I upgraded my armor while grinding out the requirements on the majestic pieces to upgrade to magnificent. When that was complete the Magnificent armor set reset to 1 energy and all the mats I invested in upgrading the majestic set were gone. This is not right, I had so much fun doing all those activities just to be left with a feeling of disappointment when this happened. The armor should have retained all those upgrades and not reset to 1. Did I miss something? Were there warnings that this would happen? Bungie I think you should make this right and refund the mats.
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As is the case in these events, when going from one rarity/item to the next, your former items are deleted/removed & replaced with the updated versions. As such, using materials to upgrade the former version(s) is an nonrefundable purchase.