I have no idea if this will work but do any PC emulators support Dexdrive that could open GME and save it back out as a PSV?
If not: I also found this:
http://moberg-dybdal.dk/psxge/
Convert game saves between formats (DexDrive, X-Plorer/X-Ploder, Action Replay + other cartridges, PlaySaver, Virtual Game Station, PSEmuPro, Bleem!... Everything you can get your hands on!).
Convert game saves between regions (Europe, USA, Japan).
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Again I have no idea, I'm just trying to help.