I agree completely.I agree with that, and personally find myself torn when it comes down to the "expectation" that puts always exceed the value of the take. If this was the case, then an argument could be made that folks only organize and run a pass to get back a bunch of nicer, more valuable cigars than they started with. Now we all know that's not the case. I think perhaps the way I see it is in extreme conditions. I wouldn't set a particular number on it, since a 50 cent difference means alot more with a $4 cigar than it does with a $20 cigar. But I see no problem when a put falls just short of the take. I think my issue is when someone grossly puts an undervalued cigar for another, and then justifies it by saying that one of their puts was worth way more.
It really is up to the pass organizer and the participants to 1) establish/agree upon the expectations and ideals of the pass and 2) police it by making sure that actions are consistent with the above.
We're all big boys and I'd like to think that if someone were doing something skunky, he'd get called on it. For all other sincere attempts to "do the right thing" (which I believe Satchmo has done in this case), we're here to help and teach each other.
Wilkey