I quite like the bottom one, I don't think it needs the hat, I would like to see the red diagonal strip as the horizontal.
Without picking massive holes, you seem to be picking on a communist propaganda/che feel, which I do like, but the only major communist group who got involved in large scale guerrilla warfare was in Vietnam. BUT I am picking holes, I do like the feel of what you are doing.
Was slightly concerned that the font looked a like Pricedown so tossed it around a bit and blended the two.
I'm not all that confident with pure type logos, unless ofcourse nothing else is necessary to convey the name, like this(edit, not mine). My background is in illustration so I tend to (possibly to some) overcomplicate my logo designs. Although I intend to conquer my fear of typography with the help of the web, waterstones and amazon :up:
What I wouldn't give to go back to college or uni! Sodding bills!