Why does code ignore if statement and fire regardless?

I've made a code that checks if a tool is in the Backpack or not. If it is in the backpack, the code is supposed to bypass the primary action and move on. Unfortunately, it runs the primary action regardless if the tool is in the Backpack or in the Player. I used a print code to test this, and sure enough, each time it runs, if the tool was in the Backpack it printed "Backpack" and if it was in the player it printed my name. Any ideas why? This is in a local script inside of a tool. Thanks in advance!

if player.Backpack.MyValue.Value == false then
    FanimTrack:Play()
    wait(.4)
    player.Character.Head.MySound:Play()
    wait(.6)
    if bin.Parent ~= "Backpack" then
        enabled = false
        print(bin.Parent.Name)
        player.Backpack.MyValue.Value = true
        --My FireServer Event
        wait(4)
        player.Backpack.MyValue.Value = false
        wait(4)
        enabled = true
    end
    FanimTrack:Stop()
end