This drove me crazy. One Excel Textbox has 4 bulleted paragraphs. When I copy the contents into another textbox, 2 of the bullets get clobbered. Open the attachment and try it yourself.
I worked around the problem by copying the entire box, but I thing this is might weird.
By the way, the text originated in a word document which might have something to do with this screwy stuff.
So, the problem is "solved" but I wonder if anyone really understands what the heck is going on.