I think Loma and his pops were probably talking out their ass, out of pride before, but when they sat down to do their due diligence and try to gameplan they saw that they were most likely fucked. The only chance Teo has at this stage is a fast twitch counter punchers chance. He's not a good enough boxer to lead against Loma or impose anything on him. He most likely has realized that he'll likely get worked over and emasculated like Walters and Rigo... hence the cold feet. I still think he should take the fight though. It's a big payday, low expectations, nothing to lose, everything to gain, and a lot to learn. Getting schooled by Loma doesn't hurt him, unless he's a mental midget. And if he wins, he's one of the handful of biggest draws in combat sports. I'd be really disappointed in him if this fight fell through.