">
<PARAM NAME=movie VALUE="../digibluanim.swf"> <PARAM NAME=quality VALUE=high> <PARAM NAME=bgcolor VALUE=#0066FF> <EMBED src="../digibluanim.swf" quality=high WIDTH="232" HEIGHT="59" NAME="emailform" ALIGN=""
TYPE="application/x-shockwave-flash" PLUGINSPAGE="http://www.macromedia.com/go/getflashplayer"></EMBED>
</OBJECT>
</td>
<td width="560" align="center" valign="middle" bgcolor="#0066FF"><font color="#0099FF" size="2" face="MS Sans Serif, MS Serif, Tahoma, Verdana"><strong><br>
NONE OF US IS AS SMART AS ALL OF US.</strong></font>
</td>
</tr>
</table>
<table width="100%" border="0" cellspacing="3" cellpadding="5"><tr><td class="ForumBackground">
Never mind and to those of you who might have already started looking into this, thanks!