If you load
Who's Next
from factory bank A you'll see the sequencer has all sliders at zero when they shouldn't be.
Preset is attached, but it's just imported from the factory bank A and then exported from Axe-Edit.
This is the AFIII preset from the AFIII factory bank. Booting FM9 to get you the FM9 preset but...it's the same factory preset, just for the FM9, that shows the problem there as well.
View attachment 138668
Who's Next FM9 shows the problem as well:
View attachment 138669
Preset is also attached, but it's just the factory bank A preset loaded into the unit via FM9-Edit and then exported.