Instead of terminal, go into GEM settings, "Performance", and check "Compcache". Reboot. Then check compcache stats in terminal.
I am running the 125/1000 LV kernel from cvpcs and compcache and the module loads fine - your error seems to indicate you don't have the correct permissions.
awesome dude thanks that worked...i check the setting in gem and reboot and when checking setcpu it shows there is a swap active even if term emu wont allow me to do anything lol