I think first you should stop using wodSFTP.OCX, and switch to wodSFTP.DLL (COM Object) since you may have problem with licensing this way).
Anyway, what I think could solve your problem is to call OleInitialize API from within each new thread - this is a requirement I think.
BTW does this error have some error number? Which one is it?
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Brilliant, even works on the mobile phone...
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