iphone 3g 4.2.1 ipad baseband recovery loop

[learningcircles]

Hey all, first post here, in a bit of a pinch

I sold this phone, it is an iphone 3g. running 4.2.1 iOs, with ipad baseband installed in order to jailbreak it.

I sold it, so I went to the menu option in "System" and had the phone delete all my private data off of it. Now it is stuck in a recovery loop.

Wat do?

 

[learningcircles]

OK... so I have some progress, I think.

I used iREB to force it to restore, then I restored it in iTunes. Afterward I ran redsn0w and re-installed Cydia and iPad baseband. Now that I did all that, when I plug it into the laptop, iTunes recognizes it as an ipod in recovery mode that needs to be restored (already did that), and the iphone has a picture of itunes and a USB cable on it.

How screwed am I?