You are really struggling with the concept of free cash flow dude. Everything you posted above is wrong.
Nope your wrong dude. Free cash flow is not the difference between funds at start of period compared to funds at the end.
A company can be $5m cash flow positive for a Q yet still have less money at the end of the Q compared to the beginning Q. Until you can figure that out its a pointless discussion.
Capital raising?, page-59
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