Your New Scoop Site

Welcome to Scoop!

To help you figure things out, there is a Scoop Admin Guide which can hopefully answer most of your questions.

Some tips:

Most of the layout is changed in "Blocks", found in the admin tools menu
Features can be turned on and off, and configured, in "Site Controls" in the admin tools menu
Stories have an "edit" link right beside the "Full Story" link on an index page, and right beside the "Post a Comment" link on the full story page. They can also be edited by clicking the story title in the "Story List" admin tool
Boxes are what allow you to write new features for Scoop; they require a knowledge of the perl programming language to work with effectively, although you can often make small changes without knowing much perl. If you would like a feature added but cannot program it yourself, ScoopHost does custom Scoop programming as one of its services.
If you aren't sure where to look for a particular feature or piece of display, try the "Search Admin Tools" link in the admin tools menu.

For support, questions, and general help with Scoop, email support@scoophost.com

ScoopHost.com is currently running Scoop version Undeterminable from .

Tag: IPO

Hey.. Buy our stock, but...

By JGillman, Section News
Posted on Wed Aug 18, 2010 at 06:06:49 PM EST
Tags: GM, Government Motors, Stock, IPO, Disclosure (all tags)

Don't get your hopes up.

Not that anybody should expect an industry that still has a shock collar of union interest around its neck to do very well anyway. General Motors is selling some of its action to lucky buyers. In the filing of the IPO today, GM lowers your expectations:

"The ability of our new executive management team to quickly learn the automotive industry and lead our company will be critical to our ability to succeed.
Within the past year we have substantially changed our executive management team. We have elected a new Chief Executive Officer who will start on September 1, 2010 and a new Chief Financial Officer who started on January 1, 2010, both of whom have no outside automotive industry experience."

Per der kommisar's wishes, NO-ONE qualified to run the company need apply. In fact, even if they did, and got jobs, the discovery of whats under the hood might scare the lug nuts off em. Continuing:

"We have determined that our disclosure controls and procedures and our internal control over financial reporting are currently not effective. The lack of effective internal controls could materially adversely affect our financial condition and ability to carry out our business plan."

So the filing for the IPO for the NEW Government Motors includes a disclosure that: A. They have potentially incompetent leadership, and B. No idea where the money gets spent and a lack of oversight for such things.?

As they say in the biz.. "Read the Prospectus." Ay yi yi..

(9 comments) Comments >>