Hi Yankie007, sorry that I couldn't step in earlier since I was otherwise busy.
The procedure you had adopted was not authored by me. Wrong attribute.
My only recommendations in the post I had linked was to first try to format with HP USB Disk Storage Format Tool. (Since you seem to be confused on clicking on the links and get on to the linked URL, I am providing the direct download link below. Just click on it and save the download)
Download starting... - Softpedia
Right click on the .exe file and run as administrator.
Select the correct drive, uncheck Quick Format (so that you can do a full format) and click on Start.
If you are unable to format the drive, then we can try the low level format tool. So report.