The player is an airborne shooter until he comes to the ground, if he gets hit on the way up and loses the ball, he has every right to try and regain possesion of that ball and still make an attempt at a shot, provided he has not come back to the floor yet. As far as I'm concerned, he could have regained control, went behind his back, between his legs with the ball and tossed it without looking at the basket and he is going to get continuation on the play, again provided he did all this before his airborne shooter status ended.
Also, that C official needs to be patient enough to see the whole play and not show "2 shots" before the play is over, that only helped add to the confusion
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