I have no idea about AVG. We used to use AVG but changed to AVAST after AVG had their problem with one of their updates. Nonetheless, it would not surprise me that a number of anti-virus programs may end up complaining. However, I have some new news that may be helpful.
My post of yesterday was after spending two days fretting with this problem. Later yesterday, after my post, we tried something that makes no sense to us but appears to have solved the problem. During all of our testing, we had never attached an icon file (.ico) as provided for on the Customize exe tab of XLSPadlock. Just for grins, figuring that it would still fail the virus scan, we assigned the icon for the application that we had built some time earlier. Amazingly, after compilation, it sailed through the virus scan perfectly. We were careful to remove the previously identified “false positives” from the AVAST quarantine chest so that AVAST and even changed the name of the file in XLSPadlock before compiling. We carried out exhaustive testing after that to see if it had something to do with the information on the “Customize exe version” form (see button for this near the bottom of the Customize EXE tab) in XLSPadlock also. What we ultimately found was that it is all dependent on whether we use our icon or not. Does not matter what is put on the “Customize exe version” form. If we attach the icon, AVAST never sees a problem! Go figure. Maybe the GDG Software folks can give us some idea of what might be happening, I hope, so we can, possibly, create some better VBA code in our Excel workbook to handle this issue.
Having said all this, I offer it only as something that we found. It may not be relevant to the issue with AVG.