Hey Vincent,
I realize this is almost a year old, but I just wanted to post that I understand what Mike is saying and his frustration with the response he received.
I am having the same issue right now:
I created a project in PSD because of certain capabilities that are specific to PSD, but in order to print it, I need it in AI format. Due to the nature of the printing machines we are using, the text has to be editable in AI format but, even after making the photoshop file as simple as possible, not all the text is editable. I have used two fonts – one that AI is reading and one that it is not. However, even though it is reading one of the fonts, not all of the text boxes that contain that particular font are being read by AI. I have the same exact text in the exact same text boxes multiple times on the artboard, and yet AI is only reading one of the text boxes. It is incredibly frustrating and no matter what settings I change or what I move around, it will either read only one text box or none of them at all.
If you have any advice, I would love to hear it. 🙂