Where did you download that theme? Have you asked the vendor/developer?
i downloaded that theme searching google.. after downloading i email them about the issue and didn’t get any response till yet
as far as i know isn’t Panoramica theme is a free theme ??
These forums only support themes from the repository on this site, so you may want to find a theme from there. This may be relevant –
http://www.chipbennett.net/2010/12/10/only-download-wordpress-themes-from-trusted-sources/
Hmmz.. Do you have any Free theme in your Mind that have the features like Panoramica including Drop down child and grand child menu navigations ??
I don’t know what that theme looks like, but you can search the themes using the filter function – http://wordpress.org/extend/themes/search.php?q=portfolio
Most current themes support drop-down menus – or could be modified to do so.