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I'm pretty sure that it means that the 19th will be your last day. They'll probably give you a heads up and ask you if you want to resubscribe or something like that.

Hey guys, thanks for all the positive feedback, and the lol-worthy arguing. Hahaha, I've never contributed anything to this forum, even though you guys have saved me tons of money, so I just thought I'd drop this one down since I hadn't seen it here before in hopes of returning the favor.

PSN is having a sale next update that will include a Borderlands bundle deal for $14.99 for Playstation Plus and $19.99 for regular PSN members. There's a few other deals mentioned in the blog, but they're mainly meant for PSN Plus users, but there's also talk of a 2K Summer Sale...