What are the relative advantages/disadvantages of holding shares via Havelock vs. LMB-Holdings? And I read somewhere that the division of shares will be 60% public, 40% LMB-Holdings - how does this relate to the 'direct shares' we're talking about?
There are 9,600,000 public shares, currently representing 100% of profits. Once these shares have recieved 0.0035 BTC/share in dividends, an additional 6,400,000 shares (privately held by LMB-Holdings) will be introduced, reducing public shares to recieving 60% of profits from that point in time.
The 9,600,000 public shares are distributed amongst a few places: exchanges such as
BitFunder,
BTC-TC, Havelock; and directly with LMB-Holdings.
The advantages/disadvantages of Havelock is that your shares can be sold on the open market (either by yourself - probably an advantage; or by someone who gains access to your account - disadvantage), or the exchange - like others before it - may shut down due to legal issues (making your shares untradable for a period while they are migrated to a new platform).
Those who don't wish to trade and are considering this as a long-term investment may prefer the security of having shares held directly with LMB-Holdings, rather than sitting on an exchange like Havelock.
"Direct shares" come from the 60% (currently 100%) public share and should not be confused with the "private shares" (40%) introduced later.