iMovie cannot see projects and events on Synology NAS

I am using their 3.1 firmware. Which I believe is the latest.

And I have the latest Lion OS on my MB Pro.

I realized today that iMovie does not see the hard drive the way it used to in Snow Leopard.

I have read other threads here where people were using ReadyNAS and everything started working after Lion OS upgrade.

But that is not the case for me.

Anybody any ideas as to what to do?

Thanks!