If H1-B application is filed on June 1, 2006, for fiscal year 2007. Is it too late?

USA_Newcomer

Registered Users (C)
I know this is a question with no answer. But based on your observations, if I file my H1-B applicationn on June 1 this year, will that likely be too late as the quota may run out before then? The problem with me is that I graduate at the end of May, and therefore have no proof of my completed degree till then.
 
<i>last year the quota ran out on Oct.1, the year before sometime in January or so</i>

It ran out on Oct. 1? I thought Oct. 1 is the date you can start working, and the quota would certainly run out a lot earlier than that. I heard last year it ran out in Aug.
 
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