29 Roadster issue

[Ordsgt]

Putting this out for what you may think the issue will be. Roadster was towed to me with following story. It was driven last year and parked in garage. Went to start 2 weeks ago and could not get it to run.

I first checked for spark and found none. Bypassed ignition switch and had spark. Engine fired up but on # 1 cylinder only. Pulled plugs and found rust on bottom of # 2,3. Did compression test and got 60 lbs #1,
0 #2,
0 #3,
0 #4
Squirt of oil onto top of all pistons and compression rechecked with same results
Visually can see all pistons going up and down through spark plug holes

My next plan is to pull the head. I can picture a blown head gasket even a stuck valve but not affecting all 3 cyl to 0 pressure.
Let me know what you think and I will advise what I see when head comes off