We are seeing the effects on companies with high debt in their...

We are seeing the effects on companies with high debt in their balance sheets, particularly in the current climate with oil.
The virus is causing a demand shock, causing significant decline in prices and profitability for OSH.
Capital is also much harder to raise as investment houses are skeptical of volatile oil prices.

In this company's situation, they are desperate for the cash, just like the airlines, because further ongoing conditions from virus will make it more difficult to raise capital later down the track. Webjet (ASX:WEB) just raised capital at more than 50% discount ($1.70 when their SP at the time was $3.70).

Wouldn't be surprised to see a capital raise for OSH of $500m@ 120c.
Would hope that holders are at least allowed to participate as well.

It is not a downramp but just facts on the current climate.
Happy if proven wrong by the company.
Would be a true test to the management to see how they can raise capital in such an environment.
At least they have given time to await the Thursday oil price meeting.