Text Editor Component in Pentaho Dashboards

Hi,

I am trying to use the text editor component in dashboards, but when i click save button in the component the notification panel says "we are sorry! we really tried.."
The path to file is of format: http://localhost:8081/pentaho/notes/1.txt

Requirement:
Save the entered data to a text file in server. The text may not exist initially and on click of save it has to create the file and save the contents. The component should also be able to load already existing contents from the file.
Can anyone let me know if this is achievable using the Text Editor component and/or how can it be achieved.

Thanks,
Sunny