Foresight News: According to a Bloomberg report, Genesis has extended its mediation deadline with creditors for the last time to August 16. The company's lawyer stated that they would not seek further extensions if substantial progress in the transaction is not made within the next two weeks. Since May, Genesis has been in mediation with key stakeholders, including parent company DCG and Gemini, in an attempt to salvage a proposed bankruptcy exit plan backed by DCG. However, the plan was rejected by the official committee of unsecured creditors.