Well it seems after inspection from my local mechanic that my chain broke and broke the tensioner as well.  All the valves are bent and left tiny indentations on top of the piston as well.  Im guessing that loud noise in my engine was the chain rattling around and smacking the wall of the engine until one day it decided to break and leave me savageless.  The mechanic thinks the piston is salvageable but my god the price has already gone over my head and thank god my dad is my sponser hehe.

He has already paid $200 to even inspect it and im getting the final price at 5 pm($1100.00 including the 200).  IM expecting this to be a very long stick to shove up my butt and im excited just thinking how much of a learning experience this can be.
I do feel very bad that its costing this much money but what are ya gonna do with a dead bike, besides part it out.  I know its still cheaper than buying a decent dependable motorcycle in my area.

Anyone else have any horror stories from the mechanic from hell?  Whats the most someone has paid to get one fixed I wonder.  Thanks for everyones help again, because we were getting spark, fuel, and air, just no compression.  God its gonna take another week but there is light at the end of the tunnel.   It also is paved with gold at my dads expense.  ARG!