Geoff Rickly of Collect Records recently announced he was unsure of the future of his label, but things have recently begun to look positive.

According to Brooklyn Vegan, Collect Records is currently in the process of finding new investors for the label. This comes as a result of severing financial ties with controversial figure Martin Shkreli, known as the man who drastically raised the prices of Daraprim.

In a series of tweets, Rickly stated:

Collect Records is starting to bounce back. Finding new investors. Working on relaunching. The Wax Idols record has been an unqualified success. Out of print already! And No Devotion charted!!! Didn’t expect that! So regardless of the past, I’m looking forward to the future. And holding our ethics and art to a higher standard than we ever have. xx

After an interview with HIV positive journalist Josh Robbins where Rickly wondered if Collect Records “jumped too soon in cutting ties,” he continued:

I think Capitalism as a whole can be pretty gruesome and Pharma especially. But I am starting to wonder where all the patients have been denied access to Daraprim are. And – obviously – my first duty is to my bands and artists. To make them feel comfortable about being on an ethically responsible label. Their comfort and perception of safety can even trump reality. I live to serve art. I always have. And art is 99% perception.