I know that sometimes the term "pink slip" is used to describe a title. In this case my guess is that he has no title but does have a pink slip of paper with some info on it, however, when (maybe I should say IF) you want to register the car you are out of luck.
I noticed that it has the super rare "flat" hood, though
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1969 Firebird 350 convertible, t-5, Carousel Red
2008 Solstice GXP 5speed manual, Sly
2008 Grand Prix, Ink Slate, Winter daily driver
2009 G8, Switchblade Silver, summer daily driver
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