question about terminal spikes

[cirillonb]

I've been asked to look at a phal. because the owner could not get it to re-bloom. It is healthy although in the original sphagnum it was bought with, but that doesn't look too bad.
The flower spike was cut off above the node closest to the plant and a leaf is growing out of that node.
Is all lost or if I cut off the stem at the base might it bloom again?
If there is a chance I'll repot it for her and nurse it a while but I have neither time, space or patience to work on a lost cause (especially when it is not mine.)
Nick