From that transcript I think they were just using F Franz's lifetime to illustrate the point...not that 1992 was the end of the line for their new 'generation'....hence the onces still alive now who were born in say....1923 and see those alive who were born and anointed much later fit the same bill....hence the generation can go on ad infinitum cos there will always be 'comtemporaries' on that basis....
Crock of sh*t in my opinion...
Loz x