Hi All,
I've managed to solve the issue. Even though when setting the new storage location in the software it would go to that location if you clicked on the button to change storage location, The path it wrote to the registry was a little screwed up and when I changed it to what it should be everything is now working.
The path that it wrote to the registry was something like this
D:/Virtugirl/vghd/models\models\ where as it should have been D:\Virtuagirl\vghd\models