If the metal is cracked under the paint (requires sanding off the paint around the tube deformations) then either fix it or scrap it. If it is not cracked, ride it until it does. I did the later, and rode for another 5000 miles, then turned it into a shop stool. FWIW, the frame still has not cracked and that was over 30 years ago that I turned it into a shop stool.