I guess you have installed version. Now you installed new version over existing, but you installed is as portable. Portable version has multiuser set OFF, non portable ON. Multiuser version has files stored in user profile (%AppDAta\PSPad), portable version in the PSPad folder.
-- <http://forum.pspad.com/read.php?2,69024,69027> PSPad freeware editor http://www.pspad.com
