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Hi,
I don't have access to the module's files here at work but having looked at it it's probably an html template that needs editing.
Take a look at the file "action.transfer.php" and see which template files it calls by searching for "html" within the file. There might only be one or two.
It looks like a simple matter of editing out the link, overwriting the old template file on your server and doing a "check for new templates" in Admin>preferences.
If no-one else gets back to you with more specific advice I'll check it out when I get home this evening.
HTH
Edit:
The line you need to remove from the template is:
<li><a href="###" onclick="document.forms.opform.op.value='bookmark'; document.forms.opform.submit();">Add the link to bookmarksa>li>