VeriFone (NYSE:PAY) announced yesterday that the company would be restating its financial results for 2007 following a misevaluation of the company’s manufacturing and distribution overhead that affects the cost of revenues. Interestingly, the CEO’s planned sales of 43,300 shares just last week may make for an interesting coincidence. Meanwhile, the options market paints a picture of many insiders knowing that something was going to go wrong soon – with the number of puts open hitting a high.