Dear

I got F1 reinstatement approved in April 2012. However unfortunately, though I received approval and new I 94, my SEVIS data still showed terminated. So the DSO posted a data fix ticket on April 29. According to her, this is taking awefully long like 3 to 5 months. Meanwhile I want to transfer to a better school for Fall 2012. I am also getting a job offer with H1b sponsorship and am planning to file for H1b and my job would not be under cap so I can start working before October. I am on an approved reduced course leave from my school right now.
Will my H1b and COS get approved with my new I 94 even if SEVIS data fix might be pending? Can I work then?
If H1 is denied due to any or above reasons, can I continue on F1 and is it possible to transfer to that other school?
Thanks for your reply