The cable you described is not the same as the one Russ included in the file he posted. Furthermore, you haven't told us anything about the RS232/RS422 converter you're using. Most converters require power for their OP amps. The 15 pin power supply port on the PLC has +5 VDC on pin 5. I don't see where your cable is connected to pin 5 on the 15-pin side.
Perhaps your converter is a USB/RS422 device? If that is the case, is the USB port configured as the same COM port that VersaPro is trying to use?
If you can, please provide a link to a data sheet for the converter you're using.