Schermafbeelding 2013 02 20 om 14.17.38

Working on a logo for an electric company.
I'm no pro when it comes to negative space but I'm exploring a couple of options here.
Anyone willing to look at it and point out some tips? It would be very much appreciated!
This is just a first digital sketch, it should read 'VERITEC' and it probably reads 'VERITED'
Maybe I can get them to change their name ;)

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