20 Degree Start

[Cincinnati Guy]

Here is my cold start. This was when my timing was retarded at 7.9BTDC. Have not been able to get a video of it after timing it properly. I have some air intrusion and what looks like a leaky injector by the looks of the black smoke on the initial start. What do you all think?
http://youtu.be/EOK2IwkLhqk