The photo confirms East Hill's diagnosis: the unlugged frame, folded sheet steel stem, stamped rear dropouts, smashed-tubing front dropouts (is there an official name for this?), plastic stem shifters, forged steel s-crank, steel rims, and leopard print flipflops all say "1979 Bike Boom Cheapo." On the other hand, it has a certain panache. Tune, add brakes with Salmon Kool-Stop pads, add derailleurs if desired, and ride with pride. Saddle is optional.