Rebuilt........ piston and rings i suspect.
Somthing wierd about the front brake too. Buts its what it is a bitsa and at least he says so.
Still for $3,500 its be a good ride. But they is a lot of this kit coming out at the moment, the GFC is turning into a problem. too many cheap bikes coming out and making the also ran look very dear.
I just picked up a stash of a and b stuff infact 3 complete frame for less than half that, but the problem is thats a lot of work when you look at finished and even resto ones in the Us for the same price , why would you do your own build or pay for the average stuff