It means Calypso failed to file their state tax and Annual Report which is required to keep Calypso an active corporation. The state of Florida regards them to be a dissolved corporation. The filings and tax payment are pretty simple. The fact that it was not done is a sign of how screwed up this company is, or is a signal that they don't have the cash to pay the tax and filing fee. The state won't take shares of stock as payment.
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