He said that when he made the projection 5 months ago, he thought around 69M shares. However he said that based on those terms at that time, it is now less than 69M shares, maybe about 60M. But now you have to add in the shares for Altucell, repayment of old debt, etc and it will be more than 60M, but we don't know how much more yet.
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I thought he said there would a lot less than 69 million shares avl.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.