chain may have jumped off the bottom sprocket..happens all the time when you let it slack as you are working. slowly spin the flywheel by hand while holding tension on the chain..
it can go really easy or really tough..pulling the head and cylinder may be in order depending on how caught up you are on the bottom. sure you don't have the guide in upside down?
did you replace guides and chain or are they original?
Current toys..
1986 Honda 350X..trail bomb!
1985 Honda 250SX..my main mudder
1985 Honda 250ES..Back in Black Trike
Current non-trike toys:
1990 Honda TRX300FW
1995 Seadoo GTX
1998 Polaris Indy Lite 340(Nearly new looking)
1998 Polaris Touring 500
1998 Club Car (electric)