Don't worry about those brown spots. They're not going to kill the plant.
The dried bracts on the bottom of the pseudobulbs are typical of the plant once the pseudobulbs mature. The leaves that surround the pseudobulbs eventually die off and the only leaves that will persist a little while longer are the ones on top of the pseudobulbs.
The pot's much too big, btw. Find a 2" pot.
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Philip
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