Script never runs?

The following code is inserted into the player when they join, it is copied from the serverstorage, however the code never runs!

Here is the code:

local player = script.Parent
local playerfolder = game.Workspace:FindFirstChild(player.."Time")
local playertime = playerfolder:FindFirstChild("PlayerElapsedTime")
local playertimevalue = playertime.Value


while true do
	playetimevalue = playertimevalue + 1
	print("Value Updated")
	wait(1)
	
end

The code is extremely simple, but doesn't run the loop when it is placed into the player.

Any suggestions?

I think I've spotted your problem. On line 4, you added .Value. To be honest, I don't know the exact reason for this, but I believe you should remove the .Value from defining the variable. You would put .Value on line 8. So..

local player = script.Parent
local playerfolder = game.Workspace:FindFirstChild(player.."Time")
local playertime = playerfolder:FindFirstChild("PlayerElapsedTime")


while true do
    playertime.Value = playertime.Value + 1
    print("Value Updated")
    wait(1)
end