I might be thinking wrong, but surely Tony would have gone ahead...

I might be thinking wrong, but surely Tony would have gone ahead with the meeting if Timeout was having second thoughts. Because he was only after shareholder approval for the issue of shares.
That's why I think there must be a hold up with getting all the paperwork done. Otherwise he could have got shareholder approval and just not gone ahead with it if things did not go right
Does that make any sense, or am I completely wrong with the way I am thinking