No LPIO's aren't farked. You still have the opportunity to exercise - pay your $0.55 per option via the paperwork from the registry to convert to FPO shares.
If you were looking to exit LPIO's on market before they delisted, well that's another story. Unless the company comes out of TH today (unlikely) then my guess is they won't come back on as there is insufficient time for 'new holders' to be registered and receive their LPIO paperwork.
LPIO's will only become worthless if the share price trades below $0.55 by Friday, otherwise you will need to pay the $0.55 and convert your options.
options, page-11
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