Mysql Open Files Limit

I been having a heck of a time just with this one cpanel server and open files limit. At first using open_files_limit did not work so I changed it to open-files-limit that seemed to work but now it rejects the value and sets its down to 65535.

Then system open files limit is 500000. I try to set it to any value about 65535 in my.cnf and here is usual error:

090630 9:32:07 [Warning] option 'open_files_limit': unsigned value 120510 adjusted to 65535
090630 9:32:07 [Warning] option 'open_files_limit': unsigned value 120510 adjusted to 65535

When I run something like the tuning-primer it shows:

Current open_files_limit = 120510 files

The open_files_limit should typically be set to at least 2x-3x
that of table_cache if you have heavy MyISAM usage.

Your open_files_limit value seems to be fine

But Im not sure if it is just reading my.cnf or something. I am still getting complaints from users about lost connections and I see the errors in error log. Ive looked everywhere and cant seem to find a solution to this.