This is actually a "italicized" version of the very first design I sent them. I like the skewing of the art as it adds a little motion and interest to the piece. I had played with that idea a little when I was first making the original. The approach was a little off so it never really came out like I wanted. Over all there was really only one idea that I sent over that I really didn't like.
The other one here is a revision of the first bullet logo, I've changed the typeface and skewed the P element 10° to fit in with the italic letters. I think the skewing is a definite improvement, it creates a little more sense of speed and movement.
There will probably be one more completely new logo coming soonish. They asked for something "radical" (not like 80's radical, but vastly different then what they've seen so far) so I gotta work on that. Unfortunately I don't know what it's going to be yet.
That's all for now!