We have talked about this before about why there was no GM events and it's simple. If there was a GM event then the reward would have to be something to the point of being close to "epic" just to make people happy.
Otherwise, players would bitch, complain and say it was a waste of their time and they could have farmed a better item.
I remember the last GM event and I think the code got screwed up and it gave out random items for rewards and it was as players would put it, "vendor junk" and bitched and complained and sold the items...
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