Also Ubid, your whole reasoning seems to be based on this:"Cash...

Also Ubid, your whole reasoning seems to be based on this:
"Cash on hand: MGK from last quarterly : $1.072 Million
MGK Quartely cash burn rate $447,000

FNT from last Quarterly : $8.09 Million
FNT Quarterly Cash burn rate $ $201,000"

The latest quarterly results are 30 June (uploaded 27 July).
In that quarterly, it shows:
"Cash balance at the end of quarter $4.0m"

I see where you made your mistake:
"Current quarter: $4.015m
Last quarter: $1.072m"

It seems you took the prior quarter value. Ironically, before the capital raising that they have already done.