UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
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Caprius, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
14066K107
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(CUSIP Number)
Noah Klarish & Associates, P.C.
Two World Trade Center, 93rd Floor, NY NY 10048 (212) 488-1111
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 25, 1998
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(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 Rule 13d-1(b)(3) or (4), check the following box |_|.
Check the following box if a fee is being paid with this statement |_|. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such
class.)(See Rule 13d-7).
Note: Six copies of this cover page shall be filed 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
disclosures provided in a prior cover page.
* 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
disclosures provided in a prior cover page.
The information required on 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).
<PAGE>
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CUSIP No. 14066K107 Page 2 of 6 Pages
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Albert Investment Strategies, Inc.
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2 Check the Appropriate Box If a Member of a Group* a. |_|
b. |_|
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3 SEC Use Only
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4 Source of Funds
WC and PF
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5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e) |_|
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6 Citizenship or Place of Organization
Florida
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7 Sole Voting Power 692,564 (includes 440,064 shares
Number of held by Albert Investment Associates, L.P. and 252,500
Shares shares held by various accounts over which Albert
Beneficially Investment Strategies, Inc. has discretionary
Owned By authority.)
Each --------------------------------------------------------
Reporting 8 Shared Voting Power
Person
With 0
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9 Sole Dispositive Power 692,564 (includes 440,064
shares held by Albert Investment Associates, L.P. and
252,500 shares held by various accounts over which
Albert Investment Strategies, Inc. has discretionary
authority.)
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10 Shared Dispositive Power 252,500 shares held by various
accounts over which Albert Investment Strategies, Inc.
has discretionary authority.)
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
692,564
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12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |_|
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13 Percent of Class Represented By Amount in Row (11)
9.4%
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14 Type of Reporting Person*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. Security and Issuer.
This statement relates to the Common Stock, $.01 par value per share
(the "Common Stock"), of Caprius, Inc., a Delaware corporation (the "Issuer").
The Issuer maintains its principal executive office at 46 Jonspin Road,
Wilmington, MA 01887.
Item 2. Identity and Background.
(a) This statement is filed by (i) Albert Investment Strategies,
Inc., a Florida corporation ("Albert Investment Strategies"), with respect to
shares of the Issuer's Common Stock held in investment accounts over which
Albert Investment Strategies has discretionary authority, and (ii) Albert
Investment Associates, L.P., a Delaware limited partnership (the "Albert
Partnership") with respect to shares of the Issuer's Common Stock held by it.
Albert Investment Strategies and the Albert Partnership shall sometimes be
collectively referred to herein as the "Reporting Person."
(b) The Reporting Person filed an initial Schedule 13D for an event
of July 10, 1998 (the "Initial Schedule") and Amendment No. 1 to the Initial
Schedule for an event of July 31, 1998. Except to the extent set forth in this
Amendment, the information in the Initial Schedule and the prior amendment
remains unchanged.
Item 3. Source and Amount of Funds or Other Consideration.
Albert Investment Strategies has discretionary authority over
accounts which own 252,500 shares of the Issuer's Common Stock for which such
accounts paid a total of $373,887.39 from the personal funds of the beneficial
owners of such accounts. The Albert Partnership directly owns 440,064 shares of
the Issuer's Common Stock for which it paid $712,674.66 from its working
capital.
Item 5. Interest in Securities of the Issuer.
(a) The number of shares of the Issuer's Common Stock and the
percentage of the outstanding shares (based upon 7,364,934 shares outstanding as
reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended
June 30, 1998) directly beneficially owned by each Reporting Person is as
follows:
Percentage of
Name Number of Shares Outstanding Shares
- ---- ---------------- ------------------
Albert Partnership 440,064 6.0%
Albert discretionary accounts 252,500 3.4%
<PAGE>
(b) Albert Investments Strategies has sole power to vote 692,564
shares of the Issuer's Common Stock and the sole power to dispose or direct the
disposition of 440,064 shares and the shared power to dispose or direct the
disposition of 252,500 shares of the Issuer's Common Stock.
(c) See Appendix I annexed hereto.
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<PAGE>
Signatures
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: August 25, 1998
ALBERT INVESTMENTS STRATEGIES, INC.
By: /s/ Ira Albert
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Ira Albert, President
ALBERT INVESTMENT ASSOCIATES, L.P.
By: ALBERT INVESTMENT STRATEGIES, INC.
By: /s/ Ira Albert
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Ira Albert, President
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<PAGE>
APPENDIX 1
TRANSACTIONS IN CAPRIUS, INC. COMMON STOCK WITHIN THE PAST 60
DAYS OTHER THAN THOSE PREVIOUSLY REPORTED.
All transactions were open market purchases and the commissions are
included in the price of the shares.
1. Albert Investment Associates, L.P.
No. of
Trade Shares Cost of
Date Purchased Price Per Share Purchases
---- --------- --------------- ---------
8/4/98 6,800 $1.75 $12,040.50
8/5/98 12,000 1.78 21,618.75
8/6/98 4,500 1.69 7,688.25
8/24/98 6,600 1.19 7,392.00
8/24/98 3,100 1.33 4,152.76
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33,000 $52,892.26
2. Other Discretionary Accounts.
No. of
Trade Shares Cost of
Date Purchased Price Per Share Purchases
---- --------- --------------- ---------
8/5/98 7,000 $ 1.69 $11,812.50
8/10/98 20,000 1.75 35,000.00
8/11/98 20,000 1.59 31,875.00
8/25/98 5,000 1.40 7,050.00
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52,000 $85,737.50
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