newusers command - permission denied

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http://forums.fedoraforum.org – In Fedora 17, I'm trying to add a batch of users from a text file using the newusers command. I created a file named users.txt, located in root's home directory. The file is owned by the root user and root group. The command I enter (logged in as root) is: newusers /root/users.txt but I keep getting this error: newusers: /root/users.txt: Permission denied I've tried setting the permissions on users.txt to rwxrwxrwx, but that hasn't changed the result. Please help! (HowTos)