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The Ghostwalk reaches its dynamic conclusion! The Phantom finally discovers that the person behind all this is Quisling and his intentions. He traces back the villain right to the Walkabout tower, a part of which is the breeding place for Krieghund. This terror organization is led by Kit's former right hand man in Walkabout Foundation, Peter Quisling. With the area heavily guarded by Quisling's men, it is difficult for Kit to reach the boss that easy. The villain is finally taken down but there is destruction. The destruction of the entire Walkabout Foundation, which was, as Kit realizes, in the way to take up the self-appointed masked crime fighter's role. With the philanthropic foundation gone and his wife and son killed, he is now in a true sense, just a Ghost Who Walks and the Last Phantom!

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