Relative path for VFS (Virtual File System)

Tried using symlink with relative path and although the symlink by itself works (it correctly navigates to the folder where games are), rpcs3 does not know how to utilize it. Here is the error:

RPCS3 v0.0.9-9890-47bbfdd2 Alpha | HEAD | Firmware version: 4.85
Intel® Core™ i7-4710MQ CPU @ 2.50GHz | 8 Threads | 31.92 GiB RAM | TSC: Bad | AVX+
F SELF: Failed to locate the game license file: G:/LaunchBox/Emulators/rpcs3/dev_hdd0_symlink/home/00000001/exdata/UP2004-NPUB30054_00-CUBOID0000000000.rap.
Ensure the .rap license file is placed in the dev_hdd0/home/00000001/exdata folder with a lowercase file extension.
If you need assistance on dumping the license file from your PS3, read our quickstart guide: https://rpcs3.net/quickstart
E SELF: SELF: Can't find RAP file for NPDRM decryption!
E SELF: SELF: Failed to load SELF file metadata!
E SYS: Failed to decrypt SELF: G:/Roms/rpcs3/dev_hdd0/game/NPUB30054/USRDIR/EBOOT.BIN

What apparently happens is rpcs3 does not recognize the shortcut/symlink and always creates bogus dev_hdd0_symlink, dev_hdd0_symlinkdisc, dev_hdd0_symlinkgame, dev_hdd0_symlinkhome and dev_hdd0_symlinksavedata folders inside the root rpcs3 folder.

Can a dev advise please? Not only is relative path not working, but a viable workaround also fails.