That is not what he said. If someone tells me they are not a beneficial owner, it always means that they own no stock at all nor do any entities over which they have control own any stock. .
Since he claimed he was being advised by legal counsel as to what he could say and where, one could assume that legal counsel vetted his statement.
We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry, Patriot and Hero of the American Revolution