I think the part that activates the menu needs to be inside a tag that has the id being registered. Here part of the default postbit template:
Code:
<div id="postmenu_$post[postid]">
<if condition="$show['profile']">
<a class="bigusername" href="member.php?$session[sessionurl]u=$post[userid]">$post[musername]</a>
$post[onlinestatus]
<script type="text/javascript"> vbmenu_register("postmenu_$post[postid]", true); </script>
<else />
$post[musername]
</if>
</div>
It looks like you took out the <div id="postmenu_$post[postid]"> part.