I have had all kinds of problems with Kobo with my books as published through Smashwords. For over a year, they have not been updating the changes to my books as every other channel on smashwords does in a timely fashion. Now, Kobo has uploaded the newest versions of my books, but is still selling the old versions also. So all of my books are listed twice in their catalog.
As others have mentioned on here, it is the most frustrating aspect of using Smashwords, is how slow they can be to address problems when they arise.
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