I sincerely doubt LIWA will trade again anytime soon.
If and when it does, it will probably been on the pink sheets or grey market (probably latter). There's a small chance that if the company provides the required information NASDAQ asked for (not sure what that was exactly), then trading will resume on NASDAQ and shorts will cover their positions. Judging from the company's handling so far, however, they don't seem to care and aren't communicating with shareholders. This is why I'm not confident they plan on doing anything other than laughing all the way to the bank.
If the worse case scenario happens, brace for a likely total loss and prepare to sell when it opens for trading on which ever exchange. Make sure your brokerage allows trading of grey market stocks in case it comes down to that. You might recover a small amount on opening day when shorts cover their positions and buy back shares. After that, it's pretty much a dead stock.
NASDAQ should announce in advance when LIWA will become delisted, so keep your eyes open. Don't forget to sign up for the class action lawsuit.
