the 'bolt' is normal (I think, your description is not so great). The fork comes with a knob that snaps on to the lower fork bolt. THat knob has a 2.5mm wrench extension that fits into the 'bolt' and turns the adjuster mechanism.
If it truely does not adjust the rebound speed (while riding, not bouncing in you kitchen or parking lot) then there is something wrong. Have you checked the damper oil level and viscosity? have you checked the proper sag, top -out, air pressure, and bottom out? Have you checked the lower bushing lube? have you checked the seals and the required (slick honey) seal grease. THis stuff should all be done every 20 hours of riding......
If it truely does not adjust the rebound speed (while riding, not bouncing in you kitchen or parking lot) then there is something wrong. Have you checked the damper oil level and viscosity? have you checked the proper sag, top -out, air pressure, and bottom out? Have you checked the lower bushing lube? have you checked the seals and the required (slick honey) seal grease. THis stuff should all be done every 20 hours of riding......