FUBAR to the max.................beyond recognition, but not beyond repair. I am finishing up an LS-3a that looked just about that bad (photos available). Figure I could do another next Winter for something like 15K out the door, grind it all off, heavy prime with Polyprime, light prime & fill last pin-holes, contour with long board, paint with Acrylic Urethane, wet sand with 600, buff and wax.
E-mail me at..........johnsinclair75(at)yahoo.com
JJ