Final update. With the help of Frank Wedge I have been in contact with Ken Johnson, the former owner of Atlas Cycle in Tulsa, Oklahoma.
Ken is now 82. He and his wife are in great health. He still rides regularly and has a good sized motorcycle collection. He plans on attending the National MGNOC rally in Scott City, Kansas.
He also remembered the name of the original owner of the V700, Alcardio Douglas. Alcardio was a mail carrier in Tulsa, and traded in the V700 on a new 77 Convert. The V700 was so nice that Ken kept it in his collection for the next 30 years!