Qt and ScratchBox2

Turns out I'm facing some problems with sb2-build-libtool and wondered if you guys could shed some light on it. (I am trying to set up an environment to work with angstrom for armv7a I intend to cross compile Qt and some very boring dependencies..hence sb2)

this is the full sb2-init command I'm using:
sb2-init -c /usr/bin/qemu-arm angstrom-beagle /home/saul/Desktop/OE_INSTALL/setup-scripts/build/tmp-angstrom_2008_1/sysroots/i686-linux/usr/armv7a/bin/arm-angstrom-linux-gnueabi-gcc
from within
/home/saul/Desktop/OE_INSTALL/setup-scripts/build/tmp-angstrom_2008_1/sysroots/armv7a-angstrom-linux-gnueabi
(as you may have noticed I'm using OE for toolchain and includes, as well as libs)

when I run the line above, I get the following:
configure: error: C compiler cannot create executables
See `config.log' for more details.

looking at config.log I see:
arm-angstrom-linux-gnueabi-gcc: couldn't run '/home/saul/Desktop/OE_INSTALL/setup-scripts/build/tmp-angstrom_2008_1/sysroots/i686-linux/usr/armv7a/bin/arm-angstrom-linux-gnueabi-gcc--specs=/usr/share/scratchbox2/modeconf/gcc-specs.simple': No such file or directory

any thoughts would be appreciated,
many thanks in advance

Saul Andrade