It was a silly situation (from my perspective) that raised many questions about effectiveness of police' actions in dealing with bike theft in general.
What if it was a bike I found in a trash? I often do and some of them are very "good lookin'".

I don't even have to explain myself to a cop as my actions were not suspicious in any way.
How else am I supposed to transport a bike if I don't have a car?

It is just weird and annoying that if a cyclist carries a frame or another bike he is perceived as a thief.

I am saying this because I often get rednecks shouting "thief" at me from their trucks when I ride with another bike. Now a cop.