insmod: error inserting '/usr/local/lib/click.ko': -1 Cannot allocate memory

Hi list,
I managed to build the patchless Click kernel version under 2.6.38,
but insmod fails with the following:

root@pc-10089:~# click-install forw.click
insmod: error inserting '/usr/local/lib/click.ko': -1 Cannot allocate memory
click-install: '/sbin/insmod /usr/local/lib/click.ko' failed

Any ideas? Did anyone have same issues?

Thanks,
Daniel