Recurring Event - Time-out

When using recurring events and selecting "Repeat Every "X" Months on "X" "Wednesday" on the month", there is a timeout while executing com_eventbooking$view=event resulting in a white screen. I am able to use monthly recurring events for "first" through "fifth" on ever day of the week except using the "Wednesday" pull down. It appears script doesn't like "Wednesday". Each time I try to use it, there is a timeout resulting in a white screen. Any help is greatly appreciated.

Haven't had the time out problem yet but for events in the first week of the month the first month is skipped and subsequent months have the recurring event on the day before the day I chose.

Mike