Found a working solution in this case.
Stumbled on a post through google that stated to connect port 1 & 2 of the swtich.
Then power it on, and leave it on for about 5 minutes.
As I thought this was bollocks but just figured I had time to test it.
So I did, after 5 minutes, nothing happened.
Ohww well, lets try for about an hour.
- Forgot about the switch as I was working on something else-
Long story short, had port 1 & 2 connected for about 2,5 hours.
Connected the swtich, could do the reset / initialize command, and the switch is back on.... Go figure....
Anyways, it worked for me, thought I might post it to help someone else in the future.
Regards René.