It looks FINE! Paphs do that sometimes. It usually doesn't happen with the next growth, too. It's caused by something cultural.....basically, it's YOUR fault. That does not mean you're a bad grower, you're just not meeting the needs of that particular plant in order for it to grow a nice, compact leaf fan like you prefer. Stuff like this comes with the teritory. It's an uproven seedling. That's why you only paid $45. If it was a division of a plant that had already grown up and bloomed and was seen to be top notch, you'd have to pay hundreds for it. When you buy a seedling, you are "buying on spec". That is: (based on what you know of the parantage), you are speculating about what they will produce and since you like what you speculate you will get, you decided to buy the plant. It's NOT a matter of getting a shitty plant or not. What you got is a genetically unique individual plant that is unproven. That's what you paid for and that's what you got. Why all the bad temper? If you don't like speculating, never buy seedlings again. Only buy divisions of proven plants; but, be prepared to pay, big time for those!
So, YOU had high hopes. Is Theresa in control of what you think? NO! Plus, there's nothing wrong with the plant. It could very well grow a nice spike of fantastic flowers for you. It could very well produce a much more compact leaf fan the next time it grows one. It's a fact that certain wavelengths of light encourage "stretching" and others encourage much more compact growth. You need to do some research on your kind of lights and find out if there is an excess or deficiency in the light colour quality. Bad-mouthing Theresa is unjust and downright stupid. If you were my customer, I'd refuse to sell you anything else, ever again.