If you are a shareholder at 7:00pm 2 Aug 2018 (record date), you...

If you are a shareholder at 7:00pm 2 Aug 2018 (record date), you are entitled to buy company issued shares on a 1 for 9 basis at a price of $0.059 per share as part of the 'retail' fundraising tranche (meaning ordinary mum/dad type investors like us), meaning for every nine shares you hold, you can buy 1 share at $0.059. Your personalised entitlement and acceptance form will have your personal details on it detailing the exact number of shares you are entitled to buy and how much it will cost you. Payment methods are detailed, meaning you are buying the shares directly from Otto and not on the secondary market (ASX via broker) and transferring your money to directly Otto without brokerage so the company can pursue its drilling activities. The current share price is $0.073 so the entitlement is currently at a discount (a good thing)

Your actual entitlement to buy the shares (not the shares itself) is not transferable or saleable to someone else. If you do not buy all or part of your shares in the entitlement, it will lapse. The shares you are entitled to but do not buy form part of what is called a 'shortfall'. The shortfall may or may not be distributed to other shareholders who pay more money than what shares they are entitled to because they believe there may be a shortfall, but my understanding is its at the board's discretion.

if you cant wait for the mail, go to http://www.ottoenergy.com/site/content/
and click on the red 'retail entitlement offer' button and fill in the first page