Car has not been transferred or titled. It has not been title since 2005 in Ca. The Vin is stamped in the trunk area and does match the vin on the title. My guess is that it was parted out .. Drivetrain and interior all gone. Legit S 340/4speed car. Just now a rolling shell.
As far as the title goes it has the watermarks and is state of CA. CA uses a title template that also includes motorcycles, but there are no numbers listed under the motorcycle reference. The body style is listed as a convertible. Doing more research on the car right now.