I successfully created and installed Ubuntu 10.10 on a Parallels 6 VM. I then transfered the pvm file to an external USB drive and removed the pvm file from my main hard drive. I then opened the virtual machine from the usb drive however ubuntu did not boot successfully. It only got as far as the loading screen. Any ideas on what is happening?
i am having the same issues. i simply moved my .pvm file to an external and also pointed the Default Parallels folder to my /external/Parallels yet it's not allowing the vm to boot. i get the error message attached. is this the same issue you're having?