It’s not… the best issue. In some ways, it might even be the worst of the series so far. Not because there’s anything particularly bad–though Fernandez's art sort of tanks here so it doesn't help the finale hinges on Frank's expressions for effectiveness, though it might be on colorists Dan Brown and Giulia Brusco; it seems like Fernandez's panels, in black and white, might be effective. The colors don't help.
This issue is build-up to a big action set piece–how Frank and O'Brien are going to deal with the Russian general and Rawlins–and the resolution after they execute that plan. Even though Ennis opens the issue with Frank narration, there's no specifics about how the plan's supposed to go, just how transition stuff between the last issue's finale and this issue's opening.
But the issue also reveals just how wanting the villains of Man of Stone have been. Frank and O’Brien end up once place, still having to deal with Rawlins and General Zakharov. Zakharov and his flunkies find themselves at Rawlins’s mercy and he proves to be a vicious, cruel bastard, which the reader’s known for ages and Zakharov, based on when he told off Rawlins last issue or so, seems to know too. Shame he didn’t take it to heart and instead lets Rawlins get the better of him.
Rawlins is a tiring villain. He’s endlessly repugnant and opportunistic instead of smart. He’s not fun or edifying character to follow. Ennis just churns through his scenes. There are threats, there are violent realizations of those threats, there are more threats… on and on it goes. At least with Zakharov and his flunkies, there’s some examination of the characters and their situations. Rawlins is just caricature.
Meanwhile Frank is back to leading O’Brien on as far as their “romance.” Sure, he tells her not to plan for the future but he also banters with her against napalm going off in the distance; Ennis and Fernandez are way too intentional with the interplay given it can’t mean anything to Frank outside a temporary alliance.
Why can’t it mean anything to Frank?
Because, ostensibly no character development on him. Even though Punisher MAX is all about the character development on him.
It’s not a bad comic at all, it’s just a pointless enough one it’s hard to imagine Ennis is somehow going to wrap it all up into something special with the next issue. Man of Stone clearly went off the rails somewhere, but it might have just been on the wrong track the entire time. It plays to none of the series’s strengths, especially this issue, with Fernandez no longer able to keep the art more engaging than not.