I figured as much, and asis the onlyway i can think of doing anything remotely capable of doing that would be to do what i said above and forward to the portal page; the portal itself is tied into the forum, by using just the ubbthreads.php script in the web root would cause non functioning links, so a redirect to the working forum directory was what i figured could work like how he'd want.
Also, if you're planning on traffic from search engines, it's not recommended to seperate elements of your site by subdomains, as search engines treat subdomains as differant sites, so the ammount of pages on your site total will be drastically decreased from your forum not being on your web root.