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Have you tried to select the points and edit the Z value (Position Z) to 0 in Properties?
if you have Express Tools , use FLATTEN...
just curios though.. are you taliking about "POINT" the entity type?
in that case just change tjhe elevation to 0... via properties.
come to think of it, either way properties (ctrl+1) should work if its and single entity with varying z elevation
I'm confuse
now i'm not making sense