CGT no start might be dead, Please Help

[Stpndsmnn at aol.com]

The car in with one wheel in the grave is my ' 83 CGT turbo.  I went to an
appointment this afternoon witht he car running great, shut car off and came
out an hour later.  Made it about two blocks and it stated to sputter and
miss like it had a vacuum leak, get another two blocks and car stalls.
Checked all hose connections everything looks and feels like it should.
Tried to start the car and it turns over normal but will not start.  Fuel
pump reg is working fine, fuel pump makes noise.  As far as I can tell it is
getting spark also,  major components of ignition are relatively young, spark
plugs maybe 2months old.  try to start several more times, nothing...  Towed
car home, we tried to pull start it a few times but still nothing.  Finally,
I get it home and try to start it again.  This time the motor spins over
really fast as if all the spark plugs had been removed, no compression.  The
timing belt is still intact, and the belt turns when the starter is bumped.

Is this what happens with cylinder wash down?  If that is what it is, is
there any hope of rcovery.

Thanks in advance,
Matt Kramer