Read that, understand it, and read through some of the related articles, then you will see exactly what I am talking about.
Sym probably used some overly generous market cap multiplier valuation model to determine that figure, and then presented it as a qualified stated to give him some wiggle room legally.
It might not be right, it might not be honest, but it most likely would hold up in a court of law, and that's all that really matters to him.