When you say you dragged it to the Kobo - did you do this doing ADE? When you open ADE with the Kobo plugged in, you should see on the left-hand side a list of "shelves" like Borrowed, Purchased and one called KoboReader. If your Kobo is authorised, it should appear there. Did you drag the book onto the KoboReader shelf?
Things to try - first, delete the book from the Kobo. Then unplug and let Kobo update it's contents again - this should clear the book completely (I've had problems where I delete and re-load at the same time). Then try reloading using the above.
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