Hey guys...sorry for the delayed response. I have tried everything in my power to free this engine. I tried just ATF, I tried the 50/50 mix with ATF & Acetone, and i've tried dropping it into gear and hitting it with pb. I also discovered that someone had taken a cutting torch to the frame, to remove the left rider peg, and left two gaping holes in the frame. I bought this bike because I wanted to fix it up, and feel like I had a real vested interest in my first bike. I have come to realize that it is beyond my mechanical and financial capabilities.
On the bright side....Tomorrow, I am going to check out an '81 Cb750k that needs a lot less work, and is in a lot better shape cosmetically. The current owner said it needed a new CDI box and the carbs need to be synched. If that's truly all it needs...I'll be riding in no time!
I want to thank all of you guys who tried to help me with the '78
As far as the pics go...I'm going to put some up of both bikes, probably this weekend
Also, I may be posting the '78 on the fourms cl/ebay section
Once again...thanks to everyone who helped out...and hopefully I'll have some good news tomorrow