Redflex Shareholders Fed Up


In a story from thenewspaper.com, Redflex Traffic Systems leadership reportedly could be ousted if major shareholders get their way.

The story is quoted as saying, “The number one operator of photo enforcement in the US, Redflex Traffic Systems, engaged in a public battle of words with its three largest shareholders this week. Thorney Holdings Ltd, Hunter Hall and Renaissance joined to force a shareholder vote to remove Redflex Chairman Chris Cooper and Directors Peter Lewinsky and Roger Sawley. The renegade investors, who hold 28 percent of the company stock, are upset with the mismanagement exemplified in the Redflex stock price and the “expensive failure” of the Arizona freeway photo radar contract.”

This is the strongest language used to date by investors describing Redflex’s very public failures in Arizona.

14 Responses to Redflex Shareholders Fed Up

  1. Matt says:

    Karma’s a BITCH, FUKCERS.

  2. Sure says:

    Stupid bitches!

  3. RPr says:

    I have heard it over and over again: ‘I no longer like coming to Loma Linda because of the red-light cameras,’ ” Popescu said. “There is people who stopped going to the doctor in Loma Linda because of red-light cameras. There is people who avoid certain streets and go to other streets, cause more problems, because of red-light cameras.”

    http://www.pe.com/localnews/inland/stories/PE_News_Local_N_nredlight15.47fb408.html

  4. Stacey says:

    I have never spent a dime in Scottsdale after I saw that first photo radar camera. I avoid the place like th plague.

  5. LoneWolf says:

    Regardless of management, the scam companies will continue to fail in Arizona. Arizonans are wise to the scams. Tickets won’t be paid and machines or scam vans cannot be set up to cheat as long as we’re watching them. The ultimate solution? “Get them outta here!”

  6. Totally! says:

    They need to focus their efforts and investment on sheep that pay, instead of on us pesky Americans with the constitution and all that stuff…😉

  7. Dr Jett says:

    When it is all about the money, the investors have a right to expect the promised return from the corporation that they are funding or heads will roll until the $$$$$$$$ invested pays off. The 3 largest shareholders are responsible to their investors to produce income or they need to pull out the money and put it into a better investment. Sorry Chris, Peter and Roger; you guys aren’t producing. Its time for you to go. Bye!

  8. ZX10R says:

    I have never heard so much bullshit in one place before “people not going to the doctor because of red-light cameras” and “people not going to Loma Linda(?) because of red-light cameras”.

    OMG how dumb are these people? If they don’t run red lights and if they don’t speed then the cameras won’t photograph them.

    If the do run a red light lets hope the collide with one of you complaining dipsticks and kill you.

  9. who says:

    oh yes, because thenewspapper.com is such a reliable truthfull credible site! right….

  10. norman sharette says:

    Thank all you people for working to get this on the ballot,these people forget who they are working for and they must go.Vote them all out.

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