Winforms Picture box transparency

Hey, I'm trying to make a label that shows a number on an image, however when I set the label's background to be transparent it shows my form's background color rather than being transparent to the pictureBox beneath it. Here's what I mean:

http://i.gyazo.com/6ad66494e29b711dfa773489a94b724a.png

Any ideas?
Open the pic in your photo editor, get the hex of the color, enter the hex in the bg color of the label.
Assuming your picture has transparency already...

This has been ages ago, but IIRC, it's a bug (or I'd call it that) in how Microsoft implemented their picture box. You could use one from a different library and it should work. Or just download someone else's implementation.

Or I could be thinking of something completely different.
Topic archived. No new replies allowed.