Also, Catasetinae should never be unpotted while in active growth (like now) Repotting time is while they are dormant. A small plant like that should be potted in something that will hold moisture (I use sphagnum but there are plenty of other approaches that other members have discussed). During the spring and summer (while in active growth), water copiously. You can't overwater these. Also fertilize fairly heavily. I use time-release in addition to my regular (light) fertilizing to get them enough. Then, as the weather cools, the leaves will dry and drop as it approaches dormancy. During dormancy, put it someplace where it will be ignored. You can repot in late winter, before new growth starts. Then, when new growth starts in the spring, resist the urge to water right away... you want the new roots to be 3-4 inches before you start watering.
For an overview of Catasetum culture check out
Catasetum Culture . Also, isurus79, a frequent contributor to the Board, has several videos on the subject that are excellent. You can find links to these in a Search.