GMod still not working on Mac after Steam Pipe Update [not the no steam user error]

[Hero88go]

Earlier after the steam pipe update, every time a mac user tried to start GMod they'd get this glitch [url]http://facepunch.com/showthread.php?t=1275921[/url]
Buttt apparently Garry fixed that so that's all and well, but now when I start the game, the following happens:

[B]"Initializing Serverside"[/B] - this takes at least 3-5 minutes
thus proceeds to [B]"Finished!"[/B] and freezes the game indefinitely.

Specs:
iMac Late 09' model
Mountain Lion 10.8.3
ATI/AMD Radeon 4850m

I've tried:
1.) validating files
2.) restarting steam
3.) restarting computer

and no luck.