Ghost 15.0 - File & Folder backup

No matter what settings I use, Ghost only displays the last two file versions of files/folders backed up using file/folder backup. Settings are set to '99' versions and the files themselves are on the External HDD. Even imported the data to update the catalog but still only the last two versions are displayed when searching for a restore. Norton N&R always displayed all versions. Is this a quirk of Ghost?  ANY feedback would be appreciated.