SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

BONANZA CAPITAL LTD

(Last)

(First)

(Middle)

300 CRESCENT COURT

SUITE 250

(Street)

DALLAS

75201

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/04/2006

3. Issuer Name and Ticker or Trading Symbol
CAPRIUS INC [ CAPS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	470,000	D⁽¹⁾
Common Stock	470,000	I	Footnote⁽²⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Series D Convertible Preferred	02/17/2006⁽³⁾	⁽⁵⁾	Common Stock	1,142,900	$0	D⁽¹⁾
Series D Convertible Preferred	02/17/2006⁽³⁾	⁽⁵⁾	Common Stock	1,142,900	$0	I	Footnote⁽²⁾
Series A Warrants	02/17/2006⁽⁴⁾	02/17/2011	Common Stock	149,262	$1.5	D⁽¹⁾
Series A Warrants	02/17/2006⁽⁴⁾	02/17/2011	Common Stock	149,262	$1.5	I	Footnote⁽²⁾
Series B Warrants	02/17/2006⁽⁴⁾	02/17/2011	Common Stock	298,524	$2	D⁽¹⁾
Series B Warrants	02/17/2006⁽⁴⁾	02/17/2011	Common Stock	298,524	$2	I	Footnote⁽²⁾

1. Name and Address of Reporting Person^*

BONANZA CAPITAL LTD

(Last)

(First)

(Middle)

300 CRESCENT COURT

SUITE 250

(Street)

DALLAS

75201

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

BONANZA MASTER FUND LTD

(Last)

(First)

(Middle)

C/O J.D. CLARK & CO.

2425 LINCOLN AVENUE

(Street)

OGDEN

84401

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. These securities are owned by Bonanza Master Fund, Ltd. (the "Master Fund"), which is a reporting person.

2. These securities may be deemed to be beneficially owned by Bonanza Capital, Ltd. by virtue of its role as the investment manager of the Master Fund. Bonanza Capital, Ltd. disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

3. Pursuant to the Certificate of Designations, Preferences and Rights of Series D Convertible Preferred Stock of Caprius, Inc. dated February 15, 2006, the Reporting Persons may not convert Series D Convertible Preferred Shares into Common Stock, if after giving effect to such conversion, the Reporting Persons would beneficially own more than 9.99% of the outstanding Common Stock of the Issuer.

4. Pursuant to the Form of 2006 Series A Warrant dated February 17, 2006 and the Form of 2006 Series B Warrant dated February 17, 2006, the Reporting Persons may not exercise Series A and Series B Warrants if, after giving effect to the exercise, the Reporting Persons would beneficially own more than 9.99% of the outstanding Common Stock of the Issuer.

5. There is no expiration date.

	Bonanza Capital, Ltd., By: /s/ Bernay Box	01/25/2007
	Bonanza Master Fund, Ltd., By: /s/ Bernay Box	01/25/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.