I know, I had this problem. I figured I'm only doing one take, no dubs, stereo. So i didn't think about length that much. so my tune was over 6 mins. In stereo, so that's tk1&2. mastered to 7&8. Then the wave file convert ran out of room! So I deleted 1&2 and of course, did the 'delete unused' function. Then I still couldn't (copy and) convert 7&8 to wave file. so i did a little math. 128 mb wave file max size is 1/2 of 128. Since you need 7&8 to make wave file. It isn't overwritten. if you have originally recorded in stereo or not, you need 2 tracks on 7&8 to make a wave file that you can copy to pc and mp3 it or whatever. So that's 1/2 of 7&8 of the 1/2 of 128mb. so that's 32 mb max for a length of a single track in time. the max single track time is 24 min., so 1/4 of 24 is 6 minutes. One of my tracks 1&2 stereo recording was 38 mb so 38x4 is 152 so it couldn't fit onto 128 mb card.
The longest track time you have is 128 / 4 = 32 mb. which is guess is the same as the total track time 24min / 4 = 6 min max.
this assumes 1 thru 6 are deleted so you can have room to convert 7&8 to wave file. If you actually used 6 mins on 4 tracks, you're also done. Or stopped since you now have no more room even to bounce.
So I'm looking for a bigger card. 256 / 4 is 64 and 50 min track time / 4 is 12.5 that's a good amt of min.s. Then you could have 6 mins x 4 tracks = 24 mins, then have room to sub mix to 5&6 and that's 6 tracks at 6 mins = 36 mins. then erase 1 to 4 and use for 4 more tracks = 36 mins again, then have space to mix to 7&8 = 8 tracks x 6 mins = 48 mins. then erase all of 1 to 6 to make room for your wave file from 7&8.
Of course if you do this, you have to back up to pc before each erasure, because you want to be able to go back and re-mix if you have to. and yo ucan't if you've erased. so you need to be able to restore. so your backup isn't exactly a backup, it's an archive. And you really want 2 copies of an archive for safety. I'd burn to cd or copy to second pc's hard drive before erasing anything from the MR-8.