Fasttrack Not Responding after opening Urgent Help Needed

After I open Fast Track it opens up all my recent fast track project scheduled and then immediately stops responding showing the spinning color wheel on Mac OSX Mountain Lion 10.8.1. May be one of my fast track files is corrupt. 


I had tried reinstalling fast track with the latest version, setting the preferences to show me the open dialog so instead of automatically opening the corrupt files I would have the start up dialog which would given an option to create a new file. Unfortunately *despite* setting the preferences to show the start up dialog fasttrack does not show the start up dialog and instead keeps opening the old files. I tried relocating those old files to different folders. Still does not help.  

What is wrong with this software ?  


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