NetEvent Problem?

I've been recently looking at the NetConnection::eventReadPacket() method, and I've encountered a problem with NetEvents. The NetEvent I'm using is guaranteed but not guaranteed ordered. After it is created through ConsoleObject's static method create(), it is then unpacked and enters the

if(unguaranteedPhase)
{
...
}

section, where the NetEvent is processed and then has it's reference count decremented. Decrementing the reference count sets the object for deletion once it reaches zero and only zero. At this point, the loop either continues and the NetEvent pointer becomes invalid or the function exits if there is an error.

My question concerns the reference count. At no point in this method is the reference count incremented between the NetEvent creation and the NetEvent::decRef() call. Therefore, by the time the reference is decremented, the reference count of the object goes to -1 and is not deleted (since the decRef checks only against zero and not below zero). Is there another place that the NetEvent is possibly being deleted? Or is this a memory leak?

My particular problem arises when I increment the NetEvent reference count because I am adding it to a queue when the NetEvent is processed. When the queue is processed, the NetEvent pointer points to bad memory (deleted) due to the decRef() call after the process.

Thanks for your thoughts and help!
~Matt