Rickly formed Collect Records, a record label which in its early years only co-released various albums, including releases by Touché Amoré, United Nations and Midnight Masses, but in 2014, the label announced plans to be the primary label behind albums by Black Clouds, Vanishing Life, Sick Feeling and No Devotion, the new band formed by the ex members of Lostprophets, featuring Rickly on lead vocals. Martin Shkreli controversy During the 2015 public scandal of hedge fund manager Martin Shkreli and his controversial monetary inflation of toxoplasmosis-related pharmaceuticals, it was revealed that Shkreli was a silent investor in Collect Records, while still allowing Rickly to retain creative control. Rickly and Shkreli met when the guitar that Rickly used to make Thursday's album Full Collapse was purchased by Shkreli for $10,000. Rickly said he was completely shocked by the scandal, stating: "I've seen the guy give away money to schools, charities, and frankly, our bands, who if anyone really knows the industry, is a hard sell. I am struggling to find how this is OK." Due to the controversy, Shkreli's relationship with Collect Records angered several artists signed to the label. One of the artists, Sick Feeling, said in a public statement: "One thing is clear; as long as he has a part in the label, we, Sick Feeling, cannot. Our experience with Geoff, Norm, and Shaun has been nothing but positive, however, we cannot continue to work with Collect as long as Martin Shkreli has any part in it." Dominic "Nicky" Palermo of Nothing, who had just recently signed a two-record deal with Collect Records, expressed interest in ending the contract and said: "I'm hoping that we can just get out of this with someone else and not have to go down whatever ugly road that could lead to." Within two days of the controversy, Rickly put out a press release stating that the label had severed its relationship with Shkreli, and that the amount of money he currently had in the bank could not cover Collect Records' outstanding invoices, leaving its future uncertain, without Shkreli's significant financial contributions to Collect (estimated to be "somewhere around a million dollars"). Discography As band member Thursday Waiting (1999, Eyeball) Full Collapse (2001, Victory) Five Stories Falling (2002, Victory) War All the Time (2003, Island) Live from the SoHo & Santa Monica Stores (2003, Island) Live in Detroit (2003, Island) A City by the