NormK, When you say it got compression does it have 100 psi or better? Most handheld 2Cs here will not start if less than 100psi. Removing the muffler and checking the cylinder condition would not hurt either as they can still have a fair compression right at the end of the stroke and still have a bad PNC.

Also if it has the 10mm spark plug then try a known good plug. I have been there little plugs failing under compression.