RE:Are we expecting..Really good question. They have the cash to pay one. Even after fairly substantial investments both short and medium term. Purely a guess however I suspect they keep the cash to either call the debentures or enact a SIB post June 2024 dilution depending on conversion. Keeping in mind if they pay a special it reasonably guarantees the debentures will be converted. It really depends on what ELF wants.
Take it all with a grain of salt. Aside from doing to math to say yes they can if they choose to pay one the rest is nothing more than a guess.
I think the answer is no however I could be very wrong.