There is a missing ground connection on the Bypass section of I/O pads for the Phaser side. If you are in the process of building, simply run a wire jumper under the board from the G pad to the nearest ground via, as shown in the illustration below. If you have already boxed yours up, no worries: run a ground wire from the Delay or Overdrive switch over to the Phaser footswitch - will accomplish the same thing.
My apologies for the oversight - this will get corrected on the next batch of boards.
I knew it !!! 8)
I found the same issue when I did mine and fixed it that day and forgot to mention it in my build report. I ended up jumping the ground and using the positive from the phase ossilating LED as my main on/off indicator. So now whenever I turn the phase effect on, the LED shows me the speed. I like it better that way.
Just wanted to report the fix as outlined by Brian above, worked beautifully. Thanks Brian.
Steve.