the pdf form button is grayed out, and when i click to create pdf, only creates a pdf of OLD version of form, not current version

May I know which form you are referring to?

Please note that widgets won't work on the fillable PDF form. Here's a guide that you can refer to: http://www.jotform.com/help/312-Fillable-PDF-Everything-you-need-to-know-about-JotForm-Fillable-PDF-Creator 

We'll wait for your response.