Why is this if statement + while loop not working?

while true do
	if script.Parent.Parent.Value.Value == true then
		script.Parent.ParticleEmitter.Enabled = false
		script.Parent.Transparency = 1
	elseif script.Parent.Parent.Value.Value == false then
		script.Parent.Transparency = 0
		script.Parent.ParticleEmitter.Enabled = true
		if script.Parent.Script2 == nil then
			local a = script.Parent.Folder.Script2:Clone()
			a.Parent = script.Parent
		end
	end
	wait(0.01)
end

I'm trying to have a value in script.Parent.Parent.Value that decides whether this part will be transparent or not. It's not working. If it helps, the Value is in game.Workspace and the part trying to use the value in game.Workspace.Part. The if statement within the elseif statement is meant to find out if there's already a script called Script2 in the parent of the folder its in. If it doesn't exist, it is meant to clone the script and put it inside the folder's parent. Can anyone explain to me why this is not working correctly?