Restoring Acronis *.tib image into VirtualBox

1. I made an Acronis boot-able recovery ISO image file.
2. Created new VM with virtual IDE, dynamically allocated VDI HD image drive.
3. Added IDE CD/DVD virtual drive and linked it to Acronis recovery boot-able image.
4. Installed expansion pack to enable USB 2.0 capability.
5. Started VM into Acronis Recovery Manager.
6. Attached external USB HD with Acronis *.tib image.
7. Started dialog, using Acronis explorer and found TIB image, defining source for process of Recovery.
8. At the very end when it seemed I was close to success it brought up the last screen which asked to determine destination HD
where this image would be recovered.
And it was a moment of complete frustration. Virtual Hard Drive, where I want the new Virtual PC
located, was greyed out with "not initialized" status. I did everything I could, I changed this drive types, I made it fixed size, writethrough..
Nothing helped.

What is this? How could virtual drive be possibly not initialized?

Then I decided to try different way
1. Using Acronis converted TIB file to VHD file.
2. Created a new VM and used that file as existing HD when was creating this VM.
3. Started. Black screen. Nothing works.