OK, getting fuel (good move to drain it, btw).

Set timing with a light, grounding the timing connector at the firewall, near brake booster (download and reference the factory manual from mitsubishilinks.com). Pull #1 plug. While hand rotating the motor with a 22mm socket on the crank pulley bolt, put your finger over #1 plug hole and feel for compression as the crank pulley reaches tdc. If no compression felt, rotate one full turn to tdc. Pull dizzy cap and look at where rotor is pointed (NOTE!!! The contact inside the dizzy cap may or may NOT go to the plug wire connector above the internal contact - you can trace them on the underside of the cap) and make sure it points at #1 plug wire. If not, remove the dizzy and align it correctly. There is an fsm procedure to do so, involving a mark on the dizzy shaft and housing. Reset the timing again and remove the grounding wire from the timing setting connector. Now, check the cam timing. Remove the cam sprocket covers and align the crank to tdc on #1 again. Check timing marks per fsm.

THis should correct mechanical and ignition timing. The motor is not an interference motor, so a broken timing belt should not have dinged the valves, and it should fire off.