stealtheye95Tried it multiple times and tried everything I've thought of. Could it be that I'm using parallels on my MacBook to do the EOScard prep?
Your problem is the card.
Preparing the card seems problematic for some people, for reasons I don't know.
Have you tried this app (listed on the linked page):
http://www.zenoshrdlu.com/macboot/macboot.html ?
If you still can't get the script to run, try low level formatting the card (or even fill it with zeroes before), then use MacBoot on it again. You could also try another card, preferably smaller (SD or SDHC).
The script has successfully run if the overlays disappear in shooting mode.
Firmware Revision is 1.01 rev 1.00
is version 101a, supported by the script. There is not need to re-install it (updating to the same firmware is not supported anyway).