Hello JW, how are you? I hope things are great there..
It's okay if you are the firsttimer, everything always has the beginning isn't it? :)
Well, It depends on you JW, this is the Top 5 phase ( it remains 1 day 0 hour )
If you already feel satisfy and see that the logo here has the everything you need, you can contact LT's admin to end the contest. BUT, if you still want to develop the design, you have the chance for one day (cause the time here in Top 5 shows : 1 day 0 hours ) to give comment, to give the direction.
After this Top 5 phase is a judging time. Well, usually this is the time to pick a winner.
If you still have something to ask, dont be hesitate to tell me! I will make a quick response for you JW!
Cheers!