Make sure you dumped it correctly. Don't use dumper plugins of OllyDbg. Both of them (OllyDump & Olly PE Dumpder) have problem with Armadillo. Try other dumpders like Lord PE & PE Tools.
Make sure you fixed all imports. I said patch JE to JMP, but you should put hardware bp on that CALL and run it again.
To make it smaller, wipe 3 sections before .rsrc which are Armadillo codes or use on of them for import addresses and wipe 2 of them.