The screenshot you posted showed it being run from explorer. Running it from a command prompt after you cd to the directory ensures the working directory is correct, where running it from a batch file wouldn't. It also ensures that any output from the program would remain in the window for you to copy/paste.
I would delete the shared and logs directories, empty the trash if you use the recycle bin, then reboot. After that, from a command prompt navigate to the server directory, create both the shared and logs directories using mkdir, then run shared_memory again. There should be output both in the command prompt window as well as a log file in the logs directory.
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