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I've already have an account with Havelock but I also see people selling "direct shares" from the information provided wrt auctions. What's the advantages/disadvantages of either and how are the direct shares held? Are they valued differently? What is preferred to be held?

I know thats a bunch of questions but I'm most interested in AM1. Thanks.

PT's > more liquidity, you are able to sell them in a second, if you want/need ... for Direct's you need to prepare auction, or some external deal.

Direct's > more security (you don't need to trust 3rd person, issuer of PTs - it will be HavelockInvestments from March,1st), Friedcat has your address, and he's sending dividends to you. Also you can prove ownership of shares easily.

So if you plan to invest long-term ... buy directs, or buy PT and transfer them to directs asap, but if you want to play day trading and speculate a bit then buy PT ... you can change your mind anytime you want and transfer directs > PT or PT > directs, its up to you. Welcome

Thanks for this! I bought my first share yesterday from Havelock and I should probably transfer it to direct share since it's a long-term investment

Okay, so if you have share(s) on Havelock, what is the procedure to turn them into direct shares?

You can find this directly on the Havelock AM1 Page.... here it is below...

Exporting Shares
Shares can be exported from AM1 into Direct ASICMINER shares by anyone, with the following limitations:
- One transfer OUT of AM1 will be processed free once per 30 days per account. Subsequent transfers within the same month OUT of AM1 are subject to a fee of 0.25 BTC for transfers of 49 shares or less.
- Transfers OUT of AM1 are always free for any transfer of 50 shares or more, but still have the 30-day limit between requests.
- Export requests will be submitted to ASICMINER once per week, if your request does not make it into the current week, it will be processed the following week. Please note that confirmations and status updates will NOT be provided until the process is complete.

How to Export to Direct Shares:
1. Push your AM1 shares directly back to the issuer, by using the "Xfr" feature on your Portfolio page at HavelockInvestments.com
2. Send an email to tat.investments@gmail.com that details the quantity of the shares that you pushed, the wallet address & email address you want them to have in ASICMINER's direct share records.
3. After we receive confirmation from Friedcat that the transfer is complete, we will notify you.