H1 extension and transfer at the same time

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Is it okay to file an H1B extension with my current employer (has 6 months remaining) and after 1 or 2 weeks from the date case is filed, file an H1B transfer with another employer? What are some negative effects of doing this if there is any? Is it better to hold off on filing an extension with my current employer? Will the extension delay the H1B transfer process?

Finally, let's say I applied both in 1 week apart. Is it possible that the extension is approved but the transfer is not? What happens if the transfer is approved before the extension? Will the extension be withdrawn?

Edited by Juliana
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