Multiple Valid I797

Suman b

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I have H1B that with Company A expires after three years. Now I transferred to another company B , this approval is going to expire in 10 months. My latest I94 also have 3 years validity .I have few questions here:

1. Can I start working with B until it expires and then start with my old Company A for next 2 years.

2. What is my H1 extension with B denied? As I have my old petition for next three years, can I stay here on that?

3. Does these two visas valid ? I mean can I choose to work for these companies at any time?

4. Can I work for both at a time ?

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