Hi guys! Hope you can help with my orchid dilemna.

I have had a Phalaenopsis for over a year now. Just recently I saw
green buds coming from the top of the stem. I thought this was a sign
of it budding but as the months passed it appears instead that it has
grown green leaf petals of some sort. There are now three nicely
colored green leaves at the bottom and two at the top of the stem.
with a long, thin glossy colored "bud" hanging down. Does anyone have
an idea of what may be happening here?

Thanks in advance for any advice, Id be happy to send a photo!

FYI: After the bloom last year, I cut the stem about two inches from
the top.