H1B transfer while extension in progress. After I-94 Expiry


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Hi. My current H1B I -797 is approved till July 16th 2017. My current employer has submitted extension request in April 2017. Got the receipt and waiting for approval. Now can i move to company B by transferring my H1B. I think for sure company B cannot file extension before July 16th 2017.  Does this create a problem ? My Current company is an Indian MNC. As part of separation will  they  revoke my extension application. If so then is it a problem. 

Please suggest...

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