L1 to H1 COS and valid I-94 thru 2015

[techrich]

Hi Friends

I seek your help, suggestions regarding my situation detailed

I am currently working on my second tenure of L1 visa that is expiring on 19th of October 2013 and fortunately/uselessly have an I-94 valid thru 3rd June 2015.
Also I have applied for my H1 visa this year under CAP'14 awaiting for the approval.

I. What in case if my H1 is DENIED (considering my the validity of I-94)
1. Will I still be eligible to stay in US with a valid I-94?
2. Will my wife (she has the same I-94 do as me) be able to travel back to US if she travels to India early September?

II. What in case if my H1 is APPROVED
1. Will my wife be eligible to renter US if she travels to India early September (on her H4 petition filed along my H1)

Thanks in advance

[raghvi]

Hi Friends

I seek your help, suggestions regarding my situation detailed

I am currently working on my second tenure of L1 visa that is expiring on 19th of October 2013 and fortunately/uselessly have an I-94 valid thru 3rd June 2015.
Also I have applied for my H1 visa this year under CAP'14 awaiting for the approval.

I. What in case if my H1 is DENIED (considering my the validity of I-94)
1. Will I still be eligible to stay in US with a valid I-94?
2. Will my wife (she has the same I-94 do as me) be able to travel back to US if she travels to India early September?

II. What in case if my H1 is APPROVED
1. Will my wife be eligible to renter US if she travels to India early September (on her H4 petition filed along my H1)

Thanks in advance

Duplicate Post.