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Mike, Thanks for your replies. How can I check to see if the HDD is set up as the default "expanding type" Vs plain? I'm pretty sure I fixed it...
Also, if I want to reload the VM (and present contents) at some later date, do I do it via the snapshot command?
I am not going to be using Parallels too much as I'm getting a Windows laptop from work, so I want to know how to downsize the HDD (which is set...