This project is invalid - oh yeah what next?

Has any one encountered this error or am I just lucky  - I had to open this project in a copy of storyline that did not have to latest update so that I could import about 15 screen demonstrations and now it won`t open now that I am trying to open on a version of storyline with the update.  I can`t work on the project on the other machine because I get out of memory errors.

Should I uninstall the update.

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