H1b Transfer while extension is in process


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Hello everyone,

I have a small doubt regarding my H1b transfer and would appreciate any inputs.

I'm currently working for Company A. My current H1b expires on Nov, 2012 and Company A has filed for my extension.

In the meantime, I'm looking for opportunities outside. So, if I get selected into Company B, can they transfer my H1b without any problems (while the current extension is in progress)?

I initially thought of premium processing at Company A, but they're not willing to go ahead and advising me against it because it increases the chances of getting a query.

The assumption is that Company B will file for my transfer before Nov, 2012. So, if I have a petition # from the current extension, will that be enough? Or should I wait for 2,3 months before looking outside?

Thanks for your time and consideration.

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