Christian Gossett said they were ready to roll right into production of the actual Axanar feature film and the crew that did Prelude was ready to start on Axanar and he even had a rentable studio space lined up.
I want to respond to this point in another way than before.
Even granting that this is so, given what we've seen in terms of script and what we've seen in terms of AP's acting ability, what would have been produced would never have lived up to the hype. There is no way that a finished product made at the time could have rivaled, much less surpassed, professionally produced theatrical
Star Trek, really in any conceivable way.
If the goal had simply been to produce a fan film and have fun while doing it, the results might have been different. We might well have seen a finished product. But, no, from the start it was billed that
Axanar was going to be something more, something better than
Star Trek itself, something that could never be achieved.
At a minimum, the script was never ready to achieve what they set out to achieve. They were at no point ready to produce
what they'd set out to deliver. So, "bit off more than they could chew" is, IMO, really quite apt.
Also, their primary goal being beyond their means to achieve does not exclude, excuse, or explain away other issues, including how they went about raising money.