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These ASCII characters have been used in both the href= and the visible link text.
I don't like the visible link text part in case Google treats it unfavourably with some sort of penalty. As this site has a grey PR bar, I am looking for reasons why and this is one suspect.
The href= bit I think just may not be followed with the file name coded in ASCII and that may be harmless from a penalty point of view.
My impression is:
grey bar=relax, its just the bot hasn't got round to you yet
white bar=you've been naughty, go and buy a new domain
do they have any backlinks listed anywhere?
As soon as I get some logs to examine, I will see if any spiders are visiting. In the meantime I will convert all the ASCII to conventional text.
If anybody has any further thoughts, I would be grateful.