First off, welcome to theswamp. I'm sure you will find many helpful people here, and you will enjoy your stay.
Now for your question. Here is one I wrote that will strip the formatting from mtext, and the fromatting is color, font, width and height. After you call the command, you can just type 'all' at the command line and it will select all the mtext objects in the draiwng. Have fun with it.
(defun c:StpMtext (/ ss ent1 ent2 tstr1 tstr2)
; Strips Mtext of certain formating
(command "_.undo" "_end")
(command "_.undo" "_group")
(if (setq ss (ssget '((0 . "MTEXT"))))
(while (/= (sslength ss) 0)
(setq ent1 (ssname ss 0))
(setq ent2 (vlax-ename->vla-object ent1))
(setq tstr1 (vlax-get ent2 'TextString))
(setq tstr2 (StripString tstr1))
(vlax-put ent2 'TextString tstr2)
(ssdel ent1 ss)
); while
); if
(command "_.undo" "_end")
(princ)
)
;-------------------------------------
(defun StripString (String / cstr1 cstr2 nString cnt1 tstr1)
; Strips out formation for color, font, height and width.
(setq cnt1 1)
(while (and (setq cstr1 (substr String 1 1)) (> (strlen String) 0))
(if (= cstr1 "\\")
(progn
(setq cstr2 (substr String 2 1))
(if (member (strcase cstr2) '("C" "F" "H" "W"))
(progn
(while (/= (substr String cnt1 1) ";")
(setq cnt1 (1+ cnt1))
); while
(setq String (substr String (1+ cnt1) (strlen String)))
(setq cnt1 1)
); progn
(progn
(if nString
(setq nString (strcat nString (substr String 1 1)))
(setq nString (substr String 1 1))
); if
(setq String (substr String 2 (strlen String)))
); progn
); if
); progn
(progn
(if nString
(setq nString (strcat nString (substr String 1 1)))
(setq nString (substr String 1 1))
); if
(setq String (substr String 2 (strlen String)))
); progn
); if
); while
(setq tstr1 (vl-string->list nString))
(if (and (not (member 92 tstr1)) (member 123 tstr1))
(setq tstr1 (vl-remove-if '(lambda (x) (or (= x 123) (= x 125))) tstr1))
); if
(vl-list->string tstr1)
)