Using the console I get this much...
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RouterBOOT booter 2.6
RouterBoard 532
CPU frequency: 399 MHz
Memory size: 32 MB
Press any key within 2 seconds to enter setup..
kernel not found
trying bootp protocol... OK
Got IP address: 192.168.10.15
resolved mac address 00:16:36:6A:49:3A
transfer started ...................... transfer ok, time=1.31s
setting up elf image... OK
jumping to kernel code
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Welcome to MikroTik Router Software remote installation
Press Ctrl-Alt-Delete to abort
mac-address: 00:0C:42:08:D2:3B
software-id: UMJD-3TT key:
RtGc4WgrKW9jEr9rsIaFf02tManqAZL0HY/yGFDXIx6KCL+GHuhZVKzHAxU7Y7/Jr96GAgP+eLbqUMqbVYQqAA==
Waiting for installation server...
Found server at 00:50:56:C0:00:08
Formatting disk...
ERROR: could not format partitions
Press ENTER to reboot