Man, I only just noticed there was no engram in his stock a few minutes ago and started looking for an explanation... If they are gone whats the point in collecting motes of light? I don't want an overpriced butt flap for my Titan from the Speaker, they don't even look any good.
Disregard the fact that every time I bought an engram I got something for another class... But a chance is still better than a slightly more colorful butt flap.
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Even then, the first exotic I got was Mask of the Third Man, BEFORE he ever sold it (plus it had better stats), so I was at least happy with the other class item I DID get. I actually LIKED the variances in Exotic Armors, I thought it made the Meta just a little more appealing. Removing the Exotic Engrams means EVERYONE will have the SAME stats on their Exotics, which is just boring as all hell.