First, please move the images back. If Connections can not locate them in the old folder, it will not be able to properly migrate the images to the new folder structure because it will not be able to find them. Instead, it’ll just default back to the no photo/logo message.
I need to see what it looked like with the broken image icon. There will be a server/browser error message that will help me.
Another thing to do real quick … the theme is messing up the output from shortcode (most likely the theme). Please see this FAQ:
Try the solution in the yellow-tinted box.
Let me know when you have the images moved back and I’ll take another look.