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H1B quota issue for H4 and F1

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  • H1B quota issue for H4 and F1

    Hi

    I would appreciate any help / advice for my situation. Here it is:

    I entered US in 2002 Jan on F1
    I changed to OPT on Oct 2003.
    Then to H1B from Oct 2004 to 2005.
    I got laid off in Nov 2005 and changed my status to H4.

    And I have not yet completed my MS. I have my thesis defense to present in order to graduate.

    1. If I apply for H1B now ? Will I be subject to cap ?
    2. Should I be on F1 visa and complete my Masters in order to apply for H1B through Master's quota ?
    3. How can I possibly get H1B without subject to cap ? please advice

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