submodule init problem

Hello,

I encountered this message in "git submodule init":
"No url found for submodule path '<submodule>' in .gitmodules"

But when I look at .gitmodules, the <submodule> url is there.
Subsequently, I cannot do "git submodule update"

Here's the full log:
rnite@linuskarl:~/git_dev/myproj$ ~/bin/git --version
git version 1.5.3.rc2.g11308
rnite@linuskarl:~/git_dev$ mkdir flash
rnite@linuskarl:~/git_dev$ mkdir flashboard
rnite@linuskarl :~/git_dev$ cd flash
rnite@linuskarl:~/git_dev/flash$ echo "foo" > flash.v
rnite@linuskarl:~/git_dev/flash$ ~/bin/git init
Initialized empty Git repository in .git/
rnite@linuskarl:~/git_dev/flash$ ~/bin/git add flash.v
rnite@linuskarl:~/git_dev/flash$ ~/bin/git commit -a -m "initial
commit of flash module"
Created initial commit c19874e: initial commit of flash module
 1 files changed, 1 insertions(+), 0 deletions(-)
 create mode 100644 flash.v
rnite@linuskarl:~/git_dev/flash$ cd ../flashboard
rnite@linuskarl:~/git_dev/flashboard$ echo "foo" > flashboard.v
rnite@linuskarl:~/git_dev/flashboard$ ~/bin/git init
Initialized empty Git repository in .git/
rnite@linuskarl:~/git_dev/flashboard$ ~/bin/git add flashboard.v
rnite@linuskarl:~/git_dev/flashboard$ ~/bin/git commit -a -m "initial
commit of flashboard module"
Created initial commit 45dff87: initial commit of flashboard module
 1 files changed, 1 insertions(+), 0 deletions(-)
 create mode 100644 flashboard.v
rnite@linuskarl:~/git_dev/flashboard$ cd ..
rnite@linuskarl :~/git_dev$ mkdir myproj
rnite@linuskarl:~/git_dev$ cd myproj
rnite@linuskarl:~/git_dev/myproj$ ~/bin/git init
Initialized empty Git repository in .git/
rnite@linuskarl:~/git_dev/myproj$ ~/bin/git submodule add ~/git_dev/flash
Initialized empty Git repository in /home/rnite/git_dev/myproj/flash/.git/
remote: Generating pack...
remote: Done counting 3 objects.
Deltifying 3 objects...
 100% (3/3) done
Total 3 (delta 0), reused 0remote:  (delta 0)
Indexing 3 objects...
 100% (3/3) done
rnite@linuskarl:~/git_dev/myproj$ ~/bin/git submodule add ~/git_dev/flashboard
Initialized empty Git repository in /home/rnite/git_dev/myproj/flashboard/.git/
remote: Generating pack...
remote: Done counting 3 objects.
Deltifying 3 objects...
 100% (3/3) done
Total 3 (delta 0), reused 0remote:  (delta 0)
Indexing 3 objects...
 100% (3/3) done
rnite@linuskarl:~/git_dev/myproj$ ~/bin/git submodule init
No url found for submodule path 'flash' in .gitmodules
rnite@linuskarl:~/git_dev/myproj$ cat .gitmodules
[submodule "flash"]
        path = flash
        url = /home/rnite/git_dev/flash/.git
[submodule "flashboard"]
        path = flashboard
        url = /home/rnite/git_dev/flashboard/.git

I can add more submodules, but the message stays the same after "git
submodule init" and I cannot do "git submodule update"

help,
RickyN