HELP!! Wont start fo break-in!

Make sure your distributor is set as shown here...I have used this before and they are right.

http://www.hughesengines.com/Upload/productInstructions/Enginestarting.pdf

As for your not having spark...I dunno.
If the carb squirts you're good there, but don't get any excessive fuel into the engine.
I wouldnt pour any into the engine either.

With spark, fuel and the rotor positioned as shown in that PDF, it should start.