H1 Transfer & H1 Extension

Hi, My H1B visa is going to transfer by Sept. 2015. Is it possible that I transfer (yeah, I know ‘transfer’ is a misnomer, it’ll be new H1B application for new employer) my H1B to new employer before Sept, which gets approved (I wish) but continue working with my existing employer, who is going to file H1B extension for me and start working with new employer only if extension doesn’t get through? Kindly suggest

Your question is very confusing. But like you said its not a transfer. Its a new application. So you can use it as many times as you like, you can work only at one place after you get the approval or receipt #