How do you install??

I am trying to install the EDUblogs bb-press theme but have to be missing something. The readme file says:

Unzip the dowloaded zip file.
Upload the files inside themes folder to /bb-templates/.
Make sure your install path are correct
/www/var/site/forums/bb-templates/thethemename
or
/www/var/site/forums/my-templates/thethemename
Login to your dashboard » appearence and activate the themes
Your theme should be usable and activated now

I created the my-template file and uploaded the theme.
Mine looks like - /www/bb-templates/eduBB
The readme says - /www/var/site/forums/my-templates/eduBB

The site is only going to be used as a forum there is no need for a 'forum' directory.

When I go to the theme panel in wordpress, the theme isn't there. Is there something I'm doing wrong?