I have tried it as GUID & MBR. The drive is showing up in the dock at the bottom of my desktop as a question mark. I have tried using the "ignore ownership on this volume" check box on and off as well. I dont see any initialize button on the top bar in disk utility. I only see verify, info, burn, unmount, eject, enable journaling, new image, convert and resize image. I have enabled journaling. Still getting the choose , item 1 and item 2 in the drop down menu of kext.
edit: it is showing on my desktop now after I changed the finder, settings, general to show it. But still no luck in kext