A reason could also be that you have compiled without the loginserver. In that case:
Code:
cd /home/eqemu/server_source/Server
rm CMakeCache.txt
cmake -G "Unix Makefiles" -DEQEMU_BUILD_LOGIN=ON -DEQEMU_BUILD_LUA=ON -DEQEMU_DISABLE_LOGSYS=ON -DEQEMU_BUILD_PERL=ON
make clean
make -j4
cp -a ./bin/* ./build/bin/
and then the ln -s .... from above