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You need a streaming server or use 'php streaming' to be able to 'seek' into flash movies. So it has nothing to do with the payer, most of the players out there have the function, but without a streaming server it won't work.
A streaming server can be quite expensive, so it's better to use lighttpd with the streaming flv module which is free.
Also as mentioned befor the videos need to be injected with the right metadata.
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