VMware error: "The file is too large"

I recently bought a WD external drive to be used on my laptop for VMware workstation and the idea being that all shared files  and VM's i can load it in the movable drive.

Scenario: 

loaded the VM in the WD drive.

launched VMware player - create a vm to an existing VM.

after mounting the VM by double clicking the .vmx file. VM Player kicks in and starts to load, but then the following error was thrown:

Here’s how to fix it:

• 
  
• Edit your .vmx file with your favorite text editor
• 
  
• Add a line to the end of this file:
• diskLib.sparseMaxFileSizeCheck="FALSE"

Now fire up the VM again and hopefully it should work as normal!