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Might sound silly but I will say what many others say. Is the battery charged? To me trying to process 700mb of files will chew through the battery in no time, and perhaps it has gone flat. I don't have a Kobo anymore (full refund on the Wifi.....long story...well not long just sad.) and I don't know if there is any battery/power management during processing and whether the Kobo will shutdown neatly if power is low while processing new content.
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