Immaturity aside (hence the long line of screenames), I will do this with way fewer words:
The first official signaled our ball- the crowd erupted and the announcers saw the same.
Franklin asked for a timeout.
The Iowa guy gave the ball to the second official (were had 3 guys lying side by side, and the ruling should have been quicker).
The second official changed the call.
The TV guys announced all of this in real time. There is video. It's not arguing opinion/interpretation.
Let's go to your Fantasyland for a second: Why did Franklin tell the assistant "Alright, alright.", and then mouth to the officials about having signaled our ball?