transfer your H1 to some other company immdtly ..just fax your recent pay stub (2 or 3) to them..and hopefully you have a project with them..
cancellation of visa by your previous employer would take some time to come into affect as they need to get an attorney and I believe there is also some fees for cancellation. So chances are by the time USCIS cancels it ..the visa would be transferred ..And use premium processing !!
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