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 30, 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
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               (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 October 30, 2006,  Registrant  received an "Action by Written  Consent of the
Shareholders of CTD Holdings,  Inc." signed by Barry A. Rothman, as President of
Elite  Entertainment  Group,  Inc.,   purporting  to  remove  all  directors  of
Registrant other than Rick Strattan and electing Ms. Jayme Dorrough as director.
Registrant  does not believe Eline  Entertainment  Group,  Inc. has the power to
take such action and that the action is in  violation  of the  parties'  Amended
Share Exchange Agreement.


                                   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: November 1, 2006          CTD HOLDINGS, INC.
                                 Registrant

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