The ignition cylinder is bored out, and the title is missing? Yeah, that thing is stollen.
I used to repair motorcycles, and have seen so many attempted robberies with botched ignition.
The most memorable being a scooter that came in. A would be robber tried to bore out the ignition cylinder, but botched it. They couldn't manage to start the bike or disengage the steering lock. They even pulled out a nest of wires in an attempt to hot wire the thing. Undetured, the burglar tried to drag the bike away with them, and was caught in the act when they couldn't pull the bike over a fence.
The owner went over all this while I was taking my first look at the machine. Which the owner rode in on. Im going to state that again, the owner was able to get it running and rode it over to the shop. I wouldn't have believed it if I hadn't seen him do it himself.
The bike sat there in the allyway, wires pulled out, housing split open, and ignition brutalized, yet its engine was still buzzing and running. With the damage done to the wiring, it couldn't be turned off traditionally. I considered removing the battery, but even the lock to the seat was drilled into.
I grabbed a thick rag and knelt beside the machine. I gently placed the rag over the end of the exhaust, quieting its engine's hum. "Shhhhh shhh shhhh, it'll be ok," I reasured it placing my free hand on the chassis, "I'll take good care of you. Fix you right up. I just need you to sleep first, ok?" The bike let out muffled stammering coughs. I could feel the ryrhem of the engine slowing. "Shhhhhh that's it. It's time to rest. Shhhhhh"
When the resistance to the rag ceieced, I got up, and I wheeled the machine into the garage to begin my work.