IT, Problems with NNA?

[sezero]

As reported by Thomas Neumann (@neumatho):

I found another IT module, that sounds very strange. It is right at the
beginning in first channel. The guitar it cut when playing a note. Where
it happens, there is a S70 effect, which is according to the description,
some kind of note cut. MikMod does a notecut, but when playing this module
in other players, they do not cut the note. So I do not know, if MikMod
plays it correctly, even if it sounds weird or there is some kind of issue
with this effect.

Crying For You.zip

[sezero]

@AliceLR: ideas?