PNG background showing as black instead of transparent on userform using GDI

Hi,

As the title, I am having problem of loading a png image with retain its transparent background on the image control of userform by using GDI snippet that created by Stephen Bullen.

GDI module.

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To show the form.

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Here is the form.
fail.JPG

And here is the original picture, http://www.userlogos.org/files/logos...mac/hp.1.u.png

Am I missing something else?

And here is the goal to achieve of using transparent background PNG images.
goal.jpg

Could it be done in any possible way?