Little Phal having some trouble

[Vernmcs]

Last February I purchased my first orchid, I did a little research (not on here) and repotted it in a painted terracotta pot with some spagnum moss loosely around it. Awhile ago I noticed that the leaves were a little wrinkled and I thought I just needed to water it, as I hadn't for a while. Talking with a girl that I work with she told me that I needed to change the medium and the pot. So I did yesterday I got a terracotta orchid pot and some 'special' phal potting medium, it has charcoal, peat, bark pieces and some other things. I have some pictures below. When I took it out of the pot most of the roots were rotted, I removed those and it has about 3 or 4 good roots that had begun to grow above the soil. It also has one large leaf and a smaller one about 2 to 3 inches long My questions are is there any chance of it flowering this year (I'm mainly just curious.) also more importantly do you all think that it will make it?