Staring at this item right now in the bazaar 5KP, it's stats are as follows:
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MAGIC ITEM LORE ITEM
Slot: PRIMARY SECONDARY
Skill: Piercing
Delay: 20
Base Dmg: 4
Backstab Dmg: 4
Effect: Desperation (Combat)
STR: +1 DEX: +2
SV POISON: +2
Recommended level of 50
WT: 0.8 Size: MEDIUM
Class: WAR RNG SHD BRD ROG BST
Race: ALL
Slot 1, type 4: empty
Slot 2, type 20: empty
Desperation
Required Level: 50
Spell Effect: Imparts desperation to your weapons, allowing them a chance to cause partial memory loss.