Janice, in desperate financial shape, exchanged worthless desert real estate for 125,000 shares of Issuer unregistered common stock. Thereupon, Janice pledged all the shares to Bank as collateral for a loan. She obtained the loan through fraudulently prepared financial statements. Janice promptly left town. While Janice has demonstrated several important flaws in her character, can Bank nevertheless resell the shares to satisfy the outstanding loan? Is your advice different if the pledged shares represent a control block of stock that Janice had held for five years?