If someone were to receive status based on the rolling year early in 2006 (say January or February), would you in fact receive status for the remainder of 2006 and all of 2007 as stated? Wasn't sure if there was a cut-off date early in the year to receiving a membership card with a "February 2008" expiration.

Also...it appears that a Plat is downgraded one-notch to Gold the following year even if he or she does not hit 50 nights...is that correct?