One way to think about a company like DWS is like a lotto ticket or an option.
Why is there a Going Concern by auditors?
Year to date
1) the company reported a 3 million dollar loss.
2) cashflow from operations was a 1.7 million dollar loss.
3) working capital deficiency of $2.8 million dollars.
The book value of the assets are not bankruptcy value.
Lassonde effectively owns over a third of the company so it is unlikely they want to lose their tangible book value of investment to primary creditors.
The value of DWS option is the tangible book value per share discounted to today by your next best investment. ie Reitmans has YTD EPS $1.03, $65M cash, Tangible Book Value around $6, trading at a 52week high with PE of 3.7
So given that I would pay today about 15 cents for DWS because Reitmans offers much less risk and much reward. This is not investment advice to go buy Reitmans.