SC 13D 1 john13d72006.htm REPORTING JOHN FARAHI'S BENEFICIAL OWNERSHIP OF BIGGEST LITTLE INVESTMENTS, L.P. Reporting John Farahi's beneficial ownership of Biggest Little Investments, L.P.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13D
Under the Securities Exchange Act of 1934

Biggest Little Investments L.P.
(Name of Issuer)


UNITS OF LIMITED PARTNERSHIP INTEREST
(Title of Class of Securities)


NONE
(CUSIP Number)

John Farahi
3800 S. Virginia St.
Reno, Nevada 89502
(775) 824-4401
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)


July 20, 2006
(Date of Event Which Requires Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨
 
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
 
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).



1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
     
John Farahi
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) □
       
(b) x
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
AF
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e)
 
□
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
  
       
United States of America
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
7
SOLE VOTING POWER
 
-0-
  
8
SHARED VOTING POWER
 
91,902
  
9
SOLE DISPOSITIVE POWER
 
-0-
  
10
SHARED DISPOSITIVE POWER
 
91,902
  
         
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
91,902
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
 
CERTAIN SHARES
□
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
       
50.79%
14
TYPE OF REPORTING PERSON
       
IN




Item 1. Security and Issuer

This schedule relates to units of limited partnership interest (“Units”) of Biggest Little Investments L.P., a Delaware limited partnership (the “Partnership”). The address of the Partnership’s principal executive offices is 1175 West Moana Lane, Suite 200, Reno, Nevada 89509.

Item 2. Identity and Background

(a) This statement is filed by John Farahi ("John").

(b) The business address of John is 3800 S. Virginia Street, Reno, Nevada 89502.

(c) John is Co-Chairman of the Board, Chief Executive Officer, Chief Operating Officer and a Director of Monarch Casino & Resort, Inc. (“Monarch”) and of Golden Road Motor Inn.

(d) John has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e) John has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f) John is a citizen of the United States of America.

Item 3. Source and Amount of Funds or Other Consideration

Effective April 3, 2003, Western Real Estate Investments, LLC, a Delaware limited-liability company, was merged with and into Western Real Estate Investment, LLC, a Nevada limited-liability company (“Western”). John’s sole ownership interest in the Partnership is through his equal beneficial ownership, along with his brothers, Bob Farahi (“Bob”) and Ben Farahi (“Ben”), in Western, which owns 50.79% of the Partnership’s outstanding Units.

John and Bob believe that on June 22, 2006, Ben caused Articles of Dissolution to be filed with the Nevada Secretary of State with respect to Western. On June 30, 2006, Bob and John caused a Certificate of Correction to be filed with the Nevada Secretary of State claiming that the Articles of Dissolution were filed without the proper authority.

Item 4. Purpose of Transaction.

On May 3, 2006, Monarch notified Ben, in his capacity as the manager of Maxum, LLC, the general partner of the Partnership, that the board of directors of Monarch wished to commence negotiations for purchasing the shopping center property owned by the Partnership located adjacent to Monarch’s hotel casino, the Atlantis Casino Resort. While a committee comprised of the independent directors on Monarch’s board of directors has been accumulating information relative to a potential purchase offer, no proposal has yet been made. No assurance can be given that any proposal will actually be submitted to the Partnership, or if submitted that the proposal would result in an actual purchase of any property by Monarch.

John is Co-Chairman of the Board, Chief Executive Officer, Chief Operating Officer and a Director of Monarch. Bob is Co-Chairman of the Board, President, Interim Treasurer, Interim Secretary and a Director of Monarch. Ben formerly was the Co-Chairman of the Board, Secretary, Treasurer, Chief Financial Officer and a Director of Monarch. Monarch’s board of directors accepted his resignation from these positions on May 23, 2006.

Item 5. Interest in Securities of the Issuer

(a) The aggregate percentage of Units reported owned by John is based upon 180,937 Units outstanding, which is the total number of Units outstanding as reported in the Partnership’s latest report on Form 10-QSB, for the quarter ended March 31, 2006. Through his ownership in Western, John, along with Bob and Ben, beneficially own 91,902 Units, representing approximately 50.79% of the number of issued and outstanding Units as of March 31, 2006.
 
(b)  John, along with Bob and Ben, through their ownership in Western, share the power to vote and dispose of 91,902 Units.
 
(c)  John and Bob believe that on June 22, 2006, Ben caused Articles of Dissolution to be filed with the Nevada Secretary of State with respect to Western. On June 30, 2006, Bob and John caused a Certificate of Correction to be filed with the Nevada Secretary of State claiming that the Articles of Dissolution were filed without the proper authority.
 
(d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any Units owned by John, except Ben and Bob, who may have certain rights as a result of their positions with Western.
 
(e) Not applicable.
 
Item 6. Contracts Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
 
Not applicable.

Item 7. Material to be Filed as Exhibits

Not applicable.



SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 

 
John Farahi


By: /S/John Farahi 
    John Farahi
Dated:  July 20, 2006