UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

                         Date of Report: October 6, 2006

                               CTD HOLDINGS, INC.
                               ------------------
             (Exact name of registrant as specified in its charter)

   Florida                    0-24930                        59-3029743
- --------------------------------------------------------------------------------
(State or other         Commission File No.      IRS Employer Identification No.
jurisdiction of
incorporation)


               27317 NW 78th Avenue, High Springs, Florida, 32643
              ----------------------------------------------------
               (Address of principal executive offices) (Zip Code)


        Registrant's telephone number, including area code: 386-454-0887

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[ ]  Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17
     CFR 240.14a-12)

[ ]  Pre-commencement  communications  pursuant  to Rule  14d-2(b)  under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement  communications  pursuant  to Rule  13e-4(c)  under the
     Exchange Act (17 CFR 240.13e-4(c))






SECTION 8 - OTHER EVENTS

Item 8.01 Other Events.

On September 19, 2006, C.E. "Rick" Strattan  demanded the transfer to him of the
Registrant's  sole share of Series A  Preferred  Stock in  exchange  for 100,000
common shares of Eline Entertainment  Group, Inc. pursuant to paragraph 11(a) of
the Addendum to Share Exchange  Agreement dated September 16, 2005. On September
21, 2006, Bruce Brashear,  Esq. sent a stock power to Eline Entertainment Group,
Inc. to authorize  the transfer of the share of Series A Preferred  Stock on the
Registrant's  transfer records.  The share of Series A Preferred Stock is in the
possession  of the  Registrant.  Neither Mr.  Strattan  nor the  Registrant  has
received a response from Eline Entertainment Group, Inc.

SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01 Financial Statements and Exhibits.

        (10)  Material Contracts

              (10.1)  Addendum to Share Exchange Agreement
                      with Eline Entertainment Group, ..................*

*Filed as Exhibit to Form 8-K filed September 22, 2005.

                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

Dated: October 6, 2006           CTD HOLDINGS, INC.
                                 Registrant

                                 /s/ C.E. Rick Strattan
                                 --------------------------------------
                                 C.E. RICK STRATTAN, President, Chief
                                 Executive Officer, and Chief Financial Officer