Thanks. I actually managed to get it working a little before this post using that amazing piece of software.
The state of the phone was like this: I hold the Power button, Motorola logo pops up and then the phone turns off. I hold Power+VOLDN same thing happens (Logo is shown and then it turns off). I couldn't even get it to fast boot. It just turned off. I searched a bit here and found the solution. When the logo is shown, press and hold VOLUP+VOLDN and don't let go. The menu will be shown where you can select fastboot.
After that I just connected the phone to my laptop, used matts program and resurrected the phone
I lost root, so I rooted again, installed safestrap, wiped Stock and in it's place installed CM11. Rom1 was still occupied by old CM11 install so I deleted that. Installed the GSM patch and now the phone works as a charm.
So many thanks to this great community. I usually don't post at all. I use the search function and just follow the steps, but I panicked a bit today. Sorry.
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