No it does not work and the steps I use to create the problem are exactly what I already tried to articulate clearly.
My program generates this code:
------------------------------<br><h1 align=center>New Form</h1><br><br>
<form method=POST action="/rise/formproc.asp?uid={B4EF718E-DA4B-441B-8A7A-51C0D089C3A5}"><table width="95%"><tr><td>Sample textbox</td><td><input type=text name=t1 value="sample text"></td></tr><TR><TD align="right">Please enter the code<br>shown here ==></TD><TD><!-- #include virtual="rise/CAPTCHA/CAPTCHA_form_inc.asp" --></TD></TR><tr><td colspan=2><input type="submit" name="b1" value="Submit"></td></tr></table></form><br>------------------------------<br>
Copy and paste that into HTML mode in the example you cite for me.
Then switch to normal and right back to html - two clicks of the mouse.
Note that it screws up the code I put it. Most notably, it puts quotes in the wrong place in the action= parameter, thus breaking the form.