[eyeflame.tv]

Yep. You were right.
Was wondering if it was something like that. But forgot that the only way to see the parent project flagged on the iPhone is to actually click the EDIT button for the projects, and then navigate into the project's settings. You can't see the project being flagged when looking at the projects at a glance which lead me to assume flagging parent projects is not an option.

Thanks
Solved it.