the throttle pin is bent, the bike wouldnt even start. i did not have the gas tank valve on the bike open at all and the boat gas does not have water in it because i always close the valve prior to storage of the boat gas tank, i put BRAND NEW gas in it and mixed it 32:1 and it still pisses black oil like stuff out of the exhaust port..... looks like i need a new throttle assembly. take a look at the picsthat screw you were adjusting is the stop for the throttle slide.the slide needs to be raised ,screw adjusted and then lowered using the twist grip.it only controls the idle speed.
i would say mixed boat gas is usually 40:1,so i cant see a problem with that.
any chance it was sitting with the gas tank valve open?
from all that stuff slobbering out of the exhaust i would say its severely flooded.
maybe old boat gas?
notorious for having water in the bottom of the boat fuel tank....
another thing,i would drop the float bowl and check to make sure the jet is still threaded into its place.
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