LOL! Gotta agree. Checking the pics on a regular PC today (vs. iPad last night). It looks like rust on the rims (steel), cheap pedals, no adjustments on the dropouts, bolt on axles. None of that is good.Hate to break it to you but that is not worth much. I'd start the pricing at $15 and go down from there if no takers. That looks like a prime candidate to clean up and give to someone tall who doesn't have a bike.
Let's see if this one sells Vintage Road Bike Frame Katakura Silk 54cm | eBay.wow. for $15, I'll just keep it. I saw a Katakura frame on ebay going for about $800, so I was expecting more.