Hi
OK may be a fault with the version, (and in that version the number of files in each bin will not be shown.)
You say that the "phantom" text has a black background?... This must be as seen in the right hand (sequence) preview screen.
This suggests that the text "image" is placed above a blank black frame positioned onVideo track 1.
So... Is there a black frame on Video track 1?
Where is the red cursor bar when the ghost text appears?
Check the overlay track (Video track 2) for anything at this pont.
If the overlay track is really empty and you are still getting that text then it is most likely to be a bug in that version.
The main video doesn't have any text on it by any chance..........?
Therefore I suggest.....
Click on "Options" and then click "Clear all the cache files on exit."
Close VP and then reopen it.
Load your saved project. If all the constituent files are in the same place on the PC, the project will load back OK, but will take slightly longer than normal.
Now check if it is any different.
If it is still there now...
I would suggest going to the NCH site and downloading version 3.29 (Save the setup.exe ) and load your project into this..it should load OK.
Nat