Checking if time is greater or less than a specific time

Hello,
Please could you tell me why the following statement does not work? I have tried using "ActiveCell.Offset(0, 3).Value > 0.5" instead of stating the actual time as I would like everything past midday but this does not work either.

Sub WedsPM()

Range("I2").Select
Do Until ActiveCell = ""
If ActiveCell.Value = "Wednesday" And (ActiveCell.Offset(0, 3).Value > TimeValue("12:00:00") Or ActiveCell.Offset(0, 2).Value > TimeValue("12:00:00")) Then
ActiveCell.EntireRow.Interior.ColorIndex = 43
End If

ActiveCell.Offset(1, 0).Select
Loop

End Sub