I don't believe so, because if they are trying to fuck with me they fucked up.
The holding fee of $94 was fine, it got reversed, then $16 was charged. However, with the $94 still being "open" in the system after the $16 was charged and the $94 was reversed, they made yet another transaction for $140. The only reason they were able to do this on a canceled card was because the $94 "holding fee" was open in their system. Fraud.
Also, do bars have a "time table" of some sort of when drinks or whatever is being charged? If all else fails I want a complete run-down of that.