The psuedobulbs are severely dried out! You should know that plants Ted to suffer a bit (or sulk) when first planet to SH. Personally, I'd recommend just potting it in as small of a pot as possible, remove it from the light, get a rooting hormone (like KLN or the one Ray offers or similar) and just try to keep it alive for now. New roots and growth tend to start in the spring. I'd personally wait until you see some active root growth starting before attempting it. Maybe Ray can chime in on this as well
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