UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.__5__)*
ChoiceTel Communications, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
17039H-10-1
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(CUSIP Number)
May 31, 2000
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(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
/X/ Rule 13d-1(b)
/_/ Rule 13d-1(c)
/_/ Rule 13d-1(d)
*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).
SEC 1745 (2/92) Page 1 of 6 pages
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CUSIP No. 17039H-10-1 13G Page 2 of 6 pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.OF THE ABOVER PERSON
Perkins Capital Management, Inc.
41-1501962
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) /_/
(b) /_/
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
730 East Lake Street, Wayzata, Minnesota 55391
NUMBER OF 5. SOLE VOTING POWER
211,322
SHARES BENE-
6. SHARED VOTING POWER
FICIALLY 0
OWNED BY 7. SOLE DISPOSITIVE POWER
620,372
EACH REPORTING
8. SHARED DISPOSITIVE POWER
PERSON WITH: 0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
450,372
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: /_/
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW:
12.7%
12. TYPE OF REPORTING PERSON
IA
Page 2 or 6 pages
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CUSIP No. 17039H-10-1 13G Page 3 of 6 pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF THE ABOVE PERSON
The Perkins Opportunity Fund
13-3682185
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) /_/
(b) /_/
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
A Massachusetts Business Trust
NUMBER OF 5. SOLE VOTING POWER
0 (refer to item 5 on page 2 of 6)
SHARES
6. SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY EACH 7. SOLE DISPOSITIVE POWER
0 (refer to item 7 on page 2 of 6)
REPORTING
8. SHARED DISPOSITIVE POWER
PERSON WITH 0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
170,000
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
/_/
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.8%
12. TYPE OF REPORTING PERSON *
IV
SEC 1745 (2/92) Page 3 of 6 pages
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CUSIP No. 17039H-10-1 13G Page 4 of 6 pages
ITEM 1.
(a) Name of Issuer
ChoiceTel Communications, Inc.
(b) Address of Issuer's Principal Executive Offices
9724 10th Avenue North, Plymouth, MN 55441
ITEM 2.
(a) Name of Persons Filing
Perkins Capital Management, Inc. a Minnesota Corporation
The Perkins Opportunity Fund, a Massachusetts Business Trust
(b) Address of Principal Business Office or, if none, Residence
730 East Lake Street, Wayzata, MN 55391-1769
(c) Citizenship
A Minnesota Corporation
A Massachusetts Business Trust
(d) Title of Class of Securities
Common
(e) CUSIP Number
17039H-10-1
ITEM 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) /_/ Broker or a Dealer registered under Section 15 of the Act
(b) /_/ Bank as defined in section 3(a)(6) of the Act
(c) /_/ Insurance Company as defined in section 3(a)(19) of the Act
(d) /X/ Investment Company registered under section 8 of the
Investment Company Act
(e) /X/ Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) /_/ Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund
(g) /_/ Parent Holding Company, in accordance with 240.13d-1(b)(ii)(G)
(Note: See Item 7)
SEC 1745 (2/92) Page 4 of 6 pages
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CUSIP No. 17039H-10-1 13G Page 5 of 6 pages
(h) /_/ Group, in accordance with 240.13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
(a) Amount beneficially owned:
The total amount beneficially owned is 620,372. Of this, 242,436
shares and 207,936 warrants exercisable within 60 days are held for
clients of Perkins Capital Management, Inc. and 85,000 shares and
85,000 warrants are held by the Perkins Opportunity Fund. Perkins
Capital Management, Inc. disclaims beneficial ownership over all
shares.
(b) Percent of class:
The total percent of class held is 17.5, which includes 12.7% held
in client accounts and 4.8% held by the Perkins Opportunity Fund.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
Perkins Capital Management, Inc. has to sole power to vote
211,322 shares, which includes 85,000 shares held in the
Perkins Opportunity Fund.
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
Perkins Capital Management, Inc. has the power to dispose of
620,372 shares, which includes 242,436 common and 207,936
warrants exercisable within 60 days that are held in client
accounts and 85,000 common equivalents and 85,000 warrants
exercisable within 60 days that are held in the Perkins
Opportunity Fund.
(iv) Shared power to dispose or to direct the disposition of:
0
SEC 1745 (2/92) Page 5 of 6 pages
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CUSIP No. 17039H-10-1 13G Page 6 of 6 pages
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
With the increse in shares outstanding by the company, The Perkins
Opportunity Fund now holds only 4.8%.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in
any transaction having such purposes or effect.
JOINT FILING AGREEMENT PURSUANT TO RULE 13D-1(F)(1)
This agreement is made pursuant to Rule 13d-1(f)(1) under the Securities
Exchange Act of 1934 (the "ACT") by and among the parties listed below, each
referred to herin as a "Joint Filer". The Joint Filers agree that a statement
of beneficial ownership as required by Section 13(d) of the ACT and the rules
thereunder may be filed on each of their behalf on Schedule 13D or Schedule
13G as appropriate and that said joint filing may thereafter be amended by
further joint filings. The joint filers state that to the best of their
knowledge and belief they each satisfy the requirement for making a joint
filing under rule 13d-1.
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.
June 8, 2000
By /s/ Richard C. Perkins
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(Signature)
Richard C. Perkins, VP/Portfolio Manager
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(Name/Title)
By /s/ Steven Paggioli
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(Signature)
Steven Paggiolit/Professionaly Managed Account
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(Name/Title)
SEC 1745 (2/92) Page 6 of 6 pages
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