Zend Guard no 5.3 encode option

[keefro]

I am a licensed user of Zend Guard and have been using 5.0.1 for a few years. I upgraded to 5.5.0 to support php 5.3.

The issue I'm having is that the Zend Guard 5.5.0 product does not give me an option to re-encode the original source for my project from php 5.2 to php 5.3. The only option is "Zend Loader 3.3.x and above - for PHP 5.2".

How do I force my project to re-encode for PHP 5.3?

[keefro]

After some messing around I found that if I created a new Project it would let me set the PHP version and is now encoding fine.