I disagree that its correct to depreciate the value of around $1.3m in "trade or receivables" and "inventory" to $0, since it represents "hidden cash". Its hard to know what the current costs are for the 6 months to end of June, so I think your statement of "no cash" could easily be considered over dramatic.
The delay in certification and approvals will mean a longer and uncertain time before sales revenue picks up, so fund raising might well be prudent but I don't think its as urgent as you make out.
If you really think the share price will end up at 3c in 3 months it would make sense for you to sell all of your shares now.
Results Of General Meeting, page-13
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