Alternate Snapshot Folder not working in transactional replication.

As described in article 

http://blogs.msdn.com/b/repltalk/archive/2010/03/07/tips-to-improve-performance-when-applying-snapshot-in-transactional-replication.aspx

1) Create Publication then copy the Snapshot folder contents to the local Subscriber.  You can use any method to zip and/or move the files across the network. The Subscriber folder much have “UNC” folder in the path such as:

D:\LocalSubscriber\unc\CHRISSK1$SQL2K8_ADVENTUREWORKSLT_TRANUPDATE

instead of copying i moved folder to subscriber and dropped original snapshot folder 

i am getting below error

Message
2012-11-04 17:36:21.908 Copyright (c) 2008 Microsoft Corporation
2012-11-04 17:36:21.908 Microsoft SQL Server Replication Agent: distrib
2012-11-04 17:36:21.908 
2012-11-04 17:36:21.908 The timestamps prepended to the output lines are expressed in terms of UTC time.
2012-11-04 17:36:21.908 User-specified agent parameter values:
-Subscriber BHAVYAA
-SubscriberDB abcd
-Publisher BHAVYAA
-Distributor BHAVYAA
-DistributorSecurityMode 1
-Publication adventureworks
-PublisherDB AdventureWorks
-ALTsnapshotFolder c:\compressed
-XJOBID 0x31D1758C46E51F44B909182B8EB4011D
-XJOBNAME BHAVYAA-AdventureWorks-adventureworks-BHAVYAA-12
-XSTEPID 2
-XSUBSYSTEM Distribution
-XSERVER BHAVYAA
-XCMDLINE 0
-XCancelEventHandle 00000000000006B0
-XParentProcessHandle 0000000000000750
2012-11-04 17:36:21.909 Startup Delay: 8814 (msecs)
2012-11-04 17:36:30.724 Connecting to Distributor 'BHAVYAA'
2012-11-04 17:36:30.813 The concurrent snapshot for publication 'adventureworks' is not available because it has not been fully generated or the Log Reader Agent is not running to activate it. If generation of the concurrent snapshot was interrupted, the Snapshot Agent for the p

Retries Attempted0

Message
2012-11-04 17:36:21.908 Copyright (c) 2008 Microsoft Corporation
2012-11-04 17:36:21.908 Microsoft SQL Server Replication Agent: distrib
2012-11-04 17:36:21.908 
2012-11-04 17:36:21.908 The timestamps prepended to the output lines are expressed in terms of UTC time.
2012-11-04 17:36:21.908 User-specified agent parameter values:
-Subscriber BHAVYAA
-SubscriberDB abcd
-Publisher BHAVYAA
-Distributor BHAVYAA
-DistributorSecurityMode 1
-Publication adventureworks
-PublisherDB AdventureWorks
-ALTsnapshotFolder c:\compressed
-XJOBID 0x31D1758C46E51F44B909182B8EB4011D
-XJOBNAME BHAVYAA-AdventureWorks-adventureworks-BHAVYAA-12
-XSTEPID 2
-XSUBSYSTEM Distribution
-XSERVER BHAVYAA
-XCMDLINE 0
-XCancelEventHandle 00000000000006B0
-XParentProcessHandle 0000000000000750
2012-11-04 17:36:21.909 Startup Delay: 8814 (msecs)
2012-11-04 17:36:30.724 Connecting to Distributor 'BHAVYAA'
2012-11-04 17:36:30.813 The concurrent snapshot for publication 'adventureworks' is not available because it has not been fully generated or the Log Reader Agent is not running to activate it. If generation of the concurrent snapshot was interrupted, the Snapshot Agent for the p

---

Manish