the point opens up and you get no voltage path to ground. Normally the power (12 volts or 6) goes to the coil, then out of coil to the distributor point, and the point grounds when it is closed. The capacitor is in series with this and connects to the point terminal and case is grounded. YOu can not let the wires on the small screw (on point) touch the frame or bracket. IF the point is not adjusted right, it will not open, and then you will get no spark. If it opens at the wrong time, you get spark, but it does no good. If the point is opening and closing and breaking the current path, and still no spark, then change the condenser... test again... if no spark, you might have a bad coil.
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