Hey Outlaw,
(Sorry Gold, I couldn't type this fast enough! checked the woodruff key)
I think I would pull the carb and verify the fuel/float level. While the carb is off pull the reed block and have a look for cracks or chips.
Make sure the fuel pump wasn't damaged and verify it works, (it is an impulse pump correct?)
Check the Fuel line and vents are clear.
If that all checked out, I'd look for good spark, the cap and plug wire look O.K.?
Then the kill switch, and then check the timing.
Whew!
Hopefully one of the guys will recognize your symptoms and say "Oh yea that happened to me"
Hang in there!
Tuck\o/