I have seen and owned a lot worse. Some spag in the mix may help but like Carol said the more you move it around the more it sets it back. I haven't had much luck bagging an orchid in the spagh and bag because humidity builds up too much. However I have had good luck doing it modified. I either take a glass fish tank that I put decorative stone or a bit of moss at the bottom and moisten it. Then I put an inverted bowl in the tank and set the orchid on top of it. I then cover the top of the tank 3/4 of the way with Saran Wrap. This lets humidity build up but the plant can also have some fresh air. The other way is to get decorative stones and put that on a plate and then add water to the plate. Put the orchid on top of the plate and make sure it is not in the water. I usually have to add water every day to the plate. Others I have heard have had success with setting the orchid on top of an egg carton filled with water.
The good news is that the orchid doesn't look nearly as bad as one I saved. It takes some time and don't expect that it will happen overnight. The kelp max will definitely help or Neptunes harvest.
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Another method I have also used is to take a glass of water and suspend the orchid above the glass on bamboo skewers. It encourages root growth.