As explained in this thread, I have successfully accessed the BIOS on my CR-48. Now when booting it up, this is what happens:
So I proceed to boot up my PCLOS-LiveUSB, made with PCLinuxOS-LiveUSB. It has LXDE-mini, Phoenix-mini, and E17-light on it. The reason I put these light ones was because the CR-48 only has a 16GB SSD drive, and I wanted to keep it dual-boot. I booted up LXDE-mini, and upon switching to Verbose, found that it stopped booting at:
Searching for the loop image: /dev/sda1
/dev/sda2
/dev/sda3
/dev/sda4
/dev/sda5
/dev/sda6
/dev/sda7
/dev/sda8
/dev/sda9
/dev/sda10
/dev/sda11
/dev/sda12
[DONE}
ERROR: Unable to mount the livecd
Dropping you to a limited shell.
Loading /initrd/bin/ash
/initrd/bin/ash: can't access tty: job control turned off.
$_
This happened with all three flavors of PCLOS that I had on the LiveUSB. Anybody have any advice on what I could try? BTW, it has an Intel Atom N455 @ 1.66GHz Single-Core, 2 GB RAM in the first slot, and the second slot empty, Sandisk SSD P4 16GB, and an Intel GMA integrated graphics card. I found this all out from the BIOS.
Anyone have any ideas? 
I would suggest that you edit the heading to reflect that fact you are asking about a LiveUSB and not a LiveCD

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From your output, it appears that the system cannot find the named .sqfs file on your system.
To try to determine the cause a lot more info is needed. Please post back with the results of the following (including command used) ...
fdisk -l [lower case L and run as root]
Highlight the partition you are trying to use in the output posted above.
The contents of the
/boot/grub/menu.lst file that is in control of the booting.
Also, do an MD5sum comparison of the .sqfs file on the USB device and the .sqfs from the downloaded ISO. Also of course confirm that the ISO itself produces the correct MD5sum when compared to the number provided with it.
Please take the time to confirm the above and post back about each so that we are sure of those items before drawing any conclusions.
regards.