OK, how will I explain this? Hummmm!
After looking at Matron's folder contents I realized I didn't have a 'Library Info' folder in my ST3 directory.
Sooo.......
Just by chance I was looking around on my C: drive and in C:\Users\Public\Documents\IK Multimedia\SampleTank 3 there was all the same folders in that directory, including the 'Library Info' folder, (don't ask, I have no idea how this directory got created) that are in Matron's folder pic.
So I directed ST3 to look there thinking somehow things got moved? But it was a no go. It did the same thing it was doing before. No Instruments and Multis shopwing up.
So I copied the 'Library Info' folder from that location to the ST3 folder I installed on the sample drive, the same directory that I have been pointing ST3 to and low and behold, it's is now going through that long a$$ed process of building a library.
And now it is working! As far as I can tell. I have not tried everything. Only time will tell here.
WT?
When I get time I will have uninstall and clean out all remnants of ST3 and re-install. Something went wrong. I have no idea what or how for that matter.
Thank you gentlemen for your assistance. It's greatly appreciated.