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I found this black Cannondale M500 in what amounts to a junk pile. It has no seat, or seatpost. The one in the photo is an old Icon that I keep around just for clamping bikes up on the stand. There are no rim strips and all of the cables need replacing. The frame has a small dent in it on the top tube about 1 1/2 inches from the head tube. The gears shift, and the brakes work.

Any thoughts on what I could do with this bike? I was considering putting a drop bar on it with barcons and earo brakes to make it into a cyclocross bike.
 

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Cool. I 'inherited' a Bridgestone MB5 in the same fashion & gonna build into a commuter/cross-type ride w/drop bars, etc. Building it up w/take-offs from my 'Dale F300 (Deore f&r derailleurs, stock wheels ('Dale hubs/Sun Cr18s) & 8 spd cassette & scrounging e-bay for stem, drop bars, etc.
 
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