I don't know what the error messages mean, but if clicking the reset only results in the blackberry rebooting to the same error, and if a battery pull does not resolve the problem, then my opinion is you'll need to wipe the blackberry and reinstall the OS.
See
How do I wipe the BlackBerry using Jl Cmder? - BlackBerryFAQ
What to do next if Jl Cmder will not connect and wipe - BlackBerryFAQ
and
How do I upgrade the OS on my BlackBerry? - BlackBerryFAQ