Firstly check this:
If you updated LimeWire & cannot find your Downloads
Perhaps some of these topics might help:
http://www.gnutellaforums.com/gettin...ire-4-5-a.html
The latter also includes how to deal with your shares also. I made my changeover in an earlier version 5 so not sure about how well 5.1.2 deals with upgrading from LW 4.
Honestly, the best advice I'd give right now is downgrade back to LW 4. LW 5 at moment is missing many tools of LW 4, & also still has a number of bugs. I'd wait several months at least.

(Yes I know, the 'nag' update reminders lol)
Their next LW 5 release won't be for a month or two & it will still be missing tools, & most likely still have quite a few bugs.

Half a year perhaps.