[Grv]

Apparently the memcard conversion tool was the culprit.

Just for the record, which one did you use?

 

[Grv]

Even though you've already fixed the problem, would you mind to try and achieve the same with PSXMemtool 1.17b?

 

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This is odd. Seeing how I was sure PSXMemtool converted gme to mcr perfectly, I've asked someone else to test as well. Here's the first dexdrive save from GameFAQs (on top of the list), which I converted to an mcr. This one is reported to work by an overseas acquitance of mine (100% voices + Galaxy and Universe modes available + 1 save (Rena, Lv1, 0:08h)) who is also competent with ePSXe. Could you try it one more time with this one?

If it works, the conversion fails at your end but not mine, though I wouldn't know how we achieved different results.
If it doesn't work, I have no clue on what causes the problem, since it works for someone else.

 

[Grv]

I too am drawing at a blank here, but at least the memorycard convertors are cleared of blame as far as I'm concerned.