Lag Time but not really

[cford]

Okay, I understand that if the official blows his whistle with .7 seconds to grant a timeout and the timer doesn't stop the clock than the game is over due to the one second lag time.

However if the official recognizes a player calling timeout with .7 seconds but either doesn't blow his whistle before the horn sounds or lets say he accidently drops his whistle. Can we still grant that timeout and put .7 seconds on the clock or is the game over?