Verizon played a key role in Amp'd Mobile's decision to file for bankruptcy late Friday-and the timing, according to an affidavit by Bill Stone, president of Amp'd Mobile, filed Monday in federal bankruptcy court in Delaware. The affidavit is meant to support various motions that would allow the company to continue operating without interruption. Keep in mind: this is the Amp'd side of the story.

Stone's sworn affidavit proffers an outline of events that show a company growing too fast in too short a time without the right systems in place. After a growth spurt in late 2006 and early 2007, Amp'd wound up with a large number of new subs-the sub total hit 100,000 by the end of 2006-and, within months, an equally high number of non-paying customers (approaching 80,000 by late May) leading to what Stone describes as a "liquidity crisis."