Here is complete out when flashing.
C:\Utils\RM696>flasher -F A0E9827F_DFL61_HARMATTAN_40.2012.21-3.339.2_PR_LEGACY_339_ARM_RM-696_PRD_signed.bin -f
flasher 3.12.1 (Oct 6 2011) Harmattan
WARNING: This tool is intended for professional use only. Using it may result
in permanently damaging your device or losing the warranty.

Suitable USB interface (bootloader/phonet) not found, waiting...
Found device RM-696, hardware revision 1603
NOLO version 2.3.6
Version of 'sw-release': DFL61_HARMATTAN_40.2012.21-3.339.2_PR_339
Sending ape-algo image (7103 kB)...
100% (7103 of 7103 kB, avg. 20295 kB/s)
Suitable USB interface (phonet) not found, waiting...
ERROR: CreateFile, error = 5
Ping attempt 1 (250 ms)
Server application: 1.7.2
Found product RM-696 rev. 1603
Server implements softupd protocol version 1.8
Image SW version DFL61_HARMATTAN_40.2012.21-3.339.2_PR_339
Image moslo not present
Image mmc not present
Image tar skipped
Image config skipped

Battery level 80 %, continuing.

image [state progress transfer flash speed]
---------------------------------------------------------------------
[x] cert-sw [finished 100 % 1 / 1 kB NA ]
[x] cmt-2nd [finished 100 % 95 / 95 kB NA ]
[x] cmt-algo [finished 100 % 789 / 789 kB NA ]
[_] cmt-mcusw [finishing 0 % 6050 / 6050 kB 3077 kB/s]
[x] xloader [finished 100 % 23 / 23 kB NA ]
[x] secondary [finished 100 % 94 / 94 kB NA ]
[x] kernel [finished 100 % 2714 / 2714 kB 1686 kB/s]
[_] rootfs [finishing 100 % 32768 / 1170221 kB NA ]
ERROR: SU_GET_UPDATE_STATUS_REQ terminated with error code 1: Unknown error

image [state progress transfer flash speed]
---------------------------------------------------------------------
[x] cert-sw [finished 100 % 1 / 1 kB NA ]
[x] cmt-2nd [finished 100 % 95 / 95 kB NA ]
[x] cmt-algo [finished 100 % 789 / 789 kB NA ]
[_] cmt-mcusw [finishing 0 % 6050 / 6050 kB 3077 kB/s]
[x] xloader [finished 100 % 23 / 23 kB NA ]
[x] secondary [finished 100 % 94 / 94 kB NA ]
[x] kernel [finished 100 % 2714 / 2714 kB 1686 kB/s]
[f] rootfs [finishing 0 % 32768 / 1170221 kB NA ]
ERROR: SU_GET_UPDATE_STATUS_REQ terminated with error code 1: Unknown error

image [state progress transfer flash speed]
---------------------------------------------------------------------
[x] cert-sw [finished 100 % 1 / 1 kB NA ]
[x] cmt-2nd [finished 100 % 95 / 95 kB NA ]
[x] cmt-algo [finished 100 % 789 / 789 kB NA ]
[f] cmt-mcusw [finishing 0 % 6050 / 6050 kB 3077 kB/s]
[x] xloader [finished 100 % 23 / 23 kB NA ]
[x] secondary [finished 100 % 94 / 94 kB NA ]
[x] kernel [finished 100 % 2714 / 2714 kB 1686 kB/s]
[f] rootfs [finishing 0 % 32768 / 1170221 kB NA ]
Fetching error list:
========================================
bb5_rdc_cert_read failed
bb5_rdc_cert_read failed
bb5_rdc_cert_read failed
bb5_rdc_cert_read failed
bb5_rdc_cert_read failed
bb5_rdc_cert_read failed
mmc: sfdisk returned status 1
mmc: Could not exec 'tune2fs -L rootfs /tmp/sudmmcXUpjk8/internal0p2'
mmc: Could not remove mount directory /tmp/sudmmcXUpjk8/mnt: No such file or directory
[Pipe 5] Finishing in error state with status 1
MTC_NOS_READY not received
MTC_NOS_READY not received
MTC_NOS_READY not received
CMT RFS failed
[Pipe 7] Finishing in error state with status 1
========================================

ERROR: Failed to flash images