Ron Paul: Delegate total is "not enough" to beat Romney

Republican presidential candidate Ron Paul conceded on Wednesday that he will not obtain enough delegates to win the Republican nomination, but said his success at obtaining delegates "shatters the predictions."

After all but one state has voted in the Republican primary, Paul predicted that he would have 500 supporters as delegates at the Republican National Convention in August.

"That is just over 20 percent!" Paul wrote in a statement, noting that many of those supporters are obligated to vote for presumptive Republican nominee Mitt Romney.

According to CBS News' calculations, Paul has won the support of 124 delegates, but Paul has disputed major news organizations' tallies and says he has the pledged support of 200 delegates.

Paul said the work he and his supporters have done has put the "movement" in a good position in the future.

"And while this total is not enough to win the nomination, it puts us in a tremendous position to grow our movement and shape the future of the GOP!" Paul wrote.

Paul did not suspend his campaign but encouraged his supporters to make their voices heard at the convention in Tampa.

"Our delegates' presence must be felt both in Tampa and in years to come," Paul said. "Our revolution is just getting started."

Paul supporters are planning a festival leading up to the Republican National Convention, but are running into obstacles with convention planners.