Anyone recognize this Panasonic?

[non-fixie]

As I picked up a vintage road bike I'd bought, the seller showed me this MTB, also for sale.

Now, I'm not into MTB's, but the seller said it is rare, and as it looked interesting I tried to ID it. To no avail. I found the forks easily enough, but not the frame.

What is it?

 

[ishaw]

Re:

Frame looks a lot like a verlicchi/Rudy project I had. Wish i still did tbh. Mine had a 1 1/4 headset which was one reason i let it go, that and a lot of projects and no space.