I posted about this bike several months ago but only recently got it into the basement to work on it. My only objective was to get it rideable again; that part was surprisingly easy!
Anyway: obligatory before picture:
After its maiden ride today:
There's a bunch more detail shots here:
38 Ccm Cleaned Up Story by Mark Kaczmarczyk (markk900) | Photobucket
Overall though, its rideable with only one issue - the pedal hole for the crank on the chainring side is either slightly cross threaded or bent - the new/old pedals (English, maybe Phillips) I put on to replace the hideous generic japanese pedals that were on there went on fine but one is definitely off perpendicular by a bit;
Not going to do anything cosmetic; now starts the long search for period or original bits to replace the obviously incorrect saddle; handlebars; wheels, tires. Also looking for CCM chainring bolts to fit as there is one missing (why on almost every CCM I have seen, in person or online, is at least one of those bolts missing?)