You cannot exactly convert multimedia files (like .wav) to a playlist format ( for example .m3u), which is what wav to m3u conversion would represent.
However, in most media players users have the option of creating their own playlists with references to the actual audio files. So not a conversion, but a standard feature in many media players.
This conversion entry was verified by us and conversion was flagged as wrong or not possible.
Usually this happens when the conversion would try to convert different types of data between each other, such as audio to image, or it is not possible because incompatibility between programs, caused by closed file formats, very limited support etc.
If you find entry that you feel is flagged as bad wrongly, please tell us in the discussion below with as much as information as possible so we can fix it.