Meeting their target and not being aggressive enough is easy to understand. They met their targets in testing of how much downforce they were making and getting the renault running reliably. There, target achieved.
Little did they know their target was wrong and set too low so now after a couple of races they know where they are in the pecking order and with hindsight EB is saying they weren't aggressive enough. It's very easy to understand.
Emergency meeting was for the shareholders because the race was in Bahrain. Only the media labelled it an emergency meeting afaik. If the race was elsewhere I doubt there would have been any meeting at all. If it was that serious they would have had one this race too
I agree they are not where they should be. But they basically still have last years car. Updates are overdue. I hope something will come to Baku but I fear it will be only at Barcelona where everyone else will also have something.