As per Skull One's good advice, you should never use the "Reset" options built into IOS on a jailbroken device. They simply do not work properly once jailbroken, as Apple didn't expect your device to be jailbroken when they programmed them!
First of all, if you want to restore your device to 4.3.3, you must confirm that you have 4.3.3 blobs available. You won't get anywhere without them, and should not follow this process unless they are showing in Cydia (in green at the top of the Cydia home page), or you know you have them saved locally on your PC via Tiny Umbrella.
My preferred method is to use redsn0w to restore. The steps are as follows...
1. Download the 4.3.3 firmware for your phone to your PC from our thread here -
http://www.iphoneforums.net/forum/i...ple-ios-firmware-download-links-iphone-17213/
2. Download the latest official redsn0w from the bottom of this post -
Dev-Team Blog - Restoration reinvigoration
3. Run redsn0w and choose Extras > Custom IPSW, and choose the 4.3.3 file you downloaded above. redsn0w will create a new NO_BB_ firmware files for you.
4. Choose Extras > SHSH blobs > Stitch > IPSW, and select the newly created NO_BB_ firmware file
5. Choose Remote or Local depending on where you blobs are stored (remote for Cydia). redsn0w will stitch your blobs into a NEW firmware file.
6. Choose Extras > Pwned DFU and follow the instrucitons to put your device into the special pwned DFU mode to allow a custom firmware to be restored.
7. Open iTunes and Shift-Click (Windows) or Option-Click (OSX) the "Restore" button for the device. Select the special custom firmware file created in step 5.
8. Your device should now restore to a clean, fresh 4.3.3 install without touching the baseband, meaning your Gevey should still operate fine.
9. Jailbreak the phone - visit jailbreakme.com in Mobile Safari for the quickest jailbreak.
10. You then need to get the Gevey going, but since I don't use one of those, you are on your own with that bit...
Other methods are available, so feel free to research those if you like
Good luck!