No weird heroes on the front cover to guess the names of!
But before Nelson can reach the phone, he transforms into an amalgam of several of his former superhero identities for a few seconds. He seems to retain some of their memories and powers but maybe he needs more experience to access them. Vernon and his gang fire at him and hit the phone booth instead of Nelson.
This is probably a good thing. Now he'll learn the rotary dial probably works even when not attached to the booth.
Dial "O" for Operator? Or Owner? Owner-Operator?
Throughout various parts of the comic, the bad guys describe their overall plan but it's a bit confusing. I'll try to piece it together. Ex Nihilo wants to harness the Void. Get power out of the nothingness. And The Squid works with Ex Nihilo because The Squid wants to go home. Somehow the two goals overlap. The people that have been falling into comas were witnesses to The Squid's coming and a robbery and also the appearance of whatever thing Ex Nihilo is hunting. Because the witnesses were close to this thing's appearance, they have small traces of its residue within them. Ex Nihilo unlocks this residue or void and uses it for her own ends. Ex Nihilo finally believes that she can lure IT to her by filling the brother of a witness with Void. I think. Something like that.
Anyway, Ex Nihilo is trying to summon something out of the Void. So it's still sounding very Lovecraftian. This thing she summons will be very dangerous. But it will somehow allow The Squid to get back home (to the Void, maybe? He's sort of Lovecraftian) and it will give Ex Nihilo a load of power.
Manteau has been keeping track of weird dial related incidents for years and she knows about the robbery in Halifax and that the coma victims are related. She's keeping tabs on the latest guy coming to town connected to the weirdness. And he just so happens to be the same guy Ex Nihilo and The Squid are paying a visit to to fill with void. Manteau has tapped his phone which he's speaking on when he answers the door and is attacked by Ex Nihilo. She gives Nelson back his dial which is kind of fixed (although she mentions all of the dials are messed up in one way or another) and Nelson tries to transform. It fails on the first try but he sees some person coming toward him while he's partially transformed.
I guess it's the same thing Ex Nihilo and The Squid are trying to summon.
I guess looking into the Abyss is pretty Lovecraftian.