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Sangd1234

H1b still in received status and employer wants to revoke.

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Company A had filed my h1b and it got picked up in 2017. However I never travelled to US and now they dont have any requirements,want to revoke my h1b.  
 
1)  Can new company B file my H1b with cap exempt? Or transfer? 
 
2) if not,  any other way to retain my current h1b? 

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Unless you start working for the original H1 employer the H1 can not be transferred. That basically means that the H1 is gone.

Find a better employer for next year's quota.

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