If you really want it converted cleanly, try Calibre's debug mode (click convert, then scroll down to the cute little lady bug in the left pane). A lot of times, you can fix the major problems by editing the html output in one of the debug folders. Calibre outputs four versions: Input, Parsed, Processed, and Structure. So, you can pick which version looks best and tweak from there (I'd start with Parsed, and go back to Input if necessary).
If Calibre extracts nothing but jpegs, you can still work with that. Use Mobipocket Creator to create a new book and add the images (in correct order) to the Publication Files (I'm not in front of Windows right now, so I'm relying on memory - if it's not called "Publication Files" it's something similar).
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