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H1B, H4 Visa

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Change of Status from F1-H1B without F1 being approved.
Dear All,

Kindly provide your valuable and legitimate suggestions :

Entered US on F1 Visa (2007) --> Completed MS Mechanical Engineer (2009) --> Was on OPT from (2009-Sep'2011) --> Worked for a company which sponsored H1B Visa and was on H1B from Oct'2011 --> Validity of Visa Oct'2011 - 31st Aug, 2014 --> Got laid off due to economical problems in company on 10th July,2013 --> Company notified to USCIS regarding lay off on 18th July,2013 --> Opted to pursue academics in Information tech. College and applied for Change of status from H1B to F1 for me and H4 to F2 for my wife in Aug,2013 --> USCIS sent receipt of documents mail on 8th Aug,2013

Currently, F1 is under approval.--> Got a JOB offer in VA, employer is fine for me to work on CPT and later he shall also sponsor for H1B.

Kindly suggest on below :

1) Without F1 approval can one apply for CPT, will CPT application be approved. If approved, do one face any issues in near future in converting visa from F1 to H1B.

2) If CPT is not a good option or CPT approval is denied and if employer is willing to sponsor H1B immediately. Can one apply for change of status from F1 TO H1B before F1 being approved. If yes, What is the process involved to apply for COS from F1-H1B.

Thanks,
Rave
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