unzip the attached zip file and execute:

java -Xcomp mschrag.flash.FlashPlayer eye4u_1a.swf

IllegalArgumenException is thrown
  at java.awt.Color.testColorVCalueRange(Color.java 217)
  at java.awt.Color.<init>(Color.java:290)
  at java.awt.Color.<init>(Color.java:269)
  at ,mschrag.flash.parser.Parser.getColor(Parser.java:292)
  ...

If you exclude:
   exclude mschrag/flash/parser/Parser getUByte

the application seems to get further. However, threre seems to be a hag after we get passed this part. Note, that the mixed mode works correctly. I will file a new bug for the hang in comp mode, and stack over for the mixed mode.