Basic License showing wrong expiration date

I ran the update license command on ES cluster and kibana cluster today to switch to basic license.
On kibana console it shows todays date itself as expiration date. I hope this is not the real case?
Does this mean something or is it a bug?

What version are you on?

On 7.1.0

Is this part of the downgrade topic you asked about previously?

Yes Mark. This is the link for that topic for others reference

So yesterday it was showing yesterdays date 17th August. Today it is showing todays date 18th August.

As the basic license never expires I wonder if today’s date is shown instead of N/A?

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