I do not recommend to try it without a flasher installed and a dump of the flash.
To quote, roughly translated: Hi all, What better than to come back with this kind of news! Our friend and SGK developer releases today the result of hard work. Indeed, in the shadow he worked to bring us a CFW with features interesting and not yet seen the new CFW 4.xx
The basis of this CFW is based on Rogero 4.30 and the 4.21 Rebug CFW which is the most stable and most successful of the moment. He added SGKXMBM + Package Manager for our greatest pleasure. Some files from firmware 4.31 which ensures compatibility for the latest keysets. So you can play your backups favorites without a patch or fix. 4.31 is a spoof includes access to PSN and avoid unintended updates.
Added package SGKXMBM +
Lv1 Lv2 and recompiled.
Patched Peek & POKE
Coldboot game replaced
Theme changed from dynamic watch dogs
Testers and developers: consolehackdev / ZZ / dedalo! Teamsgk/ps3devs; SGK_84
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I'm sorry but that sounds like a brick. With a lot of safer solutions such as the Rebug CFWs which are well tested before release, why did you pick this one? You should've done a better research before hacking your ps3.
I mistakenly made the same problem. I just tried to install SGK 4.31.1 Cfw Then ps3 goes off after I couldn't open it gaves me 3 blinking red light error. Any suggestions about how can I fix that issue?