Exactly.
Peters is never finishing Axanar, because once he does the money dries up. Since there's no product, it doesn't really hurt CBS (although I might be annoyed if i was one of their licensors). Really, the only people who are losing money on this are the fans who are paying to support Peters' lifestyle.
Not to mention nothing he could produce could come anywhere near equaling the hype he has been heaping on Axanar. Think about, what will happen if he puts it out and it sucks after all of this boasting he has been doing for years. It will never happen