That's because 1m is also (?) used for "bright", at least that's what I gathered from a quick google search. Examples:

//echo -a $ansi2mirc($chr(27) $+ [32mblah)
prints "blah" in green

//echo -a $ansi2mirc($chr(27) $+ [1;32mblah)
prints "blah" in bright green


/.timerQ 1 0 echo /.timerQ 1 0 $timer(Q).com