Yea I am going to go back to him. I am sure he can figure something out. I was looking online at other bikes and I was looking at the 1000 to 1500 price range. If I was to get 300 for my current bike then I would need to pay an additional 700 at minimum for a nice road bike. I might as well just spend the money on upgrading my current setup. Plus it would be cool rocking an old steel frame bike!!!
When I bought the bike it was in bad shape. I ripped it all apart, sanded it, painted it and brought it to my buddys bike shop. I gave it to him and he put new wheels, tape, brake levers, seat, rear hub, and made it work really good all together.
So I guess I will have him do like you guys suggested. Get all new rear stuff but I do want to get those trick shifter/brake things.