Sandy, let me tell you that catasetums when they develop new growth likes warm and dry conditions. No water at all since the new shot has a relatively big size, does not matter if old p. bulbs shrivell they will get healthy when you can water again the plant. First picture looks ok and you should hurry up a little bit to transplate the plant to another medium to avoid root damage. Damaging the new roots makes a very slow growth. Do not water at this moment. Also use a proper medium (a mix of dry semi decompose wood, charcoal and coconout fiber. The fiber must be washed several times to get rid of salts. Use plastic pots and put at the bottom pieces of red brick for drainage. Second picture the plant is almost dead, you may recovery it with some lock.