Investigating, Lois finds that the Cobra band members have been replaced by criminals. Lois is attacked by a member of Cobra and left on a yacht which is rigged to explode. There, she meets the real Cobra members.
Using a trick lighter given to her by Steve Lombard, she escapes and steers the boat towards the Cobra band's boat. She hurls the bomb overboard.
Lois then returns and delivers the story.