The latest results (Q3) were released on Friday.

http://www.investegate.co.uk/Article.aspx?id=200711090918193571H
These show a loss of $125,000 versus $558,000 for corresponding period last year.
Reduced losses due to cost-cutting and big jump in revenues. So cash burn almost stopped. The consultancy business looks viable now and revenues have doubled this year.

The company is due another $400,000 in Q$ as compensation for the WorldCom fiasco. Thats another 0.4p per share (not accounted for in the last balance sheet).

Shares in issue are 64M. However 13M are in an employees benefit trust. These shares are a legacy from the days when BEK was London Pacific. These shares are effectively treasury shares and will either be sold in the market or cancelled.

Theres another complication in that most of the cash is still in the books of BEK's insurance company subsidiary LPAL. LPAL is currently being wound down with only $0.2M of insurance policies still outstanding. Once LPAL is closed then the cash will be available to BEK.

So dirt cheap. You may have to be patient but BEK is a growing consultancy business and may soon be generating cash. Good Luck!