So I just found out that once you "give" an item to your fellowship mates then it's gone forever. Yup...that was a good decision right there. I just lost my best sword because of that. I would really like to know how this feature got passed by the QA people as I refuse to acknowledge this is was some deliberate.
I really hope Snowblind are going to fix this.
again, only use the give option in case you know you do not want the item as you will lose it forever.
I am not upset that they made it this way but I am upset that they didn't let you know prior to using that feature.